DriveInside.com | Monday July 26, 2010
German sports-car company, Porsche, last week launched the second-generation version of its luxury SUV, the Porsche Cayenne, in India. The new Cayenne comes in five variants, priced between Rs 65.82 lakh and Rs 1.27 crore. One of these is the Cayenne S Hybrid which, at Rs 75.46 lakh, is the most expensive hybrid vehicle in the country. The company Read More...
DriveInside.com | Tuesday July 6, 2010
Luxury sports-car manufacturer, Porsche, may soon start assembling its SUV, Porsche Cayenne, at parent company Volkswagen’s facility in India. Assembling the Cayenne locally will help the German company bring down the import duty on the vehicle from the current 113 percent to 40 percent. Porsche India CEO, Mr Ashish Chordia, denied the report Read More...
DriveInside.com | Wednesday April 28, 2010
Luxury sports-car manufacturer, Porsche, is recalling all 11,324 units of its four-door, four seater sports car, the Panamera, to correct a problem in the car’s seatbelt. A company spokesperson said that while there had been no seatbelt-related accidents involving the Panamera so far, there was a possibility of the belt not functioning properly Read More...
DriveInside.com | Tuesday February 16, 2010
Luxury sports-car maker, Porsche AG, will be unveiling the new, entry-level Panamera and Panamera 4 models at the Beijing Motor Show in April 2010. Both the models are powered by a new 3.6 litre, V6 engine, with Direct Fuel Injection technology, and comply with the Euro IV emission norms. They can run 100 kilometres on less than 10 litres of fuel. Read More...
DriveInside.com | Wednesday December 9, 2009
German auto company Volkswagen (VW) this week bought a 49.9 per cent stake in Porsche AG, for 3.9 billion euros ($5.8 billion). It will complete the acquisition 2011. The move is expected to increase the annual operating profit of the Volkswagen Group by approximately 700 million euros. VW said in a statement that there was a compelling strategic, Read More...
DriveInside.com | Monday November 23, 2009
European auto major Volkswagen is all set to overtake Japan’s Toyota Motor Corporation as the world’s largest automaker. It will acquire German sports car company Porsche, as per an endorsement by both the companies last week. Earlier in the year, Porsche had made an attempt to acquire VW, which finally backfired. The acquisition will take place Read More...
DriveInside.com | Wednesday November 4, 2009
In marked contrast to last month’s Tokyo Motor Show, the Delhi Auto Expo to be held in January 2010 is attracting automakers from all over the world. Media reports say that though there are still two months left for the Expo, the venue – Pragathi Maidan - is already fully booked. The Auto Expo will begin on January 5, and will go on for a week. Read More...
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DriveInside.com | Thursday October 1, 2009
Luxury car maker Porsche launched the Panamera in India last week. The four-door, four-seater sports car is available in three variants - S, 4S and Turbo, and is priced between Rs 1.44 crore and Rs 2.05 crore (ex-showroom, Delhi). It comes with a front-engine configuration, unlike most of Porsche's other sports cars, which have a rear or a Read More...
DriveInside.com | Tuesday September 29, 2009
German luxury car maker Porsche will be launching its luxury sedan, the Panamera, in India on October 6, 2009. The Panamera was unveiled at the Shanghai International Auto Show in April this year. It is expected to be priced at approximately Rs 2 crore in India. Porsche’s products are imported to India by Precision Cars India, which has already Read More...
DriveInside.com | Monday August 17, 2009
Car company Volkswagen will be merging with German sports car maker Porsche by 2011. VW will initially shell out 3.3 million euros to a buy a 42 per cent stake in Porsche. The firms' supervisory boards announced that after the tie-up, VW's Chief Executive Martin Winterkorn will head both Porsche and VW. The merger is a major victory for VW, and Read More...
DriveInside.com | Monday July 27, 2009
Porsche India will bring its much awaited luxury sedan, the Porsche Panamera, to India in October 2009. The company is planning to sell at least 50 units of the car within this year. Rod Wallace, the Managing Director of Precision Cars India (official importer of Porsche cars in India) said that 13 bookings for the Panamera have already been made Read More...
DriveInside.com | Tuesday April 7, 2009
German luxury car maker Porsche will be launching its premium sedan, the Porsche Panamera, in India in October 2009. The car will be priced in the range of Rs. 1.41 to Rs.2.05 crore and will be available in three variants with a 4.8 litre V8 engine. Rod Wallace, the managing director of Precision Cars India, which imports Porsche’s vehicles in the Read More...
DriveInside.com | Wednesday January 7, 2009
German carmaker Porsche has taken over Europe’s biggest auto company Volkswagen by acquiring more than 50 per cent shares of the company. With this move, Porsche, a family-run company which makes 100,000 premium sports cars every year has taken over a company whose annual production exceeds 5 million cars. Porsche plans to increase its stake in VW Read More...
DriveInside.com | Tuesday November 18, 2008
Porsche AG, the German sports car manufacturer, will launch its four-seat, four-door luxury saloon, the Porsche Panamera, towards the end of 2009. The company has around 650 cars, mostly Cayennes, running on Indian roads at present and it is very optimistic about its future in the country. There are only two Porsche dealers in India right now – Read More...
DriveInside.com | Wednesday July 16, 2008
The Indian subsidiary of luxury car maker Porsche, Porsche Cars India has appointed Mr. Rod Wallace as its new Managing Director.
Mr. Wallace, with nearly 30 years of experience in the industry, would be responsible for overseeing the company's initiatives and operations in the growing Indian market.
Speaking to the press Mr. Wallace that Read More...
DriveInside.com | Friday March 14, 2008
Wolfsburg based Europe’s largest auto manufacturer Volkswagen hoped to become the “best auto manufacturer in the world” with Porsche’s bid for takeover materializing for real.
Mr. Marin Winterkorn, Chairman Volkswagen AG said, “A new automobile enterprise is now taking shape that will open an entirely new era…We know a player is emerging here Read More...
DriveInside.com | Tuesday March 4, 2008
Porsche on Monday announced its plans to lay claim to the majority stakes in Europe’s largest auto manufacturer Volkswagen. Porsche already owns about 30% stake in VW.
The decision would result in an investment of about $15.17 million in Volkswagen and hence increasing the Porsche ownership of shares to above 50% from 30%.
Porsche’s Chief Read More...