By gt3spark

Porsche SE and Volkswagen AG create Integrated Automotive Group

Boards pass concept for accelerated creation of the Integrated Automotive Group between Porsche and Volkswagen / One-time positive effect on earnings / Porsche SE as financially strong holding company continues to be significantly involved in growth of Volkswagen AG

Stuttgart, 4 July 2012. Porsche Automobil Holding SE (Porsche SE), Stuttgart, and Volkswagen Aktiengesellschaft (Volkswagen AG), Wolfsburg, are expected to achieve their shared goal of creating the Integrated Automotive Group on 1 August 2012. The competent bodies and the executive boards responsible at both companies have approved a concept for the complete integration of Porsche AG into the Volkswagen Group. According to the concept, Porsche SE will contribute its holding business operations, including its 50.1 percent investment in Porsche’s operating business, to Volkswagen AG. The consummation of the transaction will make Volkswagen AG sole owner of Porsche’s business operations. Read more

Style Porsche is awarded the honorary title of “red dot: design team of the year 2012”

Highest distinction for chief designer Michael Mauer and the Style Porsche design team

Essen/Stuttgart. In appreciation of its uninterrupted great design performance, the Style Porsche design team has been awarded as the “red dot: design team of the year 2012.” Chief designer Michael Mauer and his team of 80 have been dedicated to the task of sustaining and advancing the Porsche identity across all model ranges since 2004. With the new Porsche 911 Carrera, the design team has triumphed in carrying forward the success story of the 911, which has spanned a period of nearly 50 years up to now. For this, the design icon was already awarded the “red dot: best of the best 2012” this year. Read more

Grand-Am Series, Watkins Glen Six-Hour, Race report 2012

Two Porsches Finish in Glen Six-Hour Top-Ten; Porsche 911 GT3 Cup Teams Hold Three of Top-Five Spots in GRAND-AM Endurance Championship

WATKINS GLEN, N.Y., July 1 – Porsche placed two cars in the top-ten of the GRAND-AM Rolex Sports Car Series today at Watkins Glen International. The Sahlen’s Six Hours of The Glen has long been a bastion of Porsche success – including a victory in the 2011 running – but the German marque was only able to place two of it’s seven entries into the top-ten at the conclusion of the this year’s event. The No. 59 Brumos Racing Porsche 911 GT3 Cup finished sixth, the highest of the rear-engined machines, after leading late in the race. Horton Autosport’s No. 73 911 GT3 Cup took tenth. As a result of today’s race, the iconic automotive brand did hold onto three of the top-five positions in GRAND-AM’s inaugural North American Endurance Championship (NAEC). Read more

Leipzig plant builds 500,000th vehicle

Porsche ceremonially hands over anniversary Cayenne to municipal fire brigade

Stuttgart/Leipzig. The 500,000th vehicle rolled off the production line in Porsche’s plant in Saxony. The anniversary sports car is a white Cayenne with a V8 engine and was converted into a command vehicle for the Leipzig fire brigade with the assistance of Porsche’s apprentices. In a ceremony today, Matthias Müller, the President and CEO of Dr. Ing. h.c. F. Porsche AG, handed over the car keys to the Lord Mayor of the City as a token of the affiliation with Porsche’s Leipzig home. Because everything started with a Cayenne in 2002. Read more

Brumos Racing to Market Special Edition Porsche 911 GT3 Cup Model to Celebrate Championship

SANTA ANA, Calif. – June 28 – Porsche Motorsport North America, Inc., in conjunction with Brumos Racing, the motorsports division of Brumos Porsche in Jacksonville, Florida, will offer a special edition of five 2012 Porsche 911 GT3 Cup race cars to commemorate its 2011 Rolex GRAND-AM GT championship.

The 911 GT3 Cup car, the most successful production-based race car in history, races in dozens of professional sports car series and one-make cup competitions all over the world, including the Rolex GRAND-AM Sports Car series, where the car has won multiple championships. Read more