1987 Cobalt Blue Porsche 928, Good Condition, Shark Body Style With Moon Roof on 2040-cars

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Porsche Australia price cuts in excess of $36,000 irks customers

Have you ever gone to the store, only to become irked after learning that the new [*insert widget here*] that you bought just last week has gone through a price drop? If you're particularly thrifty, even if it's only a couple of bucks, you probably brought in your receipt to see if the store would issue you a credit for the difference. Now, imagine that the widget in question isn't a minor purchase, it's a Porsche - and the price drop isn't just a few bucks - it's thousands.
That's the unhappy scenario that recently faced a number of Australian luxury car buyers and the uncomfortable conversation awaiting the German automaker. According to GoAuto, Porsche Australia recently whacked up to $36,000 off the price of its models in order to jumpstart sales Down Under - the Panamera range itself saw cuts between $5,500 and more than $36,000. The aggressive price cut was a strategy designed to drive sales of more than 3,000 cars locally, a yearly goal originally set for 2018, but now hoped for as early as 2016.
Australia is known for its comparatively high car prices, so the dramatic price cuts were undoubtedly welcome news to potential Porsche shoppers. However, around 50 existing customers were understandably agitated by the reductions because they purchased their cars just before the adjustments took effect. Not only did they stand to lose out on the deals, they also had good reason to fear that their new cars' residual values would take a beating.

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

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.

Porsche reveals first Macan driving and manufacturing footage

One of the more anticipated offerings of the upcoming year, Porsche's sporty baby Cayenne, the 2015 Macan, has already earned nods of approval from a number of Autoblog staffers. We named it one of the top five debuts at last month's LA Auto Show, citing its 400-horsepower turbocharged engine and other sporty bits as good reasons to get excited about Stuttgart's latest.
And while our first test may be many months away, we're keeping our ears to the ground for any information on Porsche's compact crossover. We're especially keen on stuff like this - our first look at the new model in motion and undergoing assembly at its Leipzig plant. Both are shorter videos, and while there's little of the glorious engine noise we've already been teased with, the videos do offer a great look at the handsome Macan on the road, as well as glimpse at Porsche's state-of-the-art manufacturing operations.
Scope out the videos below and let us know what you think.