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Porsche

Porsche is a German sports car brand owned by the Piëch and Porsche families, and Qatar Holdings. The company was founded by in 1931 by Ferdinand Porsche, an Austrian engineer, and Porsche's son-in-law Anton Piëch, an Austrian lawyer. It is now part of the Volkswagen group, which also makes and markets Audis and Bugatti Veyrons.

Chairman / President

Hans Dieter Pötsch

CEO / Managing Director

Oliver Blume

CFO / Finance Director

Lutz Meschke

Industry

Automotive

Website

Porsche.com

Headquarters address

Porscheplatz 1, 70435 Stuttgart, Germany

Stock Code

FWB:VW

Year founded

1931

last updated:

30 September, 2024

New petrol and diesel engines are being engineered. Photo: Getty Images

Electric & new energy vehicles

New petrol and diesel engines in the works as EV sales stall

Carmakers such as Mercedes-Benz, Audi and Toyota are launching cleaner, more efficient internal combustion engines. Are they here to stay?

11 Dec 2024 - 7:59AM

China-EU relations

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Millionaires and billionaires

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18 Jul 2024 - 4:00AM

Cybersecurity

Shanghai releases white list to expedite overseas data transfers for companies

The ‘general data’ list, covering 64 categories, will enable certain firms to make data transfers overseas without a security assessment.

17 May 2024 - 9:06PM

Shanghai’s white list has made it the first city on the mainland to implement concrete local rules to expedite the flow of general data overseas. Image: Shutterstock

Xiaomi

Xiaomi surprises with lower-than-expected pricing on new EVs

Chinese smartphone giant Xiaomi has launched its much-awaited first electric vehicle, pricing the standard model at 215,900 yuan (US$29,867) to take on Tesla’s Model 3 in the world’s largest EV market.

28 Mar 2024 - 11:43PM

China's economic recovery

Tesla, Porsche chip in as Shanghai allays cross-border data flow ‘sore point’

China’s industrial and commercial hub of Shanghai is seeking to roll out a three-tiered cross-border data flow regulation by March in a bid to address a long-standing ‘sore point’ for foreign firms.

31 Jan 2024 - 4:43PMvideocam

Stocks

Porsche’s investors lose hope of a supercar stock like Ferrari

Prospects for 2024 aren’t looking up, either, with Porsche telling analysts last week that sales volumes would likely be flat.

25 Jan 2024 - 2:41PM

A visitor posed by a Porsche Panamera Turbo S sports car at the Auto China 2020 show in Beijing on Saturday, Sept. 26, 2020. Photo: AP

Millionaires and billionaires

6 of the most expensive celebrity-owned cars ever, from Porsche to McLaren

Ronaldo’s Bugatti Centodieci seems as though it was made for him, Elon Musk is a fan of the iconic 90s McLaren F1, and Beyoncé and Jay-Z found their dream car in the Rolls-Royce Boat Tail

24 Dec 2023 - 5:00AM

Trending in China

Chinese buyers swindled into paying US$3,200 for fake Porsche full of problems

A group of buyers from central China bought cheap Porsche knockoffs and became a source of national amusement after they discovered a litany of problems.

23 Dec 2023 - 7:15PM

Electric & new energy vehicles

China’s BYD launches Dolphin EV in Japan as it seeks to pry open market

BYD, China’s biggest EV maker, has launched its Dolphin compact hatch in Japan, where imported cars account for a small slice of the market. The base model is priced at US$24,560.

20 Sep 2023 - 10:23AM

BYD launched the Dolphin compact electric vehicle in Japan on Wednesday. Photo: Bloomberg

Ukraine war

Porsche converted into military vehicle for Ukrainian commander

A group of Ukrainian volunteers has transformed a Porsche Cayenne SUV 3.0 into a military vehicle. It now has a night vision camera and a Starlink internet system.

8 May 2023 - 11:01AM

The Porsche is just one of the 244 vehicles Car4Ukraine has retrofitted and sent to serve the Ukrainian military. Photo: Car4Ukraine

Crime in Hong Kong

3 arrested as Hong Kong police seize HK$45 million in drugs from two locations

Heroin, cocaine and ketamine taken off the market after narcotics bureau officers raid hotel room and village house.

3 Mar 2023 - 8:32PM

Risk and reward of Hong Kong finance guiding Au’s approach to Asian Le Mans

Antares Au preparing for third season in motorsport with German team driving Porsche 911 GT3 R. First race takes place in Dubai on February 11.

2 Feb 2023 - 9:58AM

Formula One (F1)

10 highest paid F1 racers of 2022, from Max Verstappen to Lewis Hamilton

With the F1 season coming to a close in Abu Dhabi, we look back at who made the most money in 2022, from Lewis Hamilton to Max Verstappen and Daniel Ricciardo

26 Nov 2022 - 1:00AM

Lewis Hamilton, George Russell, Lando Norris and Max Verstappen all raked in big money this year. Photos: @lewishamilton; @georgerussell63; @landonorris; @maxverstappen1/Instagram

Electric & new energy vehicles

How VW and Mercedes’s electric-car ambitions have run into trouble

Delays to VW’s key project and Mercedes’ move to cut prices of its flagship EV have raised doubts over the electrification targets of the German carmakers, who want to usurp the title from rival Tesla.

21 Nov 2022 - 1:56PMvideocam

Mercedes cut the price of its EQS electric car in Shanghai amid slow uptake. Photo: Reuters

Hong Kong

Company that brought Porsche, Blue Girl to Hong Kong launches toy line

Jebsen Group has launched a children’s storytelling toy called Toniebox in Hong Kong and hopes to bring it to China’s multibillion-dollar toy market.

17 Oct 2022 - 12:01PMvideocam

Luxury cars

Is the Porsche 911 the world’s most timeless sports car?

The much-loved sports car has stayed faithful to its distinctive look for decades, while Ferraris and Lamborghinis are continually replaced with newer models

11 Aug 2022 - 6:01PM

Luxury cars

Inside Khloé Kardashian’s multimillion-dollar car collection

The Kardashian-Jenner family members love their cars, and spend on luxury vehicles like Rolls-Royce, Mercedes, Ferrari and Lamborghini … so which models does Khloé favour?

5 Jul 2022 - 11:20AMvideocam

What cars does Khloé Kardashian have in her garage? Photo: @khloekardashian/Instagram

Automotive industry

Opinion | Why Bugatti’s sale marks the end of petrol cars

The luxury hyper car maker is veering into new territory as it partners with Bulgarian EV maker Rimac – so how will this change things for the multimillion-dollar car maker?

8 Jul 2021 - 4:20PM

South Korean celebrities

5 K-pop stars with crazy expensive cars: who owns the most OTT motor?

G-Dragon owns three limited edition supercars, while Exo’s Chanyeol and Girls’ Generation’s Yoona both drive envy-inducing models – but who has the most expensive motor of all?

11 May 2021 - 2:15PMvideocam

Electric & new energy vehicles

Is this the best luxury EV on the market in 2021?

The Mercedes-Benz EQS may not be the prettiest car on the market, but its sleek lines help give it 100km more range than a Tesla, and inside it combines ultra-fancy technology with comfort and refinement

28 Apr 2021 - 4:00AM

The new Mercedes-Benz EQS offers a more luxurious interior and substantially longer range than the Tesla S. Photo: Luxurylaunches

Fashion

AW20 trends: 4 ways fashion brands have responded to the ‘new normal’

As Covid-19 prompts luxury fashion brands to rethink their approach, Hermès, Armani, Dunhill and Boss show off their creative chops with new projects, collaborations, and collections

11 Oct 2020 - 2:41PM

Porsche x Boss embark on a new collaboration while Hermès creates new jobs for artisans. Photo: @boss @hermes/Instagram

Electric & new energy vehicles

Opinion | Does California’s ban on petrol cars spell the end for luxury motor brands?

Tesla’s new Model S Plaid and California’s upcoming ban on the sale of new combustion engines are calls for traditional luxury car brands to radically shift their strategies

29 Sep 2020 - 12:25PMvideocam

Automotive industry

Why Mercedes and Porsche can’t catch up with Tesla

In 2020, a game-changing electric car with touch screens represents luxury more than traditional tailored upholstery

10 Sep 2020 - 6:10AM

Auctions

Ferrari roars ahead at online auctions while Porsche is left on the lot

Most internet purchases don’t cost US$3.08 million, but that’s what one car enthusiast paid for a 1966 Ferrari as online auctions become more popular, but not all supercars are leaving the lot

23 Aug 2020 - 5:05PM

Sold: a 1966 Ferrari 275 GTB went for US$3.08 million, setting a new world record for the most expensive car at an online auction. Photo: Gooding & Company

Luxury cars

Review | The 2020 Porsche 911: still one of the best cars on the road

The Porsche 911 is a true icon of the road beloved by celebrities like David Beckham, LeBron James and Jennifer Lopez – but will the new 8th generation model appeal to purists?

15 Aug 2020 - 6:00AM

Loved by purists for 60 years, the 2020 Porsche 911 Carrera S lives up to its heritage. Photo: Business Insider

Millionaires and billionaires

Does Mukesh Ambani have the biggest luxury car collection in Asia?

The fabulously wealthy of Asia and the Middle East love a full garage – but which billionaire has the biggest collection?

24 Jul 2020 - 12:00PMvideocam

China economy

How China’s young women are driving growth in the luxury car market

Cultural factors, VIP clubs, customisations and long-term value influence Chinese customers who are younger and more likely to be female than in traditional markets

23 Jun 2020 - 11:00AM

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