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Porsche-Piech buy 10% stake in VW's holding company

In August, 2009, as the scuttled merger of Porsche and Volkswagen had gone bad and Porsche was backed up against the ropes, Porsche Automobil Holding SE (PAHSE) relinquished a ten-percent stake in itself to Qatar Holdings as well as options it held on 17 percent of VW shares. The sale meant that, for the first time since the founding of the company 61 years before, an entity outside the Porsche and Piech families had a say in the running of PAHSE.
Buying that ten-percent stake back returns full ownership to the two families, the holding company's sole possession being ownership of 50.7 percent of VW's common shares. The price paid wasn't disclosed, but at market rates the purchase would be worth close to $1.25 billion. Qatar intends to hold onto the 17-percent stake it has in Volkswagen.

2017 Porsche 911 gains AWD traction for its turbos [w/video]

The new 2017 Porsche 911 Carrera 4 (in all its numerous iterations) joins its downsized, turbocharged, rear-drive brethren, but adds the benefit of an electro-hydraulically controlled all-wheel-drive system. These latest additions to the 911 family feature all updates applied to the new Carrera, both cosmetic and functional. The rear-end bodywork is also widened by 1.7 inches, with a light strip running across the tail. There are two engine choices, but either way you're getting a 3.0-liter twin-turbo flat-six. The base version produces 370 horsepower and 331 pound-feet of torque, while the S model cranks up to 420 hp and 368 lb-ft. Then you'll need to choose your transmission: seven-speed manual or dual-clutch. Porsche Active Suspension Management (PASM) suspension comes standard, but the Sport Chrono package (which adds a 918-inspired drive mode selector switch on the steering wheel) is an option. Four-wheel steering is available on 4S models as well. And of course you'll need to choose between body-styles. There are three in all: coupe, convertible, or Targa – each available in either engine tune. Those are largely the same choices you'd have to have made for the previous models, but now they're faster and more powerful, while delivering up to 12-percent higher efficiency. Zero-to-60 times are down 0.3 seconds over the preceding, naturally aspirated models: the Carrera 4 is quoted at 3.9 seconds, and the 4S at just 3.6. Convertible and Targa models add 0.2 seconds to those times, with top speeds ranging from 178 to 189 miles per hour. Pricing for the US starts at $97,295 (with delivery) for the new 911 Carrera 4, and stretches all the way up to $123,595 for the Targa 4S. Don't feel the need to rush your decision though, as the all-wheel-drive 911s won't start hitting dealers Stateside until April of next year. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. THE PORSCHE 911 CARRERA 4 AND 911 TARGA 4 MODELS WITH NEW TURBOCHARGED ENGINES AND ENHANCED ALL-WHEEL DRIVE SYSTEMS ATLANTA, Oct. 6, 2015 -- With the new 2017 911 Carrera 4 and 911 Targa 4 models, the traction advantage courtesy of an enhanced all-wheel drive system is paired with innovative turbocharged engines that are more powerful and consume less fuel than their predecessors.

Watch Jeff Zwart drive his Porsche GT3 Cup Turbo at Pikes Peak in 4K

There are always fantastic videos documenting the Pikes Peak International Hillclimb, but 2015 is giving us an embarrassment of riches. After seeing clips from some of the record-breaking runs this year, possibly the very best is here somewhat belatedly after the rally. Watching master Porsche pilot Jeff Zwart wind his fire-breathing 911 GT3 Cup Turbo up the mountain was definitely worth the wait. Already no stranger to success at Pikes Peak, this year Zwart won the Time Attack 1 Class with a run of 9:46.243. To make the feat more exciting, his Porsche was outfitted with cameras to perfectly capture his entire race up the course. The external shots truly convey a sense of speed and show how the mountain goes from tree-lined at the bottom to rocky with patches of snow at the top. The film's sublime production shouldn't be too big of a surprise, though, because Will Roegge was director, editor, and among the camera operators for the video. In 2014, he put together a great, short documentary about Zwart's preparation for the mountain and the run, as well. This year was yet another success. At a breezy 4.5 minutes, this clip is definitely a must-see, and the entire thing looks and sounds fantastic no matter how your experience it. However, if you have the capability, the video is also available in 4K. Switching over to the high resolution really makes it possible to pick out all of the gorgeous details. Related Video: