While we have been working on it for some time, we are now officially taking the lid off of our 991 GT3 Video Series. Partnered with Idea Television, who is producing the series, we will document what it will be like to live with and drive the Porsche super-car on a day to day basis, from normal driving characteristics and vehicle service, to track use and modifications.
It seems nearly impossible to believe, but 2015 is already kicking into high gear; January is (almost) gone and February will be upon us in no time. We here at Lüfteknic have been busy trying to finalize our plans for 2015, and are very excited to share them with you.
Porsche Cars North America recently announced the official dates and location for Rennsport Reunion V (RRV), occurring just under one year from now on September 25th-27th, 2015 at Mazda Raceway Laguna Seca in Monterey California. As the ultimate gathering of all things Porsche motorsport, it is an event not to be missed. If you have never been, or have always thought about attending but never found the time, now is your chance.
When Ferdinand Piech took charge of Volkswagen AG (VOW) 20 years ago, the carmaker was losing almost 1 billion euros ($1.24 billion) with its sales tied to the fortunes of the European economy.
Yesterday, the 75-year-old VW chairman capped a spurt of dealmaking with a 4.46-billion euro agreement to buy the rest of Porsche SE’s automaking business, a transaction that will extend the German company’s lead as the world’s most profitable automaker. VW generated a record 11.3 billion euros in operating profit in 2011. Read more
Volkswagen AG (VOW) agreed to buy the 50.1 percent stake in Porsche SE’s automotive business that it doesn’t already own for 4.46 billion euros ($5.6 billion), ending a seven-year takeover saga that divided two of the most powerful families in Germany.
VW was able to proceed with the transaction two years earlier than planned after reaching an agreement with German tax authorities, it said late yesterday. The cash deal is based on an equity value of 3.88 billion euros and also includes what the Porsche holding company would have received in dividend payments and half of the forecast synergies from the combination. Read more