The sports-car company's CEO feels the need for green speed and is testing electric versions of its Boxster. But he's not letting competitors like Tesla hurry him along. Porsche's focus: performance and a cruising range comparable to that of a sports car today.
Porsche is going hybrid—with plug-in hybrid versions of all its major models, eventually. And yes, that means not just the upcoming 918 Spyder and the 2014 Porsche Panamera S E-Hybrid, but also upcoming versions of the Cayenne, and even the 'sacred' mid- or rear-engine sports cars—the 911, Boxster, and Cayman.
OSNABRUECK, Germany (Reuters) - Volkwagen's sports car brand Porsche will reduce investment spending and cut costs next year to offset lower-than-expected car sales and maintain its high profitability in 2013. "We will possibly delay the one or the other project," Porsche brand chief Matthias Mueller said on the sidelines of the production launch of the new Boxster. He added that vehicle sales next year could be between 5-10 percent below the company's internal target, but they should still be on par with the number sold in 2012. ...
Shares in electric sports car maker Tesla Motors Inc jumped 18% to a record high on Thursday, after surprisingly strong second-quarter results convinced investors the company has found a route to sustainable profits.
Tesla’s shares have more than doubled since it reported its maiden profit in the first quarter of the year — hitting new highs most weeks.
At least seven brokerages raised their price targets after Tesla reported its second profit in a row late Wednesday, by as much as US$69 a share.
FRANKFURT (Reuters) - Investors including U.S. hedge fund Elliott Associates have escalated a legal battle against members of Porsche's supervisory board by seeking 1.8 billion euros ($2.43 billion) in damages from Wolfgang Porsche and his cousin Ferdinand Piech.
Porsche has given its 2013 Boxster S more power and a bigger price tag, but at least the car also looks expensive.Porsche has a new roadster out, the 2013 Boxster S. It's faster, more handsome and more practical than ever before, yada yada yada, they always are.