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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:

eGarage video features Helmuth Bott's personal Porsche 959 prototype

"We thought we were going to build a super-911," said Peter Schutz, former CEO of Porsche AG of the development of the Porsche 959. That was before it started getting expensive. At that point, Helmuth Bott, Porsche R&D director got frightened. Costs ballooned because of the all-wheel drive, sequential turbocharging and other technology Porsche had never even thought about when it set out to build a 911 to compete in Group B. Schutz continued, "The amount of resources we were committing got totally out of hand." Instead of pulling the plug, Bott doubled down and drew on the strength of his brilliant team to build a car whose impact is still echoing aross the industry.
"It's probably one of our most prized possessions" says Don Leatherwood, Director of the Brumos collection where Dr. Bott's personal prototype resides, and where Frazer Spowart went to see the car and create a video for eGarage. Check out the sights and sounds of the 959 before it was the 959, and get personal takes on the car from Hurley Haywood, Peter Schutz and Don Leatherwood. Keep reading to see the video.

Porsche 911 GT spied streaking at the Nurburgring

At any given moment, you can bet that Porsche is testing some new version of the 911. When we see those prototypes undergoing testing, they're typically camouflaged, at least in part, to keep us from seeing what Zuffenhausen (or Weissach) is up to. But this particular example is completely undisguised. So what are we looking at, exactly? Well, for starters, it's likely the upcoming facelifted version of the current 911. The current 991 generation has been on the market now for four years, so the 991.2 (or 991.5, perhaps?) will likely be tasked with keeping Porsche's iconic sports car current for several more years to come. This version can be seen with front air intakes similar to those on the Cayman GT4, along with updated headlights, LED strips, new door handles, ventilated rear engine cover, reprofiled rear bumper, fresh taillights, and a new exhaust. The far bigger development is that the updated 911 is expected to ditch natural aspiration in favor of downsized turbocharged engines across almost the entire range – not just in the 911 Turbo. This particular version we see here, however, could be one of the few hold-outs for atmospheric pressure. That's because what we're looking at could be the upcoming back-to-basics version being prepared by the GT division – the same outfit responsible for the 911 GT3, GT3 RS, and Cayman GT4. Possibly adopting the name GT5, this new version of the 911 is anticipated to be the purist's choice: naturally aspirated flat-six, three-pedal manual transmission, skinny tires, no frills. This undisguised prototype appears to be packing a production roll cage and thin, leather-clad bucket seats – splitting the difference between racing buckets and the usual, thicker thrones. We'll have to wait a bit longer until Porsche is ready to release all the details of the refreshed 911, hopefully to include that GT version. But for an unadulterated taste of what's to come, look no further than the spy shots in the image gallery above. Related Video: