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Porsche CEO hints at Macan GTS, expects brand sales growth to 200K+

Porsche is expecting big things from its little Macan, with CEO Matthias Mueller announcing that not only is a sportier GTS model being considered, but that the CUV will almost certainly help push Porsche beyond its 200,000-unit-per-year sales goal three years earlier than expected.
"We're transferring the genes of the Porsche brand into a new market segment," Mueller said during a speech to kick off Macan production, according to Automotive News Europe. Macan demand should push the brand past 200,000 sales, Mueller said, confirming what we reported back in August. And if Porsche really has a hit on its hands, it is able to boost production of the sporty crossover beyond its initial capacity of 50,000 units, according to the brand's CEO.
Provided that the Macan is the success Porsche hopes it will be, Mueller hinted that the range could expand beyond the initial Macan S and Macan Turbo. "GTS versions have a tradition at Porsche," Mueller said. "We haven't made a final decision yet regarding the Macan, but I'm sure it makes a lot of sense."

Porsche 911 GTS Targa spied at the 'Ring | Autoblog Minute

Spy shots of a lightly camouflaged 911 GTS Targa at the Nurburgring have us musing about what we might get from this upcoming Porsche. Eddie Sabatini reports on this edition of Autoblog Minute. Show full video transcript text [00:00:00] Spy shots of a lightly camouflaged 911 GTS Targa have us musing about what we might get from this upcoming Porsche. The photos were grabbed at the Nurburgring and show a different exhaust system than is on the current car. Like the updated 991 Carrera and Carrera S, this GTS will get a 3-liter turbocharged engine in place of the current 3.8-liter naturally aspirated six-cylinder. And we expect it will make more than the 430 horsepower of the pre-facelift GTS engine. The shots also show off center-locking wheels, [00:00:30] which are likely to make production, and a blacked-out Targa roof bar. We'll have to wait and see if the dark roof bar is camo or an actual production option. The GTS should again be available with two or four-wheel drive and in coupe, convertible, and Targa body styles. For Autoblog I'm Eddie Sabatini. 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. Image Credit: CarPix Spy Photos Porsche Autoblog Minute Videos Original Video porsche 911 gts

Former Porsche execs charged with stock manipulation in Germany

The ongoing indictment of top Porsche executives for alleged stock manipulation during the attempted takeover of Volkswagen has taken years to reach an actual decision, but a trial date has finally been set for October 22. In addition to former CEO Wendelin Wiedeking (pictured above) and ex-CFO Holger Haerter, prosecutors have also added Anton Hunger, who was communications boss at the time, to the list of those charged, according to Reuters. The men purportedly made false statements to investors about plans to acquire 75 percent of VW stock. The prosecutor also dropped charges against Ferdinand Piech and Wolfgang Porsche in the same case, Reuters reports. The two Porsche family members were on the company's board at the time, but investigators found that they had no role in making the false statements. If found guilty, the former Porsche execs could face up to five years in prison. As expected, lawyers for Wiedeking and Haerter have repeatedly denied any wrongdoing by their clients. The investigation into Porsche SE's actions during the failed VW takeover go back to at least 2009 when the firm's offices were raided. Wiedeking and Haerter were eventually indicted in 2012. A Stuttgart court initially dismissed the case for lack of evidence, but in 2014 that decision was reversed on appeal. At the same time, investors have brought multiple civil lawsuits against the company, but none of those cases have been successful.