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 to appoint Sajjad Khan as board member for Car-IT
BERLIN (Reuters) – Luxury sportscar maker Porsche AG said on Thursday its supervisory board intends to appoint Sajjad Khan, a former chief technology officer at rival Mercedes-Benz, to the company’s executive board…
Porsche expects to make as many electric Macans as combustion versions
BERLIN (Reuters) – Volkswagen’s sportscar brand Porsche expects to produce as many units of its Macan model in the electric version as the original with combustion engine, production chief Albrecht Reimold told…
Porsche and Piech families seek driving seat at Volkswagen – sources
By Jan Schwartz HAMBURG – Volkswagen’s controlling shareholder families aim to keep Europe’s top carmaker on a shorter leash and want greater say over strategic matters in what marks a power play…
Porsche listing plans on track, Volkswagen CFO says
BERLIN – Preparation for a listing of Volkswagen’s sportscar brand Porsche later this year is continuing, with a decision expected in late summer, the carmaker’s chief financial officer said on Thursday. “We…
Volkswagen investors split on whether Porsche IPO should go ahead – Bernstein poll
BERLIN – Volkswagen investors polled by Bernstein Research were split on whether an IPO of sportscar brand Porsche should go ahead after Friday’s announcement of a leadership change at the helm of…
More details in coming weeks on Porsche IPO, CEO says
BERLIN – Volkswagen-owned Porsche will be able to go into more detail in coming weeks on what its agreement with Volkswagen for the structure of a partial listing will look like, Chief…
Porsche Stolen After Owner Leaves Key Fob Inside Car
WESTFIELD, NJ – An individual reported a motor vehicle theft in the area of the 500 block of Springfield Avenue. The vehicle, described as a 2021 black-colored Porsche Macan, was parked at…
Porsche SE says feasibility of sportscar maker IPO depends on market conditions
BERLIN – Porsche Automobil Holding SE cautioned on Friday that the feasibility of a listing of luxury sportscar maker Porsche AG, planned for the fourth quarter of this year, depended on numerous…
Porsche Owner Run Down Trying to Stop GTA in Progress Red Bank
RED BANK, NJ – The owner of a car was in a nearby business in Red Bank when he saw a black male enter his 2021 Porsche Cayenne SUV. The owner ran…
Ukraine war could impact timing of Porsche AG listing, Porsche SE says
BERLIN – The timing of a possible listing of Porsche AG, currently foreseen for the fourth quarter of the year, could be pushed back by the conflict in Ukraine if it drags…
Porsche AG sets more ambitious electric vehicle target
FRANKFURT – Luxury sportscar maker Porsche AG, which parent Volkswagen could float in a partial stock market listing later this year, on Friday set out a more ambitious sales target for electric…
Porsche to suspend Taycan production in Stuttgart-Zuffenhausen plant
FRANKFURT – Volkswagen’s luxury division Porsche will suspend production of its electric Taycan model at the group’s Stuttgart-Zuffenhausen plant until the end of next week, the company said in a statement, citing…
Porsche suspends production in Leipzig over Ukraine crisis
BERLIN – Volkswagen’s Porsche is suspending production at its Leipzig plant until the end of next week as a result of the Ukraine crisis, a spokesperson for the luxury carmaker said on…
Porsche SE weighs selling Volkswagen shares to help fund Porsche IPO-sources
FRANKFURT – Porsche SE is considering cutting its stake in Volkswagen to just above 50% of ordinary shares as one way to generate cash to buy into a potential stock market listing…
Exclusive-VW could issue common, preference shares in possible Porsche AG IPO – sources
HAMBURG – Volkswagen is weighing issuing an equal number of common and preference shares in a potential listing of luxury carmaker Porsche AG and may pay a special dividend to its owners…
Shares in Volkswagen and its top investor rise on Porsche listing hopes
FRANKFURT – Hopes for more clarity around a possible listing of Volkswagen’s luxury Porsche AG division lifted shares in Europe’s largest carmaker and its top shareholder on Wednesday, traders said. Volkswagen shares…
Porsche expects another record year for sales despite chip shortage – Automobilwoche
BERLIN – Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip shortage, its sales chief was quoted as saying by industry magazine Automobilwoche. “When I look…
Suspect in Florida registered Porsche stole Jackson man’s wallet from unlocked car
JACKSON TOWNSHIP, NJ – For at least one criminal roaming Jackson Township, it’s clear crime does pay. A burglary suspect driving in a white Porsche SUV was caught trying to steal a…
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