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2017 Porsche Panamera leaked looking sporty and sleek

The Internet isn't very good at keeping secrets. Someone got hold of some images of the 2017 Porsche Panamera ahead of its official debut next week and leaked them online. While that's bad news for Porsche, it's good news for the auto-loving masses, because the next Panamera is pretty darn... pretty. While the overall shape of the next-gen Panamera doesn't stray far from the car it replaces, the details make for a more cohesive overall package than before. It's clearly a Porsche, and obviously a Panamera (look, four doors and a hatchback!), but it's no longer bulbous or ungainly. Lighting front and rear is inspired by the latest 718 models, and the sleek bulging hood is apparently hiding a twin-turbo 4.0-liter V8 engine. We expect a range of six- and eight-cylinder engines for production, along with a plug-in hybrid. Inside, the only analog gauge we see is a tachometer, helpfully placed directly in front of the driver. A quartet of digital dials flank the throwback tach, but we can't see much past that. There does appear to be a good amount of space for the rear-seat passengers, along with what looks to be a touch-sensitive control surface at the rear of the center console. We expect similar capacitive buttons for the front occupants, along with a large LCD infotainment screen. Take a look at the images above for an early glimpse at the 2017 Porsche Panamera. And stay tuned for all the details on June 28. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 2017 Porsche Panamera leaked images News Source: Motor1.com Design/Style Porsche Hatchback Luxury Performance Sedan

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.

German automakers' stocks fall as EU investigates collusion

BERLIN/FRANKFURT - Volkswagen will hold a special supervisory board meeting on Wednesday to discuss allegations that German carmakers operated a wide-ranging cartel, a source familiar with the matter said on Monday. The European Commission said on Saturday antitrust regulators were investigating a possible German auto industry cartel following a tipoff. At stake is whether carmakers VW, Audi, Porsche, Mercedes and BMW used German auto industry committees to discuss pricing of components and technologies, and whether such talks constituted anti-competitive behavior. A VW spokesman confirmed an extraordinary supervisory board meeting would be held on Wednesday but declined to give details. German auto stocks took a hit in early trading on Monday, weighed down by uncertainty over possible antitrust fines after European regulators said they were probing cartel allegations. VW shares were down 2.8 percent, with Daimler and BMW down 3.4 percent and 2.5 percent respectively, lagging the blue-chip DAX index, which was 0.7 percent lower. Exane BNP Paribas automotive analyst Stuart Pearson said little was known about the allegations, but no signs had emerged about fixing prices charged to consumers. "More ugly details could yet emerge, leaving German manufacturers - and the EU auto sector - still firmly in the sin bin for now," he added. The car industry has been hit with billion-euro fines on both sides of the Atlantic in recent years for cartels related to various parts such as lighting systems, engine coolers and bearings. The industry's record on exhaust emissions is also under close scrutiny after VW admitted in September 2015 to cheating U.S. diesel emissions tests and investigations have shown many vehicles exceeding pollution limits outside of testing labs. On Friday, German magazine Der Spiegel said VW, its Audi and Porsche brands, Mercedes-owner Daimler and BMW may have colluded to fix prices on components, including of diesel emissions treatment systems, using industry committees. Spiegel said the talks also led to the use of smaller tanks containing AdBlue, a urea-based liquid needed to help filter nitrogen oxides (NOx) from diesel emissions. Larger tanks would have been more expensive, the magazine said. Auto industry experts, however, have said the effectiveness of exhaust filtering systems does not depend on the size of an AdBlue Tank. BMW, for example, has equipped its cars with urea injection as well as a NOx-storage catalytic converter.