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Winterkorn steps down as CEO of Porsche SE

Martin Winterkorn's departure from all things related to the Volkswagen Group is nearing completion. After having stepped down as chairman of the automaker's executive board nearly a month ago in the wake of the automaker's diesel emissions scandal, he's now leaving the direction of the company's principal shareholder, as well. After VW acquired Porsche (the automaker) several years ago, and in turn was principally acquired by Porsche (the holding company), the latter installed Winterkorn as its chief executive officer in order to cement ties between the parties. He's served as chairman of the executive board (German-speak for CEO) at Porsche Automobil Holding SE ever since, but he's now officially resigned from that position. In his place, the holding company has named Hans Dieter Potsch as its new chief exec. Potsch was also recently named as chairman of the supervisory board of the Volkswagen Group, having served until now as CFO of both VW AG and of Porsche SE. Winterkorn's principal successor at the helm of daily operations at VW is Matthias Muller, formerly CEO of the Porsche auto brand and now CEO of the entire VW group. The development brings Winterkorn's exit closer to completion. However the departing executive still, for the time being, remains at the head of group divisions Audi, Scania, and Truck & Bus GmbH. We don't expect it will be much longer, however, before he formally resigns from those chairmanships as well. Related Video: Porsche SE: Prof. Dr. Martin Winterkorn ceases function as member and chairman of the executive board Successor as chairman will be chief financial officer Hans Dieter Potsch Stuttgart, 17. October 2015. Porsche Automobil Holding SE, Stuttgart ("Porsche SE"), reached an agreement with Prof. Dr. Martin Winterkorn that he ceases his function as member and chairman of the executive board of Porsche SE by the end of October 31, 2015. Dr. Wolfgang Porsche, chairman of the supervisory board of Porsche SE, thanked Prof. Dr. Winterkorn for the successful work in previous years: "Prof. Dr. Winterkorn assumed office as chairman of the executive board of Porsche SE in a difficult situation. He played a significant role in transforming our company into a highly professional investment holding. I would like to express my gratitude on behalf of the entire supervisory board." Hans Dieter Potsch, chief financial officer of Porsche SE, was appointed by the supervisory board to succeed Prof. Dr.

Porsche turns up boost on 911 range with new Turbo and Turbo S

You didn't honestly think Porsche would stop with just a turbocharged Carrera and Carrera S, did you? No, that'd be silly. Of course Stuttgart had to follow up those two smash hits with a new Turbo and Turbo S. Naturally, both cars build on the 370-horsepower Carrera and 420-horsepower C2S. The base Turbo offers 540 horsepower and starts at $160,195, while the Turbo S packs 580 horsepower and demands an extra $28,900. Adding a folding fabric top to either model will drive the cost of entry up by $12,300, regardless of output. For those keeping track at home, that's a 20-horsepower bump for both vehicles over the previous models, while the Turbo's price jumps by $8,100 and the Turbo S will cost an extra $5,400. In terms of actual performance, the Turbo hits 60 in just 2.9 seconds and will carry on to 198 miles per hour, a one-tenth and three-mph improvement over the current car. Going for the Turbo S will only shave a tenth of second off the 60-mph sprint, although you'll pick up an extra seven mph on the top end. That compares favorably to the current car, which takes 2.9 seconds to get to the magic six-oh and stops accelerating at just 197. The stopwatch improvements are only part of the story. Porsche claims the new dynamic boost function will maintain turbo pressure during sudden throttle load changes, like you might experience when pushing the 3.8-liter, twin-turbocharged flat-six hard. That means snappier throttle response. As with the current 911 Turbo and Turbo S, Porsche's excellent dual-clutch transmission is the only way to fly. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Both cars also get Porsche's Sport Chrono Package and Porsche Active Suspension Management as standard, while upgrading to the Turbo S will add Porsche Dynamic Chassis Control and carbon-ceramic brakes. While there's lots of free hardware, we're betting Porsche's options catalog will remain just as robust. As for the design, you can expect the same look shown on the new, turbocharged 911 Carrera, albeit with some Turbo and Turbo S exclusives. 20-inch wheels are standard, with super-wide rubber in the back – Porsche doesn't list tire specs, but the rear hoops are 11.5-inches wide. Both the 911 Turbo and Turbo S will get their big debut at the 2016 Detroit Auto Show. Naturally, we'll have much more then, including live photos from the show. In the meantime, read on for the official press release from Porsche.

Porsche wants a better 'connected car' [UPDATE]

UPDATE: In an earlier version of this story we mistakenly identified Joe Lawrence as the CEO of Porsche Cars North America; Lawrence is in fact the Chief Operating Officer, COO, of PCNA. The text has been changed to reflect this. Porsche is known for great engineering, but it's usually the type that leads to fantastic engines and sublime handling, rather than cutting-edge infotainment systems. The company wants to alter that balance in the future to put a greater emphasis on connectivity in its models. Porsche Cars North America COO Joe Lawrence outlined the brand's goals during a speech at the Bloomberg Innovation Forum in Atlanta, according to Automotive News. "Recognizing the phone is so ubiquitous in every sector, how do we integrate that into driving experience in a way that is safe and enjoyable?" he said. Lawrence suggested the company might be working with Google and Apple on future solutions. Even if Porsche is working on making more tech savvy models, don't expect the company to forget its roots. Brand boss Matthias Muller also broached connectivity during his recent speech at a conference and said the sports car business' customers didn't want "a smartphone on four wheels." He promised investments in research and development to come up with an answer. In the same speech, Muller strongly suggested fully electric Porsche models were on the way and also announced a seventh model line coming in the future. Lawrence reiterated the company's future, as well, in his address. "We will see further electrification of our product line," he said, according to Automotive News. Rumors of Porsche building a Tesla-fighter have been circulating as of late. The vehicle is possibly in the body of the smaller Panamera called the Pajun, and it could offer a 300-mile range with an electric motor at each axle kicking out a reported total of 600 horsepower. Related Video: