Filed under: , , , ,
The latest in Porsche-Volkswagen relations is that the sports car maker has contingencies in place to raise its stake in the VW Group, but at this point is not planning an outright takeover.
As you may recall, when , it was bound by German law to make an offer to purchase controlling interest. The offer Porsche submitted to Volkswagen shareholders was purposely low because Porsche didn't want to fully take over Volkswagen.
That law is now on the verge of being repealed, leaving the door open for Porsche to further increase its stake, but that doesn't mean that it will automatically take the opportunity to further entrench the anschluss between the two companies founded by Ferdinand Porsche. If, however, Porsche's position on the Volkswagen board is threatened, it could increase its stake up to 50-percent without any further bureaucracy and legal issues, but for now it plans on staying where it is.
[Source: Reuters]
| | |
Napleton Porsche of Westmont will sponsor the No. 73 Tafel Racing Porsche RSR for the Generac 500 at Road America and round eight of the American Le Mans Series to be run on August 11.
Reuters - German sports car maker Porsche (PSHG_p.DE) is not currently considering raising its 31 percent stake in Volkswagen once a law capping voting rights is repealed, a German newspaper reported on Sunday.
PORSCHE'S fastest-ever 911, the GT2, arrives in the UK in November. Powered by a 530bhp version of their six-cylinder 3.6-litre engine, the GT2 can hit 62mph from standstill in just 3.7 seconds.
This sport utility will cut its fuel usage by almost one third for a fuel economy between 24 and 26 miles per gallon, compared to the conventional Cayenne which only gets 18.5 mpg.
In a Corner of this morning paper's obituary section were a couple paragraphs devoted to a Mr.
Porsche Ablaze After Sliding On Slick Streets A Porsche burst into flames when it hit a traffic light pole after sliding down wet streets in South Austin Friday.
"If you're driving a Porsche in your neighborhood"
WEISSACH, Germany: Nobody is ever going to mistake a Porsche for a Prius. But the sports car maker is hoping to blur the line between its gas-guzzling, carbon-spewing speedsters and the environmentally ...
"If Porsche was going to do a hybrid, it makes sense to do it from a performance standpoint"
Porsche said Tuesday a new prototype SUV hybrid will be capable of cruising at speeds up to 70 miles an hour on the electric engine alone, far faster than existing hybrids.
The EPA ranks the 2008 Porsche Cayenne near the bottom of the list, or "worst," when it comes to fuel economy.
Performance car maker Porsche demonstrated a new hybrid prototype of its Cayenne SUV hybrid to media in Stuttgart, Germany.
Almost two months away from its official debut at the Frankfurt motor show, Porsche AG presents its most aggressive variant of the 911 sports car range: the 911 GT2.
Capable of 204mph, the new GT2 covers the 0-60mph dash in 3.6 seconds and will sprint from 0-100mph in 7.4 seconds.
And this time its officially-official meaning that we've got our hands on the full press release along with the high-resolution images of the 530Hp RWD 911 GT2 .
Well, just about everything there is to say about Porsche's 911 GT2 has been said already thanks to the leaked product brochure that hit the internet last week, but Porsche made it all official today.
Purists love to hate the Porsche 911 Turbo Cabriolet. Save for the Cayenne , few Porsches have drawn as much condescension from the cognoscenti.
Posted Jul 18th 2007 11:11AM by Sebastian Blanco Filed under: MPG , Porsche Ahhh, the rare Porsche post on AutoblogGreen.
A 40-year-old Zamora man suffered fractures and lacerations after he lost control of his Porsche while traveling at a high rate of speed on a rural county road.