NEWS ABOUT: Porsche

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More About: Volkswagen • auto industry • Germany • merger • mergers and acquisitions • auto racing • Lamborghini • VW Group • sports cars • Miley Cyrus • Hannah Montana • accidental death • European Court • European markets • Ferrari • Audi • Bronx • driving • accident • amusement parks • automaker • celebrity • Los Angeles • General Motors • Europe

Disney World's New Ride: Luxury Speedsters

Lamborghinis, Ferraris, Porsches, and more coming to speedway

(Newser) - From the Pirates of the Caribbean to the Ferraris of Florida—one ride at Disney World will get a lot more horsepower in January. The park plans to add "exotic driving" to its repertoire, reports the Orlando Sentinel . Along with two Ferraris (which go from zero to 60 in... More »

Porsche Stolen in 1988 Seized at Port

Customs agents in Los Angeles find 930 Turbo worth $70,000

(Newser) - US Customs agents in Los Angeles cracked a 23-year-old case when they seized a Porsche 930 Turbo on its way to being shipped to the Netherlands. The sports car had been reported stolen—in 1988. The 1976 red Porsche eluded authorities for more than two decades, reports the Los Angeles ... More »

13-Year-Old Runs Over, Kills Father

Bronx man, 45, was teaching boy to drive Porsche SUV

(Newser) - A 13-year-old Bronx boy accidentally killed his father last night while trying to park the family’s Porsche SUV, the New York Post reports. The family had just eaten at a restaurant, and waiters heard the boy ask if he could move the car. John Cedeno, 45, stood beside the... More »

Porsche, VW to Merge

Luxury maker fails in takeover attempt

(Newser) - Porsche has announced it will merge with Volkswagen after weeks of negotiation between the two German carmakers, reports the BBC. The deal puts an end to Porsche's efforts to take over VW. Porsche already owns a majority stake in the company. While details of the merger remain unclear, VW's individual... More »

Germany's Scheme to Scrap Cars Sparks Sales Explosion

Sales mostly go to small cars

(Newser) - Automakers are running out of gas all over the world—except in Germany. Volkswagen expects to have its best February ever, selling 120,000 cars, while GM subsidiary Opel has sold 40,000, its best month in 5 years, Der Spiegel reports. It’s all thanks to the scrapping bonus,... More »

Miley Gets Wheels: Mom's Old Porsche

Singer wanted a different car for 16th birthday

(Newser) - Barely 16-year-old Miley Cyrus has not only a learner's permit but a car—a Porsche Cayenne, no less. “I didn’t get the one I wanted,” the teen sensation tells Extra, but she admits that her mom’s old car is “a pretty good hand-me-down.” This... More »

VW Gamble Nets Porsche $20B, Wallops Hedge Funds

Short bets could push some European traders to bankruptcy after stock soars

(Newser) - Hedge funds that bet on a dive in Volkswagen shares are nursing some pretty stiff hangovers—to the tune of a possible $20 billion in losses—after the shares soared when rival Porsche announced over the weekend it had secretly acquired a 74% stake in its fellow German automaker, reports... More »

$1.7M Ride Seeks Loving Owners

Bugatti Veyron a thing of beauty, but might spell the end of French company

(Newser) - French automaker Bugatti is betting its business on the fact that 300 people in the world will want to pony up $1.7 million each for its new car, the Veyron. The automobile, which boasts a top speed of 253 mph, has cost VW Group more than half a billion... More »

Car Lovers Pay $5K for a Spin

140-mph ride is too much for one: 'I tossed my cookies,' he said

(Newser) - Car nuts are flying to Los Angeles and coughing up nearly $5,000 to drive a Porsche 997 Turbo. Why the numbing bill? Because Supercar Life, a fantasy camp, lets motorists spend all day driving a host of pricey cars at outrageous speeds. For many, the 140-mph thrill ride is... More »

Porsche Speeds to $225B Euro Empire

VW acquisition would create Europe's biggest car & truck company

(Newser) - The map of Europe's car and truck industry is set to be redrawn with Porsche's likely takeover of Volkswagen, the Financial Times reports. Porsche's board voted to boost the sports car manufacturer's stake in Volkswagen to more than 50% yesterday, only hours after Volkswagen said it would buy a controlling... More »

Porsche Gets Kitchen Cooking

Famous car designer rethinks fridge, more, with focus on man appeal

(Newser) - For wealthy people with nothing better to do than match their expensive cars with their ostentatious kitchens, Porsche has just the thing, the Wall Street Journal's Robert Frank writes. The automaker is one of many luxury businesses trying their hands in completely different industries. Its "man kitchen" sports a... More »

Court Overturns Volkswagen Law, Takeover Likely

Porsche to exercise control in VW

(Newser) - The EU’s highest court today overturned a 47-year-old German law that protected Volkswagen AG from takeover, opening the door for a long-rumored Porsche coup. Porsche already owns 31% of VW, but the law capped their voting rights at 20%. With that impediment gone, “I see Porsche flexing its... More »

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