Porsche's workforce in Zuffenhausen accepted a longer workweek and changes to their future pay so that the factory can build the Mission E.
The classic stereotype about Germans is that they are very fastidious with a preference for making things efficient, clean and well engineered. Stuttgart, home to Porsche and Mercedes-Benz , has another business in the city could show off a little of the country's perceived national character: Mr. Wash. The world's largest carwash, Mr. Wash is so spectacular that its arching two-story business (pictured above) is highlighted in a new video from The Wall Street Journal.
Take that, everyone else who's tried to gather the most electric vehicles in one place at one time. The 2014 edition of the World Advanced Vehicle Expedition (WAVE) has set a new world record with 507 EVs in one parking lot in Stuttgart, Germany over the weekend. The tally has been certified by Guinness World Records, so Montreal will have to try harder.
Investors have canvassed courts in Europe and the US to repeatedly sue Porsche over its failed attempt to take over Volkswagen in 2008 (see here, and here and here), and they have repeatedly failed to win any cases. You can add another big loss to the tally, with Bloomberg reporting that the Stuttgart Regional Court has dismissed a 1.4-billion euro ($1.95B US) lawsuit, the decision explained by the court's assertion that the investors would have lost on their short bets even if Porsche hadn't mi
The sequence of events from 2007 that began with Porsche's secret attempt to take over Volkswagen, and instead lead to Porsche being taken over by VW, continues to instigate lawsuits against the Stuttgart sports car manufacturer. A group of hedge funds that suffered over $1 billion in losses sued the car company in New York. Porsche had publicly stated it wasn't trying to buy VW, the hedge funds in question were shorting VW stock, and when Porsche's actual intentions were revealed, the stock sho
When we see an electric Volkswagen Beetle – aka, the Bug – towing the newfangled electric-powered range extender called an ebuggy, we'll be really impressed. In the meantime, we'll have to be satisfied that the Stuttgart-based ebuggy has been feted for its satellite navigation capabilities, according to Hybrid Cars.
Almost every museum has a private warehousing facility, to hold items that don't fit in its public viewing space or perhaps to hold the originals of works that it doesn't want to risk to the hands of the masses. Jaguar, for instance, calls the secret overflow space it uses for its Heritage Center "Sleepy Hollow."
The difference between an artist and any other person is not about skill or ability to wield whatever instruments are required to render their work, it's about how an artist perceives things around them. So while most of us may look at, say, the front hood of a Porsche and see a hood, an artist may see it as a canvas.
It doesn't seem that long ago that Porsche was a two-car company. But since then, the German automaker has come out with the Cayenne and the Panamera, taking it into new territory – for better or worse. Now that it's part of the Volkswagen Group, sources expect Porsche to begin expanding its lineup even more, and British rag Autocar has what they're calling a comprehensive outline for seven new models in the works at Stuttgart that will arrive over the course of the next four years.
Porsche is not a high volume automaker, and it probably never will be. However, Porsche management feels it can do better than its somewhat disappointing 75,200 sales it last year (ending July 2009), but the increase could be larger than most would reasonably expect. Porsche CEO Michael Macht told Reuters he believes Porsche could sell 150,000 vehicles per year, but the new chief executive doesn't expect sales to double on the backs of the German luxury sports car maker's current lineup.
The first publicly-accessible hydrogen filling station in the German state of Baden-Württemberg opened this week at Stuttgart Airport. The station is being operated by OMV and was built in cooperation with Daimler and chemical supplier Linde. The new station utilizes Linde's ion-compressor technology and supports both 350 BAR and 700 BAR filling. Aside from Honda's FCX Clarity, which stores hydrogen at 350 BAR, most other automakers have moved to 700 BAR storage which allows for a greater r
After a few years of financial windfalls, Porsche is suddenly in need of plenty of capital. The German automaker already received a 700 million euro ($978 million U.S.) bridge loan from Volkswagen in March to stay out of bankruptcy, and it is reportedly in talks with banks to secure 1.75 billion euros ($2.42 billion U.S.) in financing.
These are some confusing times in the automotive world. For the past few years, it seemed as though Porsche was primed to rule the world. It was selling plenty of product, and more importantly, it was quickly gobbling up shares of German juggernaut Volkswagen. Dried-up credit markets and slow sales have conspired to put a big wrench in Porsche's plans, though.
Since Porsche introduced the latest version of its 911 range, hardcore enthusiasts have been patiently awaiting the inevitable higher-performance models while Stuttgart distracts everyone else with special-edition Cayennes and the new Panamera sedan. But now that the latest GT3 has been released, only the most powerful versions await an update. Up next are the track-focused GT3 RS, the force-fed Turbo and the grand-daddy of 'em all, the GT2. The latter variant has just been spied, although you'd