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 just unveiled the latest version of its Cayman sports car ahead of the 2016 Beijing auto show.
The update re-badges the Cayman as the 718 Cayman — joining the Boxster which was rebranded earlier this year as the 718 Boxster.
Benjamin Zhang/Business Insider
The Porsche Boxster is one of the most successful and controversial sports cars to hit the market recently.
Upon its debut in 1996, many Porsche purists saw its water-cooled engine and mid-engine layout as an affront to brand's iconic rear-engine, then-air-cooled 911 flagship.
MUMBAI: It perhaps has never been so affordable to own a performance car in India. Iconic German sports car makers Porsche and Mercedes-Benz AMG added new, entry-level models to their portfolios, at prices as low as half those commanded by their full-feature performance cars. Tata Motors is building one of its own. Purists may have a problem with some of the stripped-down versions making their way into India — they don't tick all the boxes on performance expected from the road vehicles made for speed — but company executives say these cars suit better for Indian road and driving conditions.
PorscheThe Porsche Boxster is one of the German automaker's most successful and distinctive cars.
And, when it launched 20 years ago, it all but saved Porsche from financial hardship.
Now, the Boxster has a new name and turbo power.
For 2017, Porsche has rechristened the Boxster the 718 Boxster.
Tesla is scheduled to deliver the first of its Model X crossover SUVs to customers next week. The startup carmaker will hold an event at its factory in Fremont, California, September 29, as the first "Signature Series" Model X vehicles roll off the assembly line. CEO Elon Musk will be there, as well as Business Insider, so check back for coverage.
PorscheLast week, Porsche reported the best financial and sales numbers in company history.
Revenue and profits both surged 25% in 2015.
This week, the company's employees received hefty bonuses as a reward for their hard work.
Porsche sold 225,000 cars worldwide last year — hitting the company's goal of selling 200,000 three years ahead of schedule.
DETROIT (Reuters) - Tesla Motors Inc <TSLA.O> won a near-perfect score for its Model S electric car in an annual owner-satisfaction survey conducted by influential magazine Consumer Reports and released Thursday.
PorschePorsche's US business had an eventful year in 2015.
The company opened a new, $100 million headquarters in Atlanta and sold a record 51,756 cars. It also went through a major leadership change when – in November – Klaus Zellmer took over as president and CEO of Porsche Cars North America.
Tesla Motors Inc. (TSLA) will be producing two different models simultaneously for the first time next year. The company is gearing up to roll out its highly anticipated all-electric Model X crossover SUV to sell alongside its Model S at its direct-selling stores.