Despite the global recession and continued economic uncertainty, the world’s premium car brands are enjoying big sales and profits. The reason comes from the emerging markets such as China and Russia where expensive luxury and performance cars are in hot demand.
Ferrari, Bentley and Mercedes-Benz have all announced record profits recently, and now Porsche is joining the fray with the announcement that its profits are up a staggering 59 percent compared with the same period last year.
In the first half of 2011, Porsche was busy generating an operating profit of $1.54 billion USD. There was a 26.3 percent increase in sales to 56,272 vehicles, and with the all-new 2012 Porsche 911 expected later this year, sales figures are expected to continue to climb. Continue reading “Porsche profits up a massive 59 percent” »
is rated at 184 kW between 3,800 rpm and 4,400 rpm and there’s 550 Nm of torque on tap from 1,750 rpm to 2,750 rpm. Shifting gears is an eight-speed Tiptronic S transmission that turns the rear wheels. Performance figures are quoted at 6.8 seconds for the 0-100kph sprint and a top speed of 242 km/h. The new engine features various technological innovations, such as common rail direct injection through piezo valves, electrically controlled variable geometry turbochargers (VGTs), controlled exhaust gas recirculation, oxidation catalyst and particle filter.
engine in the Panamera Turbo. At the same time, torque also increases from 700 to 750 Nm. In the “Sport” and “Sport Plus” mode and during kick-down in normal mode a full 800 Nm is available through ‘overboost.’
