Articles from Porsche Cars North America, Inc.

Race, IMSA WeatherTech SportsCar Championship, Round 1, Daytona

PCNA sold a record 76,167 new vehicles in the United States

New 911 Carrera S enjoys significant upgrades in performance and standard equipment

Porsche Englewood, Porsche Louisville and Gaudin Porsche of Las Vegas take top honors

Film follows the successful attempt to climb the world’s highest volcano in an extraordinary Porsche 911

Atlanta, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Porsche race cars were a force to be reckoned with everywhere in professional sports car racing during the 2024 season. One for the record books, a Porsche car stood atop the podium in 50 different open competition races. Wins came from behind the wheel in the 963 prototype, the 911 GT3 R, and the 718 Porsche Cayman GT4 RS Clubsport at tracks across the country.

New project seeks to promote women in motorsport

Film follows the successful attempt to climb the world’s highest volcano in a extraordinary Porsche 911

Leduc will replace Ross Dupper who is retiring after leading the organization for nearly 25 years.

Atlanta, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Porsche Financial Services, Inc. (PFS), headquartered in Atlanta, Georgia, has issued its third U.S. auto Asset Backed Securities (ABS) offering of 2024 with a principal amount of $891 million dollars. This follows two auto lease ABS issuances by PFS in August and October.Porsche Financial Services, Inc. is an indirect, wholly owned subsidiary of German luxury car maker Dr. Ing. h.c. F. Porsche AG (“Porsche AG”).Supported by a growing base of loyal investors, the issuance achieved record pricing for an auto transaction in the U.S. ABS market since April 2022, when the industry moved to the I-curve. The AAA-rated securities, issued in the Rule 144A transaction were divided into five tranches, including a floating rate tranche, and backed by a pool of retail sales contracts financing Porsche vehicles. This was also the first time that PFS included a percentage of battery-electric vehicles into the transaction.The transaction was led by Société Générale and supported by Bank of America Securities, CIBC, Truist Bank, and BNP Paribas as book runners. The deal attracted strong subscription levels in each tranche from a growing investor base, comprised of investments funds, asset managers of financial institutions, trusts, banks and corporates.“We are thrilled with the result of our final issuance of 2024,” says Tobias Hausladen, Treasurer & Chief Financial Officer, Porsche Financial Services, Inc., “The successful execution of five deals across our lease and retail installment sales contract programs since May 2023 is a remarkable accomplishment. I am very grateful for the loyal investor base we were able to build over the last 18 months.”Porsche Financial Services, Inc. (PFS), based in Atlanta, Georgia, is the dedicated provider of leasing and financing products for Porsche in the United States. Founded in 1991, PFS provides custom financial solutions and products to Porsche customers and dealers in the United States. In 2012, PFS expanded its North America operations to become the captive finance provider for the exclusive brands of the Volkswagen Group which include Bentley, Lamborghini, and Bugatti. As an integrated premium financial services provider, every new product – whether it be a leasing offer or a service offer – contains the DNA of some of the world’s most exclusive vehicle manufacturers.

Atlanta, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Porsche Auto Insurance (PAI), has launched a new Unlimited insurance product designed for Porsche owners who drive over 10,000 miles a year. The new Unlimited product complements the original Pay-per-mile from Porsche Auto Insurance, providing customers with the option to select a fixed policy premium instead of reporting the vehicle mileage. Porsche owners with multiple vehicles can also select Pay-per-mile or Unlimited for each vehicle on their policy, choosing the insurance that best suits their lifestyle and driving habits.

Porsche is one of the most recognized brands in Car and Driver 10Best history

New version of the exhilarating Taycan GTS and new all-wheel drive Taycan 4 join the lineup

Taycan Turbo GT claims the top spot in the over $100,000 category

Porsche sales experience ranks highest among all premium brands

Fisher became the first mother to travel to space on November 8, 1984

Enthusiast-focused model returns with three pedals, six forward gears, and one transmission

ABB FIA Formula E World Championship

Porsche marks 25th anniversary with double premiere

The motorsport-derived 911 variant debuted 25 years ago

Strong demand sees deliveries to customers in first nine months total 54,083 new cars

The temporary sales environment – called Porsche NOW - offers a unique, convenient and interactive way for customers to experience the Porsche brand.

Porsche remains the leader among luxury brand car owners according to the 2024 U.S. Automotive Brand Loyalty Study

Four decades of growth and innovation in North America

Atlanta, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Porsche Financial Services, Inc. (PFS), headquartered in Atlanta, Georgia has issued auto lease Asset Backed Securities (ABS) in the USA with a principal amount of $850 million dollars. This follows two successful auto loan ABS issuances by PFS in 2023.

World Premiere at 2024 Monterey Car Week

Limited-production model celebrates semi-centenary anniversary of 911 Turbo

“Edith: Volcano Ascent” charts the extraordinary and brutal adventures of a small team in search of a record

The Porsche Technology Apprenticeship Program sets the gold standard in automotive technical training.

The Taycan also earned best-in-class in its segment for the second year in a row.

Stuttgart, July 18, 2024 (GLOBE NEWSWIRE) -- The Porsche Panamera has redefined the luxury sedan segment. It combines a high level of driving comfort with the properties of a Porsche sports car in a unique way. Now two charismatic new variants have been added to the model range. These are cars with different priorities: the Panamera GTS is a dynamic sports sedan that places a particular emphasis on the emotional driving experience. The Panamera Turbo S E-Hybrid is positioned at the very top of the model range as the most powerful, fastest and most luxurious derivative. This top model is the new record holder in the official ranking of the fastest combustion engine and hybrid luxury sedans on the Nürburgring Nordschleife.

Stuttgart, July 16, 2024 (GLOBE NEWSWIRE) -- Porsche has expanded the model range for its first all-electric SUV. The nimble new rear-wheel-drive Macan is joined by the Macan 4S, which will slot in between the existing Macan 4 and the Macan Turbo. Like the two other models introduced at the start of 2024, the 4S is equipped with the electronically controlled Porsche Traction Management (ePTM) system, which distributes the drive power between the front and rear axles around five times faster than a conventional all-wheel-drive system.

Lap time in the future Panamera top model

New record: In Q2, sales up 13 percent year-over-year

Porsche ranks highest among luxury brands in latest J.D. Power Study

John Cappella succeeds Joe Lawrence to lead operations at Porsche Cars North America

Atlanta, June 13, 2024 (GLOBE NEWSWIRE) -- In Sony Pictures’ new “Bad Boys: Ride or Die” film, which is now playing exclusively in cinemas around the world, the 992-generation Porsche 911 Turbo S was given the perfect supporting role in the action-comedy – making this the third time that a sports car from Zuffenhausen has played a part in the hit franchise.

The partnership will dramatically increase the number of available charging stations in the Porsche Charging Service

The new all-electric Macan will be featured at the gaming lifestyle festival

911 Carrera GTS: first ever production Porsche with innovative, lightweight T-Hybrid with newly developed 3.6 liter six-cylinder boxer engine, electrically driven turbocharger and in-transmission electric motor

Cayenne GTS now available to order in the U.S.

Digital world premiere on May 28 at 9 a.m. EST (15:00 CEST)

Porsche and Soho House’s Electric Night of Fashion with Guests Barry Keoghan, RAYE

On Monday afternoon, a parade of rare Porsche models painted the streets of New York City purple in celebration of fashion’s biggest night out - led by the new all-electric Macan.

On Monday, May 6, the brand will host a celebration in honor of fashion and design with Soho House, hosted by Barry Keoghan and featuring a live musical performance by RAYE

As the luxury brand’s first large-scale fashion activation in the U.S., the new all-electric Macan will take center stage on fashion’s biggest night out

Stuttgart/Atlanta, April 21, 2024 (GLOBE NEWSWIRE) -- Porsche is rounding out the Cayenne model line - which was extensively updated last year - with the new, particularly driver-focused Cayenne GTS models.  Available in both SUV and Coupe body styles, both versions are distinguished by a 493 hp twin-turbo V8-engine, performance-focused suspension systems, a high degree of everyday usability, GTS-specific design elements and an enhanced level of standard equipment.

Four new vice presidents have been tapped as the organization builds towards the future

Stuttgart/Mountain View, March 28, 2024 (GLOBE NEWSWIRE) -- Porsche AG and Applied Intuition, a Silicon Valley-based vehicle software supplier, announced a strategic partnership Wednesday. The common goal is the joint development in different fields of automotive software while maintaining software ownership and reducing dependencies on black-box suppliers. This reduces complexity and increases implementation speed. The partnership helps Porsche utilize expertise to develop, deploy, and update vehicle software to provide unique consumer experiences.“Applied Intuition has been an important software partner for us and will help us to better understand software in every part of the vehicle. Testing may then be done software-based and earlier in the development process. With that, we can iterate faster and focus on building the best possible consumer experiences,” said Michael Steiner, Member of the Executive Board Research and Development of Porsche AG. “This additional cooperation will strengthen Porsche's software know-how, complementing and supporting activities within the Volkswagen Group.”In the latest generation of vehicles, software is becoming increasingly important. It is essential to regularly integrate, and update software components purchased from different vendors.“Software and AI development is very different from traditional hardware-driven automotive development,” said Qasar Younis, Co-Founder and CEO of Applied Intuition. “Integrating and updating different software and AI components can be especially challenging, and that is where our expertise comes in as an AI-first software company.”Porsche will use the solution along with software best practices and continuous integration/continuous deployment (CI/CD) processes to deploy and manage software to future vehicles through an off-board platform. A professional set of tools supports the end-to-end software validation, ranging from software-in-the-loop (SIL) to hardware-in-the-loop (HIL) and vehicle testing. The collaboration with Applied Intuition has enabled Porsche to design the software of its future vehicles with specific customer solutions and integrates seamlessly into Porsches successful value-enhancing investments into technology.About Applied IntuitionApplied Intuition is a Tier 1 vehicle software supplier that accelerates the adoption of safe and intelligent machines worldwide. Founded in 2017, Applied Intuition delivers the definitive ADAS/AD toolchain and a world-class vehicle platform to help customers shorten time to market, build industry-leading products, and create next-generation consumer experiences. 18 of the top 20 global automakers trust Applied Intuition’s solutions to drive the production of modern vehicles. Applied Intuition serves the automotive, trucking, construction, mining, agriculture, and other industries and is headquartered in Mountain View, CA, with offices in Ann Arbor and Detroit, MI, Washington, D.C., Munich, Stockholm, Seoul, and Tokyo. Learn more at https://appliedintuition.com.Further information, photo and video material are available on Porsche Newsroom: newsroom.porsche.com. 

Atlanta, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Atlanta. Christine Russell Fleischer has been named Vice President, Customer Experience at Porsche Cars North America – a role she will take up on March 15th.

Returning to Austin for its third year, the brand will spotlight its new all-electric Taycan Turbo S, Macan 4 and Macan Turbo while also curating insightful panel discussions, immersive experiences and a Saturday evening concert for attendees.

Stuttgart, Feb. 19, 2024 (GLOBE NEWSWIRE) -- Porsche is expanding the Panamera model range. After the reveal of the Panamera/Panamera 4 and Panamera Turbo E-Hybrid versions late last year, the Panamera 4 E-Hybrid and the Panamera 4S E-Hybrid will soon complement the portfolio. With this offering, Porsche is responding to the significant demand for efficient and dynamic E-Hybrid powertrains coming from many different markets. Ultimately, the Panamera model line will offer four different variants featuring this progressive powertrain technology.

Aria becomes PCNA’s first vice president of Strategy and Digital Business

Stuttgart/Atlanta., Feb. 06, 2024 (GLOBE NEWSWIRE) -- The new 2025 Porsche Taycan models

Race, IMSA WeatherTech SportsCar Championship, Round 1, Daytona, Florida

Stuttgart, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Porsche is launching its second all-electric model: the new Macan, with powertrains capable of delivering up to 470 kW (630 hp) on any terrain and a high level of day-to-day usability. Sports-car-like performance figures are matched by fast charging capacity of up to 270 kW.

In the 75th year of Porsche, PCNA retailed 75,415 new vehicles selling a new U.S. record

ATLANTA, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Volkswagen, Audi, Porsche and Scout Motors today announced planned implementation of the North American Charging Standard (NACS) for future products in the North American region, beginning in 2025. To enable existing customers with a Combined Charging System (CCS) charging port to access the Tesla Supercharger network—which would greatly expand charging provider choice—the brands are exploring adapter solutions for existing vehicles. This has the potential to expand customer charging access to more than 15,000 Superchargers. This is in addition to the more than 3,800 DC fast charging outlets currently in operation by Electrify America and Electrify Canada.

Deliveries to customers in first nine months total 56,323 new cars across all model lines

Porsche Beverly Hills, Napleton Westmont Porsche and Gaudin Porsche of Las Vegas take top honors

The biggest Porsche gathering ever saw over 91,000 guests attend the Rennsport Reunion

Randall Hayward of Forrest Park, Illinois, wins top prize for the second year in a row.

The slowest, but one of the most popular races in Porsche motorsport history made its comeback

One of the most extreme 911s ever created took to the track for its public debut

Porsche Motorsport unveils Limited Edition for circuit racing

This marks the US public debut of the synthetic fuel in Porsche cars

Porsche ranks highest among premium brand car owners according to the 2023 U.S. Automotive Brand Loyalty Study

Porsche presents the third E-Hybrid variant of the Cayenne

Timo Resch, currently Vice President of Customer, Brand, and Sales at BMW M, will take over as head of Porsche Cars North America

Outdoor theater screening announced for Friday, September 28 in Porsche Park in the Paddock

The App provides guests with an interactive experience during Rennsport Reunion 7

Carrera Cup North America represents current one-make racing at Porsche Rennsport Reunion 7