Essex County Juvenile Arrested for Carjacking Porsche in Cranford
Cranford, NJ – The Cranford Police Department has charged a juvenile from Essex County with carjacking, concluding a six-month investigation into a violent motor vehicle theft that occurred in September 2023. The…
Porsche SE expects net liquidity at year-end in upper forecast range
BERLIN (Reuters) – Porsche SE said on Monday that net liquidity had improved to a deficit of 5.8 billion euros ($6.20 billion) as of the end of September from minus 6.7 billion…
Newark Car Thief Captured in Yonkers Police Sting in Stolen Porsche
YONKERS, NY – A stolen 2021 Porsche Macan, reported missing from Great Meadows, New Jersey, was successfully located and recovered in Yonkers earlier this week. The Yonkers Police Department was alerted to…
Man Killed While Driving Porsche Was Targeted Hit, Police Say
ARNOLD, MARYLAND — Tragedy struck late last night when Anne Arundel County Police discovered Forrest Allen Ryan, a 38-year-old man from Chester, Maryland, fatally shot in a vehicle accident. Responding to a…
Man Found Dead in Porsche Crash Had Gunshot Wound, Police Say
ARNOLD, MD — On October 30, at around 10:10 p.m., Eastern District officers were dispatched to a vehicle collision at the intersection of Kimwood Road and Driftwood Court. Upon arrival, officers found…
Car Thief Swaps Stolen Hyundai for Porsche In Wall Township
WALL TOWNSHIP, NJ – A car thief driving in a stolen Hyundai traded his car for an upgrade overnight. Early this morning, he entered a home in Wall Township, stole the keys…
Porsche: deliveries up in every region but China in first 9 months of 2023
BERLIN (Reuters) – Porsche said on Friday that deliveries worldwide for the first nine months of 2023 were up 10% on the year, reaching 242,722 vehicles, with growth seen in every region…
Volkswagen’s family ownership not behind share price trough – Wolfgang Porsche
By Jan Schwartz MUNICH (Reuters) – Volkswagen’s languishing share price, which is near a three-and-a-half year low, is not the result of ownership control by the Porsche and Piech families, one of…
Teen Captured in Porsche Reported Stolen from Wawa
MANAHAWKIN, NJ – On Thursday, July 13, the Stafford Township Police Department received a report of a motor vehicle theft from the Wawa gas station located at 320 Rt. 72 E. in…
Porsche CEO: There is no conflict between e-mobility and e-fuels
WOLFSBURG (Reuters) – Porsche CEO Oliver Blume characterised the debate over e-fuels as “emotional” and said there was no conflict between electrification and building out e-fuel production during a press call on…
Five Chinese nationals busted for forgery, identity theft at New Jersey Porsche dealer
Four Chinese nationals and a woman tried to lease a Porsche from a Bergen County dealership using a stolen NYC driver’s license. Yuxian Li, 32, a woman, accompanied by Jhong Chen, 23;…
Porsche shares fall below IPO pricing
By Lucy Raitano LONDON (Reuters) – Shares in sports car brand Porsche fell below its listing price on Monday, the third day of trading since its $72 billion listing by parent company…
German court rejects investors’ damages claims against Porsche SE
BERLIN (Reuters) -A German court on Friday rejected claims by investors for billions of euros in damages over a failed attempt by Porsche SE to take over Volkswagen. Porsche SE’s Oct. 2008…
Factbox-The structure of the Porsche IPO
FRANKFURT (Reuters) – Shares in sports car maker Porsche AG, maker of the iconic 911 model, started trading in Frankfurt on Thursday in what marks Germany’s second-biggest ever listing. Here are key…
The long, winding road to Volkswagen’s Porsche IPO
FRANKFURT (Reuters) – Shares in Volkswagen’s sportscar brand Porsche started trading on Thursday in what marks Germany’s second-largest listing ever as well as a new phase in a sometimes fraught relationship between…
CEO Blume hails ‘historic moment’ as Porsche AG lists on Frankfurt exchange
FRANKFURT (Reuters) – Porsche AG Chief Executive Oliver Blume rang the bell and hugged colleagues on what he called the “historic moment” of the luxury car brand listing on Thursday after Germany’s…
Porsche AG shares debut at 84 euros
BERLIN (Reuters) – Porsche AG shares debuted at 84 euros ($81.15) on the stock market on Thursday in Germany’s biggest initial public offering (IPO) in more than 25 years. Books closed on…
VW finance chief: “Today is a good day for Porsche and for Volkswagen”
BERLIN (Reuters) – The listing of Porsche AG gives the luxury car maker more entrepreneurial autonomy to implement its strategy and Volkswagen more flexibility in financing the transformation towards electromobility and digitalization,…
Porsche shares to be issued at 82.50 eur/shr
FRANKFURT (Reuters) – Shares in Porsche AG will be issued at 82.50 euros per share, the top end of an initial range given earlier this month, parent Volkswagen said on Wednesday. Volkswagen…
Porsche IPO books are closed ahead of listing on Thursday – bookrunners
FRANKFURT (Reuters) – The books for Volkswagen’s listing of Porsche AG are closed, a bookrunner said on Wednesday, in line with the previously announced schedule for the initial public offering taking place…
Factbox-The structure of the planned Porsche IPO
FRANKFURT (Reuters) – Volkswagen late on Sunday unveiled the pricing for the planned initial public offering of Porsche AG, giving the luxury sportscar division a valuation of up to 75 billion euros…
Porsche wants to be ready for IPO as early as possible, exec tells Il Sole 24 Ore
MILAN (Reuters) – Porsche AG wants to be ready for a planned stock market listing as early as possible, an executive at the luxury sportscar unit of Volkswagen was quoted as saying…
Five Arrested After Fleeing Police in Stolen Porsche
MONTVILLE TOWNSHIP, NJ – Five people have been arrested after fleeing police in a stolen Porsche at a high rate of speed. After disabling the vehicle, the suspects attempted to flee the scene.…
Deutsche Bank mandated to lead Porsche IPO retail offering – spokesperson
By Emma-Victoria Farr FRANKFURT (Reuters) – Deutsche Bank has been mandated to run the retail offering of Porsche’s upcoming listing, a spokesperson for Deutsche Bank said on Wednesday. As part of the…
Porsche Leads Police on Neighborhood Pursuit Traveling Over 90 MPH
HOLMDEL, NJ – Police in Holmdel had to suspend the pursuit of a Porsche suspected in multiple burglaries and thefts in the area after the driver of that car drove in excess…
The long, winding road to Volkswagen’s Porsche IPO
FRANKFURT (Reuters) – Volkswagen announced its intention to float sportscar maker Porsche on Monday, marking a new phase in a sometimes fraught relationship between the two leading auto brands that goes back…
Breaking News
