Published by Ash December 2nd, 2008
in Porsche China.
The Panemera was recently spotted wafting around Shanghai, so its no wonder that its going to be launched in Shanghai instead of Geneva:
From Autoweek.com
Porsche says it has decided to switch the debut of the Panamera four-door coupe to the Shanghai auto show next April from the Geneva show in early March, as had been planned.
Porsche says the switch reflects the growing importance of China, India and Russia in its global sales strategy. Porsche sold 8,190 vehicles in China in fiscal 2007-2008, more than twice as many as in the previous year.
At the same time, sales fell sharply in the traditional markets of Europe and North America. In Germany, sales fell 5.4 percent from a year earlier to 13,524 units, Porsche said.
Porsche CEO Wendelin Wiedeking says he is hoping for “new market opportunities” and a “stronger presence” in regions like China and the Middle East.
Despite the change in launch venue, Porsche said the driving presentation for the international press still will take place in Germany in June.
Porsche is sticking with its target of selling 20,000 Panameras per year despite the economic crisis. In the text of the company’s financial statement for fiscal 2007-2008, however, Wiedeking offered a qualification.
“In no case will we produce too many,” he said. “In that case, I would intervene myself.”
Reflecting its equity stake in Volkswagen, Porsche generated more pretax profit in the fiscal year ended Sept. 30 than revenue. The company said it had a profit of nearly 8.6 billion euros, or about $11 billion, on revenue of nearly 7.5 billion euros, or $9.6 billion.
Published by Ash November 29th, 2008
in Porsche China.
The upcoming Porsche Panamera was recently seen out wafting around Beijing Shanghai, possibly showing that Porsche have put China amongst their most important markets. The Panerama is expected to be put into production in 2009 in Lepzig, Germany and then limited to just 20,000 cars per year.
Porsche have seen their market explode in China, especially with the Cayenne SUV, which has found itself practically controlling the luxury SUV segment. The Panamera will go up against the Maserati Quattroporte, which has also found itself a niche market for in the super tourer markets, making them a common site in eastern large Chinese cities.
Published by Ash February 27th, 2008
in Porsche China.
Xinhua is reporting that Porsche have to recall 2,561 Cayenne SUVs in China due to a poorly placed fuel line. The Cayenne has proven popular since it was launched in China, China Car Times cannot think of a day when he hasnt seen at least 3 or 4 Cayennes prowling the streets of Qingdao.
BEIJING, Feb. 26 (Xinhua) — Luxury automaker Porsche has started a recall of 2,561 of its Cayenne sport utility vehicles (SUV), Chinese officials said here in a circular on Tuesday.
According to the General Administration of Quality Supervision, Inspection and Quarantine, the vehicle’s fuel line came into contact with the engine block while the car was being driven, The contact could cause a knocking sound and leave abrasions on the fuel line, which could lead to fuel leaks, the circular said.
The automaker said that it would repair the fuel lines for free. The recall will last for 12 months. To date, no injuries or accidents had been reported due to the defect, it said.
Due to the problem, the automaker will recall nearly 19,000 Cayennes worldwide, according to media reports.
Porsche sales in China hit nearly 4,200 last year, up from 2,305 in 2006, said the company.
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