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Porsche Panamera S E-Hybrid gets $3,400 price cut in Canada

It's about $2,560 to you and me, pilgrim. Porsche is cutting the price of its Panamera S E-Hybrid by $3,400 for our neighbors to the north. In US dollars, that's a haircut of about $2,560. Of course, the premium SUV plug-in hybrid is no bargain, even in Canadian dollars. The sticker price now comes in at C$106,000 for the parallel plug-in hybrid. Granted, the car is a beast, and represents one heck of an effort for the German luxury-vehicle maker to hop aboard the green-car train, however little sales they derive from it. The model delivers 416 horsepower from its V6 gas-powered engine and electric motor. So while that's good for a fuel-economy rating (here in the States, at least) of 50 miles per gallon equivalent (MPGe), the car also has a top speed of 167 miles per hour. Think Montreal to Toronto in two hours and change, if the roads are empty. And not frozen. And have no speed limit. Stateside, the plug-in Panamera has been selling in pretty low volumes. The model, including the gas-powered version, moved about 4,200 units through the first 10 months of the year, or about 10 percent of Porsche's total. Through October, sales of the plug-in only were down 55 percent from a year earlier to just 358 units, so one shouldn't expect a flood of them to be sold because of the three-percent discount. Still, a price cut certainly beats a snowshoe to the head. Take a look at Porsche's press release below. Porsche Canada realigns pricing of its plug-in premium sports sedan 2016 Panamera S E-Hybrid now starts at $106,600 MISSISSAUGA, ON, Nov. 9, 2015 /CNW/ - Porsche Canada announced today that it had lowered the starting price of the Panamera S E-Hybrid for 2016 model year, effective immediately. The first plug-in hybrid vehicle in the luxury segment will now be offered starting at $106,600 – a reduction of $3,400 compared to the 2015 model year. This adjustment effectively brings the price in alignment with that of the Panamera S. Now, the Panamera S E-Hybrid represents an even more compelling choice in the segment, offering such quintessential Porsche traits as style, performance, quality, and impressive efficiency of its advanced powertrain. The hybrid tradition at Porsche extends back to the year 1899 and to the Lohner Porsche – the world's first vehicle to have a battery-powered electric drive as well as a combustion engine, which was designed and built by Ferdinand Porsche.

Horn, Hackenburg, Hatz to be fired as VW diesel scandal deepens

Volkswagen will sack three more high ranking executives, including the head of its US division, as the company's diesel scandal deepens. Reuters reported Thursday morning that the executives are: Michael Horn, who has led VW's US operations since January 1, 2014; Ulrich Hackenberg, who oversaw Audi's research and development; and Wolfgang Hatz, who was in charge of R&D for Porsche. A VW spokesman wouldn't comment in response to an Autoblog email. The moves come in the wake of longtime VW chief executive Martin Winterkorn stepping down on Wednesday. Volkswagen's board said at the time that it expected more personnel changes to follow. Volkswagen's board is scheduled to meet Friday, and Porsche CEO Matthias Muller has reportedly been named as Winterkorn's successor. The German auto giant was plunged into crisis last Friday when the EPA charged that the company manipulated software in its diesel-powered cars to pass US emissions tests. About 482,000 vehicles in the US are affected, and VW estimates 11 million around the world could have the rigged software. The revelations have prompted outcry from governments and regulatory agencies, and in the US, Volkswagen could face a fine of up to $18 billion. The departure of Horn, Hackenberg, and Hatz is a stunning downfall for three of the company's top and most visible executives. Horn had led US operations for less than two years, taking over from Jonathan Browning, who was well-respected but failed to reach VW's ambitious sales targets. Before overseeing Audi R&D, Hackenberg was hailed as a visionary for work in developing VW's modular architectures, which allow the company to save time and money by building many vehicles off the same chassis. Hatz had led Porsche R&D since 2011 and also was in charge of engines and transmission development for all of Volkswagen. Related Video: News Source: ReutersImage Credit: Getty Images Government/Legal Green Hirings/Firings/Layoffs Audi Porsche Volkswagen Emissions Diesel Vehicles vw diesel scandal vw diesel ulrich hackenberg michael horn wolfgang hatz

Porsche Cayman GT4 Clubsport delivers track-only thrills for $165K

Among the cars on display in Los Angeles, production and concept cars are normal. Racers, though, are rather rare. And race-specific models that can be had for less than $200,000 are more or less unheard of. Don't tell that to Porsche, though, because the German automaker has introduced the new Cayman GT4 Clubsport for the relatively reasonable sum of $165,000. For that supercar-worthy price, you'll be getting a number of race-derived parts. As we covered in our preview post, that will include a strong roster of safety equipment, including a full roll cage and six-point harnesses that will keep you pinned in a purposeful racing bucket. The standard 18.5-gallon fuel tank can be replaced with an optional 26.5-gallon setup, while a central fire extinguisher keeps things from getting too hot out on the track. Mechanically, the Clubsport adjusts the Cayman GT4 formula for the track. The road car's 3.8-liter flat-six engine is still mounted amidships, but it's paired with super-quick, six-speed dual-clutch transmission, the critically acclaimed PDK. It's the suspension, though, that sees the most dramatic changes, as Porsche has pressed the front and rear strut suspension from the 911 GT3 Cup into duty for the GT4 Clubsport. The new system is lighter, and contributes to the track star's 2,866-pound curb weight. That's nearly a 100-pound drop over the road car. A set of four 15-inch steel rotors clamped by six-piston calipers up front and four-piston units in the rear should deliver stopping power as impressive as the cornering and acceleration. Amateur racers interested in the new coupe can purchase it directly from Porsche Motorsports North America for competition in the 2016 racing season. Homologation is still being hammered out, but Porsche expects the GT4 Clubsport to be certified for the "VLN Long Distance Championship Nurburgring, the Ultra 94 GT3 Cup Challenge Canada, the PCA Club Racing Cayman GT4 Clubsport Trophy East as well as for other club-level competition events around the world." Read on for the official press release. New Porsche Cayman GT4 Clubsport for the racetrack World premiere in Los Angeles LOS ANGELES, Nov. 18, 2015 /PRNewswire/ -- Porsche has added a new sports car for amateur and club racing to its Motorsports fleet: The Cayman GT4 Clubsport celebrated its world premiere today at the Los Angeles Auto Show.