Monthly Archives: October 2011

Porsche Continues Very Profitable Year

By   October 28, 2011

This year continues to be a great year for Porsche. In fact Porsche has just announced that they have made a 1.51 billion euro operating profit, that is 25% better than last years profit. The company is doing so well that if they where based in the United States they may have some “occupy” protesters visit them (I’m not making a political statement either way, just pointing out how well the company is doing).
Profitable

In the first nine months of the 2011 financial year,
Dr. Ing. h.c. F. Porsche AG, Stuttgart, achieved an operating profit of 1.51 billion euro, exceeding the comparable previous year’s figure of 1.21 billion euro by 25 per cent. Lutz Meschke, Porsche AG’s Chief Financial Officer verdict on this significant growth was “yet further proof of our company’s high profitability”. As Meschke emphasised, “this result impressively underlines the sustainable quality of our growth trajectory, which we will continue throughout the full 2011 financial year. Our assumption is that 2011 sales revenue and operating profit will significantly exceed the previous year’s levels”.

During the reporting period, Porsche AG’s turnover rose by 20 per cent to 7.93 billion euro. Sales increased by 26 per cent to 85,872 vehicles. The uplift in deliveries was 31 per cent: between January and September 2011 inclusive, 90,972 new cars were delivered to customers. Matthias Müller, Chairman of the Board of Management of Porsche AG, confirmed the forecast for the full year 2011: “For the first time in its history, Porsche will sell over 100,000 vehicles.” As the very attractive model offering is being further enhanced this year with the launch of the new generation of the 911 Carrera this December, the course is set fair for growth, said Müller.

In the first nine months of the 2011 financial year, the Cayenne SUV proved to be Porsche’s most successful model line with sales of 43,924 units, an increase of 74 per cent. The Gran Turismo Panamera managed 18,750 units, up six per cent. For life-cycle related reasons, sales of the 911 declined by twelve per cent to 13,777 vehicles. The Boxster model line generated sales of 9,421 units (minus one per cent). The Boxster accounted for 5,631 and the Cayman 3,790 vehicles.

During the reporting period, growth was spread across all significant regions but with the largest increase again being posted by China, with vehicle sales up 82 per cent to 17,683 units. Total sales in the Asia/ Rest of the World region rose by 54 per cent to 31,954 vehicles. American sales grew by 17 per cent to 24,839 vehicles, 22,307 units (plus 15 per cent) being accounted for by North America. But in Europe as well, the overall growth rate in the reporting period was in double digits with sales of 29,079 vehicles, up eleven per cent. In the German market, sales in the period from January to September 2011 increased by five per cent to 10,422 units.

Vehicle production increased by 38 per cent to 93,799 units. 67,432 new vehicles were accounted for by Leipzig alone: In the first nine months of the financial year, 46,223 more units of the Cayenne, or 86 per cent, rolled off the production line in Saxony than in the same period the year before; in the case of the Panamera the increase was twelve per cent, reaching 21,209 vehicles. The Zuffenhausen factory shipped 15,709 vehicles of the 911 model line, which translates into a six per cent increase. Production of the Boxster model line increased to 10,658 vehicles overall, plus 16 per cent, of which 6,249 units were accounted for by the Boxster and 4,409 vehicles by the Cayman.

As at 30 September 2011, the workforce numbered 14,346 employees, nine per cent more than the balance sheet date on 31 December 2010.

Quoted portions of this post are from the official press release.

Relive Rennsport Reunion IV on SPEED TV

By   October 28, 2011

If you weren’t able to attend Rensport Reunion IV or if you just want to relive it, I have some good news for you. In a couple of weeks SPEED TV will be broadcasting coverage of the event. The coverage will give you the essence of the event and I’m sure all Porsche enthusiasts will want to watch it. You may even want to “Tivo” it, so that you can watch it again and again.

Leh Keen Driving in Rennsport Reunion IV

Leh Keen Driving in Rennsport Reunion IV

Below is the information that we received about the broadcast as well as the times that it will be shown.

Catch all the action of Porsche Rennsport Reunion IV as the triennial event will be delivered right into homes on SPEED TV. The first-ever West Coast appearance of this event was held at Mazda Raceway Laguna Seca October 14-16 with more than 350 of the rarest Porsche race cars competing on the track and an unprecedented field of 1,300-plus Porsches staged in the traditional car corral area.

“Speed TV always has a way of capturing the essence of racing and off-track activities by delivering it to viewers in an entertaining fashion,” said Gill Campbell, CEO/general manager of Mazda Raceway Laguna Seca. “This will be a must-watch program for all motorsports enthusiasts, particularly Porsche fans.”

The Porsche Rennsport Reunion IV will be broadcast on Speed TV the following dates and times (all times are PST):

Sunday, Nov. 13 – noon

Monday, Nov. 14 – midnight

Saturday, Nov. 19 – 1 p.m.

Wednesday, Nov. 30 – 11 p.m.

Thursday, Dec. – 1 a.m.

Leh Keen Chasing Patrick Long – Video

By   October 28, 2011

Today’s video is of current Rolex Sports Car Series GT Class Champion Leh Keen chasing Porsche Works Driver Patrick Long. In the video Leh is driving in a Porsche Cayman R and Patrick is driving a new 2012 Porsche 911 Carrera S. As the two drive around Laguna Seca during Rennsport Reunion IV you get some great shots of the new 2012 Porsche 911 Carrera S.

Derek Bell Celebrates His 70th Birthday

By   October 27, 2011

October 31st is Derek Bell’s 70th birthday. The legendary driver is known as one of the best drivers to ever drive a Porsche. Derek is still a huge fan of the brand that he helped make a racing legend and is known to drive around in his 1981 vintage Porsche 924 Carrera GTS.

Derek Bell

Derek Bell

Derek Bell, one of Dr. Ing. h.c. F. Porsche AG’s most successful works drivers, will celebrate his 70th birthday on 31 October 2011. Born in Pinner, Middlesex, Great Britain in 1941, Bell is considered to be one of the most versatile and popular racing drivers of his time. Matthias Müller, Porsche AG’s Chairman of the Board of Management has this to say about the birthday boy: “Derek Bell made motorsport history with Porsche. Whether it was in a 917, 936 or 956 – he was always one of the fastest and above all most reliable drivers. Derek Bell won the
24 Hours of Le Mans four times for Porsche. He won the world championship twice. For that we owe him our gratitude and great respect.”

Derek Bell began his racing career with Lotus in 1964. In Formula 1 he then took his place on the starting grid for Ferrari in 1969. In the 1971 season he drove the Porsche 917 and 908/03 racing cars for the Porsche-Gulf team, forming a successful driver duo with Jo Siffert. This was followed by appearances in the Porsche 934 and 935 in 1976 and 1977 before Derek Bell took his place on the Le Mans starting grid as a works driver in the 924 Carrera GT. In 1981, together with Jacky Ickx in the Porsche 936/81 Spyder, he won the first of his total of four Le Mans overall victories in a Porsche. 1982 saw the beginning of the Group C era with the Porsche 956 during which time Bell made his mark as one of the most successful endurance drivers of all time. Together with drivers such as Jacky Ickx, Stefan Bellof and Hans-Joachim-Stuck, he not merely won numerous overall victories in the Types 956 and 962 but also the World Sportscar Championship in 1985 and 1986.

Derek Bell remains in close contact with Porsche to this very day, constantly undertaking ambassadorial tasks for the Stuttgart-based sportscar manufacturer, such as for example at the Oldtimer Grand Prix at the Nürburgring or at this year’s Corso to celebrate the 125th anniversary of the car. There’s no question that Derek Bell also remained faithful to the Porsche brand off the race track: To this very day he can be seen on Britain’s roads driving a 1981 vintage Porsche 924 Carrera GTS.

Quoted portions of this post are from the official press release.

Walter Röhrl on His Personal Cars – Video

By   October 21, 2011

Today’s video is of legendary race and rally driver Walter Röhrl talking about his personal vehicles. The video takes place as he is driving in his Porsche 911 Turbo.

Also, as a bonus video I am posting a video showing Walter Röhrl rally driving. This video is of him driving an Audi, but just the images of his feet while he is driving is amazing.

Rennsport Reunion IV Recap – Video and Pictures

By   October 20, 2011

Today Porsche has released a video recapping all of the great action that happened over this last weekend at Rennsport Reunion IV. Those fortunate enough to attend were able to see the new 2012 Porsche 991, Jerry Seinfeld as Co-Grand Marshal, Legendary race car drivers (both past and present) and watch millions of dollars worth of Porsches drive around the track.

Leh Keen Driving in Rennsport Reunion IV

Leh Keen Driving in Rennsport Reunion IV

The video below is narrated by legendary race car driver Derek Bell. You can also see if you notice the above picture of, current Rolex Sports Car Series GT Class Champion, Leh Keen in the video.

In case you can’t get enough coverage about Rennsport Reunion IV, I’ve included a gallery of pictures from the even below.