Immaculate 1973 911 E - Restored on 2040-cars

Auto blog

Porsche will sacrifice profit growth to fund EV development

Porsche is so serious about developing electrified vehicles that it's willing to sacrifice big jumps in profits to fund the investment. After a massive upgrade to the Zuffenhausen plant, the company will build the Mission E EV (above) there in 2020. "Therefore it's clear that we can no longer carry out major leaps on results," the CEO Oliver Blume said about the automaker's financial growth, according to Reuters. Porsche will invest 1.1 billion euros ($1.2 billion) through 2020 to make additional electrified vehicles possible. Around 700 million euros ($765 million) will go into the Zuffenhausen factory to build a new paint shop, assembly plant, and upgrade the engine factory to produce electric motors for hybrids and EVs. The expansion will also bring all Cayman and Boxster assembly under one roof. Outside of Zuffenhausen, the money will improve the research and development center in Weissach and update the sales and marketing department in Ludwigsburg. Blume said Porsche has "many new products in the pipeline," according to Reuters, and he wants as many of those as possible available with some level of electrification. In addition to the Mission E, there are rumors the company might build a 911 plug-in hybrid as soon as 2018. While Blume doesn't forecast big jumps in profits, Porsche should still remain financially successful in the coming years. The automaker doesn't report its 2015 earnings until March 11, but Reuters reports the company's global deliveries topped 200,000 vehicles for the first time ever last year, which could push its operating profit well above 2014's 2.72 billion euros ($3 billion at current rates). Related Video:

Porsche drops factory FIA GTE Pro racing program for 2016

Porsche has a wide-ranging motorsports program in store for next season, but it won't defend its title in the GTE Pro class of the FIA World Endurance Championship. This according to the road-map it laid out over the weekend at its Night of Champions year-end gala in Weissach. The German automaker enjoyed a massively successful racing season this year. With the 919 Hybrid, it took top honors for both drivers and manufacturers, winning the 24 Hours of Le Mans outright along with five additional races on the eight-round calendar to take both the drivers' and manufacturers' titles. With the 911 RSR, it also won the World Endurance Cup for GT Drivers and for Manufacturers, locking out the bragging rights in the GTE Pro category. Rather than return to defend its two GTE Pro titles, Porsche's GT racing department is essentially taking the year off. Reigning champion Richard Lietz and teammate Michael Christensen will have the opportunity to defend his title, but instead of a GTE Pro ride, they will drive for the Proton Dempsey team in the GTE Am category. They'll be joined at Le Mans by Wolf Henzler and at select points by Patrick Dempsey. That'll still put them in contention for the World Endurance Cup for GT Drivers, but without a works entry from the factory, Porsche will be out of the running for the GT manufacturers' title. The reason behind the rearrangement of its WEC GT program, according to Autosport, is to allow Porsche to focus on development of the next generation of sports racers. It's been the better part of three years since Porsche introduced the current 911 RSR, and though its performance in this year's championship clearly shows that it remains competitive, the thorough trouncing it received at Le Mans from the likes of the Corvette C7.R, Ferrari 458 Italia GT2, and Aston Martin V8 Vantage GTE show that it's not invincible. The all-new model is expected to be based on the latest generation of turbocharged 911s, to replace the current RSR. Over on this side of the Atlantic, Porsche still intends to defend its title in the GT class of the IMSA SportsCar Championship, where the Porsche North America team will field two 911 RSRs. One will be driven by defending champion Patrick Pilet and reigning Le Mans winner Nick Tandy (joined in the longer races by former McLaren factory driver Kevin Estre).

2017 Porsche Macan receives delayed CARB certification

Customers waiting for delivery of their 2017 Porsche Macans will soon receive their vehicles after several weeks of delays. The California Air Resources Board certified the performance crossover for sale Monday. Several outlets reported the certification had been held up in the aftermath of parent company Volkswagen's diesel woes, as regulators are now making much more thorough inspections of the vehicles. Without certification, Porsche could not deliver those vehicles to customers in 13 states that abide by CARB certification, including California, New York, Pennsylvania, and Florida, several of the largest markets for luxury automobiles in America. Not only did dealers need to stop sale of Macans they had on their lots, but an unknown number could not be released from port. Porsche Cars North America (PCNA) imports its vehicles through ports in Jacksonville, FL, Davisville, RI, Houston, TX, and San Diego, CA. A spokesman for Porsche told Autoblog the issue has been resolved, and that the Macans received certification Monday. "Shipping has already been initialized," spokesperson David Burkhalter wrote. Pressed for details on the circumstances behind the delay, he said the process was simply "now the normal business procedure for certification." The Macan is a pivotal model for Porsche, particularly in the US market, which accounts for 22 percent of its worldwide sales. Last year, the Macan was the second-best selling Porsche model in America. Its 13,533 units sold trailed only the 16,473 Cayennes purchased by US buyers. Diesel models of the Cayenne manufactured between 2013 and 2016 contained the defeat devices at the center of Volkswagen's emissions cheating, according to the Environmental Protection Agency. The company offers the Macan with a range of turbocharged six-cylinder engines ranging in output from 340 to 400 horsepower. While a diesel version is not offered in the United States, Porsche has now started importing a less powerful, but more accessible (and slightly more fuel-efficient) version with a 2.0-liter turbo four. Related Video: