Porsche said a fastener that wasn’t properly installed is to blame for engine fires in the 911 sports car’s racing version that led the automaker to take the rare step of telling customers to stop driving the model.
Tag Archives: Porsche
Porsche to replace recalled 911 GT3’s engine
Porsche AG will swap out the engine on the racing version of the 911 sports car after the German automaker took the rare step of telling customers to stop driving the model because the vehicle could catch fire.
Porsche wins dismissal of hedge funds’ suit over failed VW bid
Porsche Automobil Holding SE won the dismissal of a lawsuit seeking 1.4 billion euros ($1.95 billion) over the German carmaker’s aborted takeover of Volkswagen.
The lawsuit, filed by 23 hedge funds including Viking Global Equities LP, Glenhill Capital LP and David Einhorn’s Greenlight Capital Inc., was thrown out by judges in Stuttgart today.
Porsche delivered a record 162,145 vehicles in 2013
2013 was a good year for many automakers and a very good one for Porsche, which had an operating margin of 18 per cent.
Porsche predicts stable 2014 earnings
Porsche predicts that earnings will be stable in 2014 as the sports car maker invests in U.S. and Chinese operations. Investment spending will focus on adding distribution outlets in emerging markets, with 30 new dealerships planned for China by 2015, the manufacturer said today in a statement.
