Volkswagen agrees to pay �4.46 Billion for rest half of Porsche.

The luxuriously stylish automakers Porsche will now be fully owed by German automakers Volkswagen (VW), as they agreed to shell out �4.46 bn bringing an end to two year old merger plan.

Both the automakers on Wednesday announced plans to speed up the merger process. This acquisition is good for both automakers as it enables them to avoid huge tax bill and to generate synergies faster.

Martin Winterkorn, VW chief executive, declared the combination to be "good for Volkswagen, good for Porsche and good for Germany as an industrial location".

VW aims to permanently surpass General Motors and Toyota to become the world's biggest carmaker by sales by 2018.

Via IBNLIVE

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Know about all New 2011 Porsche Boxster Spyder

The 2011 Porsche Boxster Spyder is Two-door sports roadster .Powered by 3.4-liter flat 6; 6-speed manual transmission or 7-speed dual-clutch automated manual which zaps 0 to 60 m.p.h. acceleration at 4.9 seconds with the 6-speed and 4.6 seconds with the dual-clutch gearbox, according to Porsche estimation.It is estimated to give economy of 29 m.p.g. on the highway and 16 m.p.g in town. The manual transmission does the job well, but it is boosted when it come from the dual-clutch gearbox, especially in Sport Plus mode.

With the Base Price of $62,150, including $950 delivery charge, the Boxster Spyder aims to compete with Audi TTS Roadster $49,725; BMW Z4 sDrive 35is $61,925; Chevrolet Corvette Grand Sport convertible $59,530.

The Boxster symbolized the dawn of a new Porsche, one that was reclaiming its technical leadership. Boxster is 14 years old now, Sales have lagged in recent years, and Porsche is not saying when � or if � the next Boxster will emerge. Perhaps to buy itself some time, Porsche recently released a new top-of-the-line version, the Boxster Spyder.

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There will be 2011 Panamera S Hybrid, confirms Porsche

All major Euro Luxury Car makers are testing and planning to launch zero emission vehicles, in this case Electric Vehicle. Even US Govt. recently proposed bill, commits to have more than half of the running vehicles should be electric.

Now, it's Porsche openly confirmed that the launch of the Panamera S Hybrid is on track for 2011. Though new tech isn't being created for upcoming Panamera but it is being build on  Cayenne S Hybrid platform. That means it will sport a 329-horsepower 3.0-liter V6 engine mated to a 46 hp electric motor. Like the Cayenne S Hybrid, the Panamera's parallel hybrid setup boasts the ability to operate at low speeds under electric power alone.

- 2010 model Photos

Photos copyright �2010 Drew Phillips

PRESS RELEASE

Porsche Develops Research Cars with Electric Drive

Stuttgart. Electric drive will take on an increasingly important role in the further enhancement of Porsche Intelligent Performance. To combine greater efficiency with even lower fuel consumption and emissions, Dr. Ing. h.c. F. Porsche AG, Stuttgart, is working consistently not only on the ongoing development of hybrid concepts already in regular production, but also on practical tests as part of the Stuttgart Model Region for Electromobility, using three research cars with all-electric drive based on the Porsche Boxster.

In the test process, these three electric Boxsters are to provide an initial first important insight into new electric drive components and battery systems for all-electric vehicle drive. This field test intended to also provide further findings on the infrastructure required for electromobility, user behaviour and the demands made of future products, is to start in early 2011.

Michael Macht, the President and Chief Executive Officer of Porsche AG, sees this contribution made by Porsche as absolutely essential: "We will definitely be offering an electric sports car in future. But such a concept only makes sense if it offers product qualities typical of a Porsche."

Porsche has been committed to electric mobility for a long time, thus helping to preserve the environment and save resources in our world: The spectacular concept study of the 918 Spyder high-performance mid-engined sports car with plug-in hybrid combines high-tech breakthroughs in engine technology and electromobility with a truly fascinating range of further qualities. Emissions otherwise to be found only on a super-mini of just 70 g/km CO2 with three litres fuel consumption for 100 kilometres in the NEDC (equal to 94.1 mpg imp), come with the performance of a super sportscar developing well over 600 horsepower.

The hybrid system of the 911 GT3 R Hybrid has been developed especially for racing, with two 60 kW (82 hp) electric motors on the front axle boosting the 480 hp six-cylinder power unit fitted at the rear. Replacing conventional batteries there is an electrical flywheel power storage system re-charged whenever the driver applies the brakes and thus delivering energy to the electric motors. The 911 GT3 R Hybrid has already proven its racing qualities in the 24 Hours of N�rburgring.

Introducing the Cayenne S Hybrid, Porsche also offers the first production car in the range able to run under electric power alone. With maximum output of 380 hp, the Cayenne S Hybrid makes do in the NEDC cycle with just 8.2 ltr/100 km (equal to 34.5 mpg imp), and CO2 emissions reduced to a mere 193 g/km. This hybrid technology will also be featured in the future Panamera S Hybrid due to enter the market next year.

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Porsche's Spyder supercar gets a nod for the Production.

(Bloomberg) Soon Porsche gonna add a new Sports cum Hybrid Car to its Portfolio. Porsche AG's supervisory board approved production of the 918 Spyder hybrid sports car, a model that zaps to 100 kilometers an hour in 3.2 seconds and may top the Carrera GT as the manufacturer's costliest vehicle.

Porsche plans to develop the vehicle at a research facility near Stuttgart, Germany, where the carmaker is based, the company said today. The car will be built at the main plant in Zuffenhausen.

The 918 Spyder, one of three hybrid models Porsche presented at the Geneva Motor Show in March, has attracted at least 2,000 non-binding submissions of interest, people familiar with the matter said. Porsche needs at least 1,000 sales pledges to sign off on building the car, development chief Wolfgang Duerheimer said in April.

�The introduction of hybrids is now happening at all carmakers, with all models and Porsche has above average carbon dioxide emissions,� said Daniel Schwarz an analyst at Commerzbank AG in Frankfurt. �It would also make sense to do it with the Cayenne as you would get the best results as far as carbon dioxide emissions are concerned.�

The supercar may be priced at about 500,000 euros ($650,000), topping the 453,000-euro Carrera GT of which no more than 1,500 units were produced. The 918 Spyder may be introduced as early as 2013, according to Tim Schuldt, an analyst at Equinet AG in Frankfurt.

The two-seater car accelerates to a top speed of 320 kilometers (199 miles) per hour, relying on a 500-horsepower V-8 engine and electric drive-systems that allow the vehicle to run up to 25 kilometers on electric power.

Porsche agreed with worker representations last week on measures to preserve jobs and improve productivity through 2015. The accord includes a pledge to build the 918 Spyder if the car draws sufficient interest, people familiar with the matter said.

Porsche plans to add models with a goal of doubling annual sales to as many as 150,000 vehicles over the medium term, and benefit from savings from a planned merger with Volkswagen AG.

Src: AutoNews

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