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For 1973, Porsche realized that they needed to up the ante in order to remain competitive on the racing scene. The rules at that time stipulated that manufacturers had to produce (homologate) a certain number (500) of identical cars for them to be accepted for production car racing. To this end, they created the Carrera RS (Rennsport) 2.7. This was basically a lightened version of their existing 2.4 litre 911S with a larger 2.7 litre engine. The Carrera name referenced their earlier class victories with the 356 in the Carrera Panamericana races in the 1950s and the RS stood for Rennsport (literally, race sport in German). It was offered in both Lightweight and Touring versions. Though a one-year only model, in total, 1,580 were produced and they have become the most sought after 911s of all time. Then, for 1974 (for all markets other than the U.S.), Porsche offered a new top-of-the-range model, the 911 Carrera 2.7. This was essentially identical to the 1973 Carrera RS, both mechanically and bodily, with the same widened arches. The main difference being the new-for-1974, federally mandated, impact bumpers. Even with these however, it still weighed in at exactly the same weight as the RS Touring version (1,075 kg) and therefore had identical performance and handling. (In fact, Porsche wouldn't build a faster normally-aspirated production model until 1988!!) The Carrera 2.7 was built in very limited numbers until production ceased in 1976.

The car offered here is one of only 508 examples built for 1975 and was delivered with a factory sliding steel sunroof. Finished in Grand Prix White with black interior, it was sold new in Italy where it remained with its original owner until 2012 when it was sold to an Austrian collector before coming to the States in 2013. It is in superb condition throughout and is very strong mechanically. The engine is the correct 911/83 motor type (as fitted to the '73 RS) but is from a 1974 Carrera 2.7. So, it is the exact same type of engine as was fitted to the car originally, just not the one that came with the car. It was recently serviced, with receipts for over $6,000. Currently on an EU title, the car is located in Los Angeles, California with US duty paid.

With Touring versions of the 1973 Carrera RS regularly selling for well in excess of $400,000, these fractionally younger but virtually identical twins currently represent an incredible opportunity to own one of the greatest Porsches built, for a fraction of the cost.

For further information, please call +1-310-593-2080. This car can be viewed on my website, kastnerandpartnersgarage dot com and is available for sale locally. I reserve the right to end the auction at any time. Thankyou for looking.

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

Tue, 18 Jun 2013

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.

Volkswagen, Bosch reach diesel settlement worth $1.6 billion

Wed, Feb 1 2017

Volkswagen Group of America and automotive parts maker Bosch reached a settlement in which the two companies will pay a combined $1.6 billion because of their roles in the automaker's diesel-emissions scandal. VW, Europe's largest automaker, will pay about $1.2 billion to either repair or buy back vehicles. Bosch said separately that it will pay more than $300 million to owners of diesel-powered Volkswagens, Audis, and Porsches. The settlement stems from emissions issues related to about 78,000 VW-made cars and SUVs with 3.0-liter V6 diesel engines that were sold in North America. VW will recall and repair about 58,000 vehicles made for the 2013-through-2016 model years. The company will also buy back, offer a trade-in credit, or terminate the leases for about 20,000 cars for the model years 2009 through 2012. The older impacted models are the Volkswagen Touareg and Audi Q7, while the newer ones are the Touareg and Q7 as well as Audi's A6, A7, A8, A8L, and Q5 models, and finally the Porsche Cayenne Diesel. Previous reports estimated the payout at closer to $1 billion. The US settlement follows one reached last year between VW and US regulators in regards to VW's 2.0-liter diesel engines. That settlement was estimated to cost VW about $15 billion and impacted owners of about 500,000 vehicles. VW has had a stop-sale on its diesel vehicles in the US since late 2015 after it was discovered that VW installed software in its diesels that allowed those vehicles to cheat emissions-testing systems. VW on Wednesday also reiterated that it would contribute $225 million towards environmental-remediation efforts in the US. Volkswagen of America CEO Hinrich J. Woebcken, in Wednesday's statement, said that "we will continue to work to earn back the trust of all our stakeholders and thank our customers and dealers for their continued patience as this process moves forward." Related Video: News Source: Volkswagen via Automotive News-sub.req.Image Credit: Shannon Stapleton / Reuters Government/Legal Green Audi Porsche Volkswagen AutoblogGreen Exclusive Emissions Diesel Vehicles vw diesel scandal scandal settlement

Fatal Tesla Autopilot crash, Porsche debuts 2017 Panamera | Autoblog Minute

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A roundup of this week's car news includes the first fatal Tesla Autopilot crash and Porsche's reveal of the 2017 Panamera. Senior Producer Chris McGraw reports on this edition of Autoblog Minute. Show full video transcript text [00:00:00] A motorist is killed while using Tesla Autopilot. In what is believed to be the first fatal accident involving Tesla's autonomous driving feature, the Model S failed to stop when a tractor trailer drove across the highway perpendicular to the Model S, and the car drove underneath the truck. Tesla said the trailer's white paint set against the bright sky were the reason the driver and the Autopilot didn't stop the car. Tesla also called this accident a "tragic loss," and pointed out that it's the first death involving Autopilot in more than 130 million miles. The National Highway Traffic Safety Administration [00:00:30] has opened a preliminary evaluation of Tesla's Autopilot. Its evaluation will look at the design and performance of Autopilot during the crash. Find more details at Autoblog.com. The 2017 Porsche Panamera made its official debut this week. With a clear styling link to the Porsche 911, we think this is the best looking Panamera yet. The new Panamera's body is made mostly from aluminum, minus some high-strength steel and optional large panoramic roof overhead. A completely new range of engines powers the second-gen Panamera, starting [00:01:00] with a twin-turbo 2.9-liter V-6 that puts out 440 horsepower and 405 pound-feet of torque. The Panamera Turbo boasts a 4.0-liter, twin-turbo V8 with 550 hp and 567 lb-ft. Both the 4S and the Turbo come with standard all-wheel drive and an eight-speed PDK dual-clutch automatic transmission. Porsche is claiming that this Panamera set the Nurburgring record for a production sedan finishing just 14 seconds quicker than the outgoing model. We expect to see the 2017 [00:01:30] Porsche Panamera hit deals in January of 2017. Find more details at Autoblog.com. I'm Chris McGraw. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. Porsche Tesla Autoblog Minute Videos Original Video

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