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Porsche Panamera wagon may appear next year

Following the second-generation Panamera's debut this past summer, it seems Porsche is planning the unveiling of a more practical wagon version next year. Based on previous information, this seems like a strong possibility. Automotive News spoke with anonymous sources at Porsche who said the car will probably be shown at the 2017 Geneva show. This would fall in line with a report that slated the wagon for a 2018 release, which would make sense to reveal the car in 2017. We've also seen a Panamera prototype with a lengthened roof testing at the Nurburgring, indicating that Porsche is working on one that could be close to production-ready. In addition, Porsche's North American CEO confirmed the US will get a Panamera wagon if it reaches production. If it reaches production, the Panamera will be almost without competition in the US. While it would compete with the Mercedes-Benz CLS Shooting Brake, as Automotive News points out, and the Audi RS 6 Avant in Europe, the US really only has one midsize, luxury wagon left on the market it would face-off with. That would be the Mercedes-Benz E-Class wagon. The current generation is only available as the E400, but we expect an AMG E63 model to be official soon. While an impressive vehicle in and of itself, the E-Class still has traditional, upright wagon proportions instead of the sleek, raked shape of the possible Panamera wagon. The E400's 329-horsepower twin-turbo V6 is also a perfectly competent engine, but the standard Panamera packs a 440-horsepower V6, and it only gets more powerful as you move up to the hybrid with 462 and the V8 with 550. All are engines that would likely be available on the wagon. UPDATE: A previous version of this story incorrectly stated that the E-Class wagon was rear wheel drive. It actually comes with all wheel drive standard. The text has been altered for accuracy. Related Video:

Trump reportedly says he wants to wipe German cars off the U.S. map

BERLIN/FRANKFURT — A report that U.S. President Donald Trump has threatened to pursue German carmakers until there are no Mercedes-Benz rolling down New York's Fifth Avenue dented shares in the luxury car manufacturers on Thursday. An excerpt from German magazine Wirtschaftswoche's article, which cited several unnamed European and U.S. diplomats but did not include any direct quotes, could not be independently verified, while a U.S. Embassy spokesman in Berlin referred questions to Washington. The news and current affairs magazine said Trump had told French President Emmanuel Macron in April that he aimed to push German carmakers out of the United States altogether. Macron's administration in Paris declined to comment on the report. The Trump administration last week opened a so-called Section 232 trade investigation into vehicle imports, which could result in a 25 percent tariff on cars on the same "national security" grounds Washington used to impose metals duties in March. This could destroy exports by German carmakers, which control 90 percent of the U.S. premium market and are the biggest European Union exporters of cars to the United States. BMW owns Rolls-Royce, while Daimler has Mercedes-Benz, and Volkswagen controls Bentley, Bugatti, Porsche and Audi. Daimler, BMW and Audi declined comment. Porsche was not immediately available for comment. BMW shares were trading 0.5 percent lower at 0939 GMT, while Daimler and VW's shares were down 1 percent and 1.6 percent respectively, underperforming Germany's blue-chip DAX. Trump has railed against German carmakers before. And in early 2017, in an interview with German newspaper Bild, he said he would impose 35 percent tariffs on imported cars. At the time, the president called Germany a great car producer but said that the business relationship with the United States was an unfair one-way street. Germany's auto industry association VDA says its members exported 657,000 vehicles to North America last year, with total exports of vehicle components, cars, engines, as well as second-hand vehicles totaling 31.2 billion euros in 2016. Imports from the United States to Germany amounted to 7.4 billion euros, meaning a trade deficit of 23.8 billion euros the VDA's latest available figures show. However, German brands also have huge factories in the United States, where they built 804,000 cars last year, VDA said, providing jobs for U.S. workers. Berlin has reacted angrily to the U.S.

Porsche 911 GT1 Evo up for grabs in Monaco valued at $3M

On paper, Porsche didn't do a flagship supercar in between the 959 and the Carrera GT. In reality, it did. Sort of. It was the strassenversion of the 911 GT1, a homologation special based on a spectacularly successful racing car. And RM Sotheby's has a standout example consigned for its upcoming sale in Monaco. What you're looking at is a 911 GT1 Evolution that served as the mid-point in the GT1's development, following the original and followed in turn by the GT1-98 that won the 24 Hours of Le Mans that year. One of just fourteen 911 GT1s held in public hands, chassis number GT1 993-117 won the Canadian GT Championship three years running, and is the only GT1 Evo that was ever registered for use on public roads. RM Sotheby's anticipates that it will fetch between $2.9 and $3.25 million when it crosses the auction block in May, marking the first time that this particular example has come up for auction. That would make it considerably more valuable than the GT1 Evo Gooding & Company sold at Amelia Island in 2012 for $1.26 million, according to Sports Car Market. Of course, the Porsche isn't the only notable item the auction house has lined up for the sale during the Grand Prix de Monaco Historique weekend. There's a pair of 1930s German convertibles – one Mercedes 540 K and one Horch 670 – valued at about the same level as the 911 GT1, a Tucker 48 (~$1.6m), and Niki Lauda's debut March 711 grand prix racer (~$550k). Those are some tempting sets of wheels, and we'll be watching to see how they fare two months from now.