The letters “RS” have been used a lot in Porsche’s history. There is the RS Spyder, the 911 Carrera RS, the 997 GT3 RS, the Boxster RS 60 Spyder, and more. Porsche uses it on their highest performing models. Audi also uses the “RS” designation on their highest performing models, like RS4, RS6, and RS8. [...]
Entries Categorized as 'Company News'
Porsche and Audi Fight Over Two Letters
April 27, 2008
Wiedeking is Highest Paid Automotive CEO
April 27, 2008
The world’s most profitable auto maker also has the world’s highest paid CEO. Wendelin Wiedeking is estimated to have made over €60 million ($89 million) last year, placing him ahead of other CEOs such as Carlos Ghosn of Renault-Nissan, Alan Mullaly from Ford, Dieter Zetsche of Daimler and Sergio Marchionne of Fiat. While most people [...]
Porsche Might Avoid Emission and Economy Standards Via VW
March 30, 2008
Automakers are facing stiffer emissions standards in Europe, and by 2020 they will be required to have a fleet-wide 35 miles per gallon average in the United States. A niche automaker like Porsche, who produces only sports cars and SUVs, will have a hard time making those standards, and face stiff penalties. However, with Porsche’s [...]
It’s Official: Porsche to Buy VW
March 3, 2008
Reuters is reporting that Porsche’s board gave approval today to raise their stake in VW to over 50%, thus giving them control of the company. According to the article, the investment would be about 10 billion euros, or $15.17 billion. Porsche CEO Wendelin Wiedeking said: Our aim is to create one of the strongest and [...]
911 Production Resuming Today
March 3, 2008
Porsche is re-opening the 911 factory in Zuffenhausen today, a week after an explosion closed the factory and injured two workers. The two workers are fine, and Porsche says a “technical defect” caused the gas explosion in the paint shop. The explosion caused hundreds of thousands of dollars in damage, and put Porsche about 800 [...]
Explosion at Porsche Factory Halts 911 Production
February 25, 2008
A gas explosion in the paint shop of the main factory in Zuffenhausen this morning has halted production of the 911 for at least two or three days. Two workers were injured, but luckily nobody was killed. It happened at about 5 a.m. local time, and an initial investigation says that some gas escaped from [...]
Porsche Appoints New North American CEO
February 25, 2008
Porsche has appointed Detlev von Platen as the new president and CEO of Porsche Cars North America, replacing Peter Schwarzenbauer who is joining Audi. von Platen was previously the CEO of Porsche France. Full press release after the jump. [source: Porsche via Jalopnik]
Porsche Fights Congestion Charge in London
February 25, 2008
The Mayor of London, Ken Livingston, is trying to fight air pollution in London by tripling the “congestion charge” for less fuel efficient cars to drive in the city. People who drive cars and SUVs that are considered “high emission” vehicles must now pay about $50 a day to drive in London. How does this [...]
Porsche Announces Cayenne Recall
February 18, 2008
Porsche is recalling 18,856 Cayennes produced between Nov. 2006 and January 18, 2008, for a fuel line problem. The routing of the fuel lines could cause them to come into contact with some engine compartment pieces, causing a “knocking sound” and possible abrasion markings on the fuel line. There have been five known complaints worldwide [...]
Porsche Fights New “VW Law”
January 30, 2008
So, last fall we told you that the so-called “VW law” was struck down, and Porsche would be able to purchase majority ownership of VW. Well, it looks like there is a new bump in the road now. The Berlin government is working on a new law that would replace the so-called VW law and [...]
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