Contract with Lutz Meschke extended
At the close of 2016 the Supervisory Board reappointed Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board Finance and IT, for another five years. Meschke has been a member of the Porsche Executive Board since 2009, and its deputy chairman since 2015. Supervisory Board Chairman Dr Wolfgang Porsche praised Meschke’s work toward ensuring sustainably high profitability.
Order of Merit for Uwe Hück
Uwe Hück, chairman of the general and Group Works Council, received the Cross of the Order of Merit (Verdienstkreuz am Bande) of the Federal Republic of Germany in January for his outstanding commitment. He was congratulated by Winfried Kretschmann, Minister President of the State of Baden-Württemberg: “Your outstanding services to the general good have now received fitting public recognition.” In the words of Chairman of the Executive Board Oliver Blume, “Uwe Hück embodies reliability – he is a tough negotiator but always works for the good of the company and the employees.”
World premieres in Geneva
The Panamera Sport Turismo, Panamera Turbo S E-Hybrid and the new 911 GT3 celebrated their world premieres at the Geneva Motor Show in March. The Panamera Sport Turismo adds a new version of the body to the model line. With a large tailgate, low loading sill, larger luggage volume and 4+1 seating concept, this new four-door car meets high demands for everyday usability and flexibility. The Panamera Turbo S E-Hybrid was another highlight and the first plug-in hybrid to be positioned at the top of a Porsche model line. And the new 911 GT3 presented in Geneva is a racing-based two-seater with systematic lightweight construction – ideal for both the racing track and everyday use.
Community training project in South Africa
Porsche opened a new training centre in Cape Town in March. Over three years, 75 women and men from disadvantaged backgrounds will be trained as mechatronics service specialists. To provide opportunities to as many young people as possible, Porsche is deliberately training more individuals than it needs for its own workforce. South Africa’s Porsche importer LSM Distributors and the Don Bosco Salesian Institute Youth Project (SIYP) in Cape Town are partners in this project. Porsche is providing the rooms, cars, and syllabi, and is also training the instructors.
Porsche Design Group
Porsche Design Group became a wholly owned subsidiary in April. Porsche AG acquired 35 per cent of the shares of Porsche Lizenz- und Handelsgesellschaft mbH & Co. KG (Porsche Design Group) from a holding company owned by the Porsche family. Porsche had already owned the remaining 65 per cent of shares. Porsche Design is a premium lifestyle brand founded in 1972 by Professor Ferdinand Alexander Porsche.
Porsche and Microsoft on the gamepad
Porsche entered into a six-year partnership with Microsoft in virtual racing and electronic games at the New York International Auto Show in April. It will give Porsche a higher profile in the “Forza Motorsport” and “Forza Horizon” series of racing games. This partnership centres around the growing field of eSports, which are contests played out in virtual settings.
Deciduous forests for clean drinking water
Promoting mixed forests over coniferous monocultures: some 5,000 sessile oak trees were planted on 1.5 hectares of land between Rutesheim and Weissach in April. These young trees replaced a spruce forest that had been damaged by storms. Deciduous forests generate an average of 800,000 litres more groundwater per hectare than coniferous monocultures – year after year, for generations. Porsche is thereby supporting a project from the Trinkwasser e.V. association. Another tree-planting event followed in Ludwigsburg in autumn.
New training centre in Leipzig
Porsche opened a new training centre in Leipzig in April. Its modern workshop and seminar rooms plus innovative teaching facilities on 2,300 square metres of space give it the best infrastructure for professional training. Porsche was training more than 120 apprentices in Leipzig in 2017 to be industrial and tool mechanics as well as mechatronics specialists. A dual work-study program will also be offered in mechanical engineering for the first time.
First Porsche site on Sylt
Porsche opened its first site on the island of Sylt in April. Part of a new sales strategy, it includes a showroom, the Porsche Drive rental service, products from Porsche Design and Porsche Driver’s Selection, automotive consulting and a small workshop. Part of the site’s 500 square-metre area will be used to present a changing series of exhibitions.
Siegemund wins Porsche Tennis Grand Prix
Stuttgart-born Laura Siegemund won the 40th Porsche Tennis Grand Prix in late April. In a dramatic final match that lasted two-and-a-half hours, she beat Kristina Mladenovic from France 6:1, 2:6, 7:6. Amidst a shower of golden confetti she climbed into a Porsche 911 Carrera GTS Cabriolet, awarded to the tournament winner. This anniversary year marked the fourth time in a row that players voted the traditional Stuttgart championship their favourite tournament in this category.
Porsche Digital in Silicon Valley
A new site that opened in Santa Clara in Silicon Valley, California, in May will enable Porsche Digital Inc. to build partnerships with technology experts, innovators and venture capital companies. The aim is to identify digitalisation strategies and trends on the US market earlier in order to develop and test solutions for Porsche. Porsche Digital Inc. is expected to employ around 100 people in Santa Clara.
The one-millionth Porsche 911 rolled off the production line in Zuffenhausen on 11 May. It was a Carrera S in the individual colour of Irish Green – in honour of the very first 911 from the year 1963. The 911 remains the strategically most important model in the product range. It plays a key role in making Porsche one of the most profitable carmakers in the world.
19th overall victory for Porsche in Le Mans
Dramatic finish to the 24 Hours of Le Mans in June: Earl Bamber, Timo Bernhard and Brendon Hartley battled back from 56th place and 18 laps behind to take first place overall in a Porsche 919 Hybrid. This is the 19th overall victory in Le Mans for record-holder Porsche, and the third in a row. And any team winning the toughest race in the world three times in succession is allowed to keep the challenge cup.
GT2 RS: world premiere in Goodwood
The 911 GT2 RS – the fastest and most powerful 911 of all time – entered the Festival of Speed in Goodwood (UK). This high-performance sports car has a bi-turbo flat engine that lets it accelerate from zero to 100 km/h in 2.8 seconds. It set a new record for road-authorised sports cars on the Nürburgring-Nordschleife (north loop) with a time of 6:47.3 minutes.
Gewandhaus Leipzig and Stuttgart Ballet
Porsche extended its contract with Gewandhaus Leipzig in June and will support the popular “Klassik airleben” series of open-air concerts in Rosental for another three years. The company has been a “global partner” of the Gewandhaus Orchestra since 2011. It also extended its contract with the Stuttgart Ballet for three more years. Porsche has been the main sponsor of the Stuttgart Ballet since 2012.
Nardò Technical Centre
Fabio Barsotti became Managing Director of the Nardò Technical Centre in Apulia (Italy) in June. The testing and proving grounds have been operated since 2012 by the Porsche Engineering Group GmbH in Weissach, a wholly owned subsidiary of Porsche AG.
Innovation campaign in Israel
Porsche opened an “innovation office” in Tel Aviv in June to identify technological trends and recruit talent. Israel has more start-ups per capita than any other country in the world. Porsche is also investing an eight-figure sum in the Magma and Grove venture capital funds. Magma Ventures concentrates on artificial intelligence and the automotive sector. It is considered one of Israel’s leading funds, with investments in successful start-ups like Waze and a portfolio of 600 million US dollars. Grove Ventures is a capital company with a volume of 100 million US dollars. It focuses on early-stage technologies in the Internet of Things (IoT), the cloud and artificial intelligence.
Gold from J.D. Power
Porsche received top marks from the J.D. Power quality study in June once again, with honours for the 911, Macan and the Leipzig plant. The US-based market research institute’s “Initial Quality Study” gave the 911 the number-one ranking in its segment for the sixth time in a row. The Macan also built on previous successes to take the top position in its segment for the third successive time. In the factory category for Europe/Africa, Porsche’s Leipzig plant took first place and the Gold Award.
Gerd Rupp now head of the Leipzig plant
Gerd Rupp became Chairman of the Executive Board of Porsche’s Leipzig plant on 1 July. He succeeds Siegfried Bülow, who built up and developed the production site over the 17 years of his directorship. Before coming to Leipzig, Rupp spent seven years as the director responsible for tool construction for the Volkswagen brand in Wolfsburg after working for Audi AG in Ingolstadt and Barcelona. Siegfried Bülow stepped down due to reaching retirement age.
Minister President tours production
Winfried Kretschmann, Minister President of the State of Baden-Württemberg, praised the new engine plant in Zuffenhausen on a visit in July. “The newly built engine plant is exemplary in many respects,” he said. “The prudent and forward-looking management of inner-city spaces fosters sustainability, and the involvement of nearby residents shows transparency. These are all important steps toward becoming a role model for climate-friendly mobility.” Kretschmann was also given his first view of pilot production for Porsche’s electric drives.
Porsche appeal for US customers
In July Porsche took first place in the overall rankings of the “Automotive Performance, Execution and Layout Study” (APEAL) from the US-based J.D. Power market research institute for the 13th time in a row. It remains the automotive brand with the greatest appeal for drivers in the US. The 911, Cayenne and Macan also took top honours in their categories. The survey asked more than 69,000 owners of new cars to evaluate 243 models from 33 carmakers in ten categories. In addition to driving dynamics and design, the criteria included everyday practicality and comfort.
Recall for around 21,500 Cayenne Diesels
In agreement with the German Federal Motor Transport Authority (KBA), Porsche recalled Cayenne 3.0-litre V6 diesel cars in the EU6 emissions class. During internal investigations, the company found irregularities in the engine control software and actively passed on these findings to the KBA. A software update in connection with a recall was agreed upon with the transport authority. This affects around 21,500 cars made from 2014 to 2017 in Europe, including 6,000 in Germany. Porsche is bringing the cars to workshops for the free software update.
Porsche plans to enter Formula E
In July Porsche announced plans to enter a factory team in the Formula E championship in 2019. It is therefore ending its involvement in the LMP1 class of the FIA World Endurance Championship at the close of the 2017 season. Porsche’s racing strategy will focus on entering the 911 RSR in the GT class of long-standing endurance contests such as the WEC and the IMSA WeatherTech SportsCar Championship in the US. This new racing focus is based on Porsche’s Strategy 2025: among other things, the company will focus on a combination of purist GT cars and fully electric sports cars like the first purely battery-powered Mission E.
World premiere of the new Cayenne
New engines, a new chassis, an innovative operating concept and greater connectivity all feature in the new Cayenne presented by Porsche in Zuffenhausen in August. The third generation is a completely newly developed version of this successful car which boasts sales of over 770,000 since 2002. It will offer even greater typical Porsche performance combined with superior everyday practicality. The new Cayenne shows significantly developed visuals, which are now more precise, elegant, athletic and expressive. For the car’s world premiere at the Porsche Museum, Jesse Milliner composed a “Sinfonie des Lebens” (“Symphony of Life”) that was performed by Prague’s Bohemia Symphony Orchestra and Leipzig’s Gewandhaus Orchestra. In addition to the symphony, the event included dancers, live musicians and an elaborate light show.
Logistics of the future: fully electric
Porsche Leipzig launched the eJIT project in August. Its three-year pilot phase will test a logistics truck with a fully electric drive on the route between the logistics centre and the assembly supply centre. Porsche is the first carmaker in Europe to use this fully electric 40-tonne vehicle that can also run on motorways.
World premieres at the IAA: 911 GT3 with Touring Package and Cayenne Turbo
Two cars celebrated world premieres at the International Motor Show in Frankfurt am Main (IAA). The 911 GT3 with Touring Package joins the ranks of Porsche’s purist high-performance sports cars. It is designed for fans of high-calibre sports cars who have a strong predilection for understatement and classic driving pleasure. The new Cayenne Turbo is the flagship of its model line. This newly developed member of the Cayenne’s third generation raises the standard for sports-oriented performance in its segment even higher.
Porsche Financial Services
Holger Peters and Jörg Pape joined long-standing company heads Albert Moser and Konrad Riedl on the Management Board of Porsche Financial Services GmbH. Their appointments are the result of strong growth as well as strategic challenges related to digitalisation and greater internationalisation.
Public transport pass to Weissach
Together with the Pforzheim-Enzkreis public transit authority (VPE) Porsche has developed a new “Jobticket” pass for employees at the Weissach Development Centre which is comparable to that for the Stuttgart public transit association (VVS). Introduced in September, the pass costs 46 euros a month and is valid for unlimited travel throughout the entire VPE network. Porsche pays a 10-euro subsidy per employee per month.
6-hour run for charity
Porsche’s Zuffenhausen headquarters was transformed into a sport arena on 17 September. More than 3,000 employees ran a 911-metre circuit for six hours to raise money for charity. For each lap completed, Porsche AG donated five euros to charity organisations in the Stuttgart region. Employees completed 26,033 laps, which earned a total of 185,000 euros for the Olgäle Foundation, the Stuttgart Children’s and Youth Hospice, Stuttgart’s Mobile Youth Services, Stuttgart Jugendhaus gGmbH and the Gustav Werner School in Zuffenhausen. The sum includes a generous contribution from the Porsche AG board.
Partnership with start-up
The Porsche Digital subsidiary launched a partnership with the Stuttgart-based tech company Home-iX in September. A B2B start-up specialising in smart living, Home-iX was founded in 2016 by two former Porsche employees, Mehmet Arziman and Heiko Scholtes. It helps companies in the automotive industry offer individualised smart living solutions that connect cars and homes.
Sustainable: Porsche’s industrial quarters
Porsche’s Plant 4 received the platinum sustainability award from the German Association for Sustainable Construction (DGNB) in October. This award recognises the quality of economic, environmental, sociocultural, functional and technical processes for newly constructed and converted industrial quarters. Plant 4 had already received gold for the precertification stage in 2015.
US: Porsche models subscription service
Porsche Cars North America is running a pilot programme to test the Porsche Passport. It offers flexible access to Porsche cars via a mobile app. With two membership packages, Porsche Passport makes first-class cars available to users in the Atlanta metropolitan area. The first package, with a monthly fee of 2,000 US dollars, offers on-demand access to eight model versions including the 718 Boxster, Cayman S, Macan S and Cayenne.
Software update for Cayenne Diesel
US authorities approved a technical solution in late October to adjust emissions for cars with 3.0-litre V6 TDI engines. This will enable more than 38,000 cars with “Generation 2.1” and “Generation 2.2” 3.0-litre V6 TDI engines to meet the emissions standards they were originally certified for. This involves 11,500 Porsche Cayenne V6 diesel cars in the US.
Porsche mourns Peter W. Schutz
Former Chairman of the Porsche Executive Board Peter W. Schutz passed away on 29 October at the age of 87. He is remembered at Porsche not only for preserving the iconic 911 sports car but also for successfully introducing the 911 Cabriolet to the US-American market. The Porsche model range became more attractive under his leadership, and he also set the company on a new strategic course.
IONITY – high-power charging network
In November the BMW Group, Daimler AG, Ford Motor Company and the Volkswagen Group, through Audi and Porsche, launched the IONITY joint venture to build a high-power charging network for electric vehicles in Europe. Setting up and operating around 400 high-speed charging stations by 2020 are important steps in making electric cars viable for long as well as short distances, and thereby helping to establish them on the market. These stations can recharge 80 per cent of the Porsche Mission E’s battery capacity in just 15 minutes, which is equivalent to a range of 400 kilometres. The Mission E will come onto the market in 2019.
Porsche wins third successive world title
Porsche crowned the career of the 919 Hybrid in November with its third manufacturers’ title in a row. Second- and third-place finishes at the 6 Hours of Shanghai race enabled it to clinch the title after eight of the nine races in the FIA World Endurance Championship (WEC). Earlier in the season the car had won not only Le Mans but also the races on the Nürburgring, in Mexico City and in Austin.
Axel Springer Digital Ventures and Porsche Digital launched a new start-up accelerator in Berlin in November. They signed a joint venture agreement with equal shares. Its mission is to support digital business ideas with high market appeal that have the potential to change sectors. The aim is to invest in foundational stages of start-ups.
In December the Porsche Supervisory Board reappointed Detlev von Platen, Member of the Executive Board for Sales and Marketing, and Andreas Haffner, Member of the Executive Board for Human Resources and Social Affairs, each for five years. Von Platen joined the Porsche Executive Board in November 2015, and Haffner in October 2015. Supervisory Board Chairman Dr Wolfgang Porsche praised their work in introducing the new generation of the Panamera onto international markets and ensuring the future of the Zuffenhausen site through the building of production facilities for Porsche’s first fully electric sports car.
Four-car world premiere in Los Angeles
Porsche celebrated world premieres for four sports cars at the Los Angeles Auto Show in late November. The Panamera Turbo S E-Hybrid Sport Turismo, 718 Boxster GTS and 718 Cayman GTS are now the flagships of their respective model lines, while the 911 Carrera T is a purist lightweight car. The new generation of the Cayenne was also introduced to the US in Los Angeles.
718 Boxster: Fuel consumption combined 7.4 – 6.9 l/100 km; CO₂ emissions 168 – 158 g/km
718 Boxster GTS: Fuel consumption combined 9.0 – 8.2 l/100 km; CO₂ emissions 205 – 186 g/km
718 Cayman S: Fuel consumption combined 8.1 – 7.3 l/100 km; CO₂ emissions 184 – 167 g/km
718 Cayman GTS: Fuel consumption combined 9.0 – 8.2 l/100 km; CO₂ emissions 205 – 186 g/km
911 Carrera GTS Cabriolet: Fuel consumption combined 9.4 – 8.4 l/100 km; CO₂ emissions 214 – 190 g/km
911 Carrera S Kit: Fuel consumption combined 9.4 − 8.3 l/100 km; CO₂ emissions 214 − 188 g/km
911 Carrera T: Fuel consumption combined 9.5 – 8.5 l/100 km; CO₂ emissions 215 – 193 g/km
911 GT2 RS: Fuel consumption combined 11.8 l/100 km; CO₂ emissions 269 g/km
911 GT3: Fuel consumption combined 12.9 – 12.7 l/100 km; CO₂ emissions 290 – 288 g/km
911 GT3 mit Touring-Paket: Fuel consumption combined 13.3 l/100 km; CO₂ emissions 302 g/km
Cayenne: Fuel consumption combined 9.2 – 9.0 l/100 km; CO₂ emissions 209 – 205 g/km
Cayenne Turbo: Fuel consumption combined 11.9 – 11.7 l/100 km; CO₂ emissions 272 – 267 g/km
Macan GTS: Fuel consumption combined 9.2 – 8.8 l/100 km; CO₂ emissions 215 – 207 g/km
Macan S: Fuel consumption combined 9.0 – 8.7 l/100 km; CO₂ emissions 212 – 204 g/km
Panamera Sport Turismo: Fuel consumption combined 9.5 – 6.7 l/100 km; CO₂ emissions 217 – 176 g/km
Panamera Turbo S E-Hybrid: Fuel consumption combined 2.9 l/100 km; CO₂ emissions 66 g/km; electricity consumption (combined) 16.2 kWh/100 km
Panamera Turbo S E-Hybrid Sport Turismo: Fuel consumption combined 3.0 l/100 km; CO₂ emissions 69 g/km; electricity consumption (combined) 17.6 kWh/100 km