By gt3spark

Qatar now a shareholder in Porsche

Contract signing seals the deal

Stuttgart. This Friday, in a festive ceremony, Porsche Automobil Holding SE, Stuttgart, and Qatar Holding LLC (QH) signed an agreement signaling the entry of the Emirate of Qatar into the Porsche SE family. In the afternoon, the Chairman of the Supervisory Board of Porsche SE, Dr. Wolfgang Porsche, welcomed the high-ranking delegation from Qatar led by Prime Minister of the Emirate, Sheik Hamad ibn Jassim ibn Jabir Al-Thani, to the historical Porsche Villa located on Killesberg Hill outside of Stuttgart. There, in the presence of the Minister President of Baden-Württemberg, Günther Oettinger, the two men signed two contractual agreements.
Read more

Macht appointed Chairman of the Board of Management for Porsche AG

Macht
Stuttgart. Today the Supervisory Board of Porsche Automobil Holding SE, Stuttgart, together with Dr. Wendelin Wiedeking and Holger P. Haerter agreed upon their dismissal. Both Members of the Board of Management will leave Porsche SE and Dr. Ing. h.c. F. Porsche AG with immediate effect, but will provide advice to both companies (make themselves available for serving both companies as consultants) as wished by the Supervisory board. Both resign from their respective seats at the Supervisory Board of Volkswagen AG and Audi AG.
Read more

Porsche at 2009 Monterey Historics – Featured Marque

1962 type 804
1962 type 804

Porsche has ambitious plans for the 36th Rolex Monterey Historic Automobile Races, held at Mazda Raceway Laguna Seca on August 14-16, 2009. In addition to many very exciting vintage offerings on loan from the Porsche Museum in Germany, Porsche will introduce the 2010 Porsche Panamera to North America.

“This year’s Rolex Monterey Historic Automobile Races presents the perfect opportunity to demonstrate that Porsche’s DNA, its competitive spirit and drive for perfection, runs from the very first 356, Porsche No. 1 up through today’s all-new Panamera,” said Detlev von Platen, President and CEO of Porsche Cars North America.

“We at Porsche are deeply honored to have been named the ‘featured marque’ on this, the 61st anniversary of the very first Porsche and the North American debut of the Panamera, the very latest Porsche,” added von Platen.
Read more

Porsche is the most attractive and liked brand in the USA

J.D. Power Study Distinguishes 911 and Cayenne

Stuttgart. For the fifth time in a row, Dr. Ing. h.c. F. Porsche AG took first place in the brand ranking from the latest opinion poll “Automotive Performance, Execution and Layout Study (APEAL)” conducted by the US market research institute J.D. Power. As a result, Porsche has succeeded in moving even further ahead of other premium manufacturers in the USA. Along with the outstanding overall rating of the brand Porsche, the sports car 911 Carrera and the sporty Cayenne SUV also earned hon-ors: Based on their equally high quality and esteem, customers confirmed the two model series as the best vehicles in their categories “Premium Sporty” and “Midsize Premium Multi Activity Vehicle”.

The APEAL study assessed the satisfaction of new car owners after the first 90 days. A total of approximately 81,000 people were asked to evaluate their vehicle according to 95 criteria in areas such as driving dynamics, power, design, comfort and suitability for everyday use in the period from February to May 2009. Already one month prior, the outstanding new car quality of Porsche earned second place in the equally prestigious study “Initial Quality Study” by J.D. Power. J.D. Power and Associates are among the leading and most renowned market research companies in the world.

(source Porsche SE)

Tables Turn in Porsche’s Pursuit of VW

By CARTER DOUGHERTY
Published: June 19, 2009 NY Times

FRANKFURT — When Wolfgang Porsche learned that his family’s sports car company would need an emergency cash infusion from its giant rival Volkswagen, he “went absolutely white.”

“It was as though he’d heard someone died,” said one person briefed on the secret meeting between executives of the two companies.

The meeting, at the offices of the governor of Lower Saxony state, where Volkswagen is based, effectively ended the company’s audacious bid for Europe’s largest automaker. It also was the beginning of the end of Porsche’s cherished independence.

Read more