According to the latest Porsche news reports, On November 21, 2024, Porsche India officially teased the unveiling of the GT3 RS Manthey Racing model, which is scheduled for November 22, 2024. The event will take place at 10:00 CET (2:30 PM IST).
The TAG Heuer Porsche Formula E Team unveiled the GEN3 Evo generation of the Porsche 99X Electric.
Porsche AG has announced a partnership with Applied Intuition. This collaboration is to develop automotive software while maintaining software ownership and reducing reliance on external suppliers.
There have been recalls affecting over 27,000 Taycan models due to battery fire risk. Additionally, some 718 and 911 models are being recalled due to faulty center-lock wheel bolts that could lead to wheels detaching while driving.
According to the latest Porsche news reports, the 2025 Porsche Taycan lineup has expanded with new variants including the Taycan 4 and Taycan GTS.
Mark Zuckerberg has commissioned a unique one-off Porsche Cayenne Turbo GT minivan along with a 911 GT3 Touring model.
Porsche celebrated anniversary of the 911 GT3, a model that has become iconic in motorsport and performance driving since its debut 25 years ago.
The Porsche lineup is expanding with the introduction of new models for 2025 including the updated Taycan family, which now features 13 variants and the 911 Carrera T.
The all-electric Macan has been confirmed as ready for road testing. Additionally, the company is working on an electric version of the Cayenne and plans to continue offering gas-powered versions of both the Cayenne and Panamera beyond 2030.
According to the latest Porsche news reports, Porsche has issued recalls affecting over 27,000 Taycan models due to a battery fire risk alongside warnings for certain 718 and 911 models regarding faulty center-lock wheel bolts that could lead to wheels detaching while driving.
Porsche is exploring advanced technologies including a patented six-stroke engine design aimed at increasing power output.
The Porsche 911 has received an update with the introduction of the 911 Carrera T Hybrid. This model features an electric motor integrated into the gearbox, enhancing performance by storing energy and providing instant acceleration through electrically-driven turbos. The hybrid variant is set to debut soon.
Porsche has launched its first all-electric SUV, the Macan EV, which has a 100 kWh battery capable of delivering up to 380 miles of range. The flagship Turbo model offers 639 hp and accelerates from 0 to 60 mph in just 3.3 seconds.
The Porsche Taycan lineup has expanded for the 2025 model year, now including new variants like the Taycan 4 and Taycan GTS. These updates enhance the Taycan’s appeal within the electric sedan market, which now features a total of 13 different configurations.
Porsche plans to introduce several exciting models including an all-electric Boxster and a redesigned Cayenne EV both expected to launch in 2025.
According to the latest Porsche news reports, Between January and September 2024, Porsche delivered 226,000 vehicles, a 7% decrease compared to the same period in 2023. This decline follows a record year in 2023 when Porsche sold 320,200 units globally.
The huge drop has been observed in China, where demand fell by 29% leading to only 43,280 vehicles sold in the first nine months of 2024.
The Porsche Taycan has seen a 47% drop in sales globally. The Taycan’s aging design and recalls due to brake hose and battery issues have compounded its sales struggles.
The introduction of the second-generation Macan, which is exclusively electric has led to a transition phase that has hurt overall sales.
The new Macan is priced approximately 22% higher than its previous model.
Porsche has also phased out the first-generation Macan from markets like Germany and France to focus on the new model.
According to the latest Porsche news reports, China saw GDP growth slow to 4.7% in Q2 2024 from 5.3% in Q1.
Lab Eleven’s Porsche 911 Restomod Project, As of Latest Porsche News Reports (November 2024)
Lab Eleven’s Porsche 911 restomod project combines Italian craftsmanship with a deep respect for the original design of the iconic sports car.
Lab Eleven focuses on preserving the essence of the Porsche 911 while integrating modern engineering advancements. Their approach is rooted in using original Porsche components, ensuring that each vehicle retains its classic appeal and can be serviced at authorized Porsche centers.
This partnership allows owners to benefit from certified expertise while enjoying a vintage vehicle that meets contemporary performance standards.
Lab Eleven primarily utilizes the 993-generation Porsche 911, known for being the last air-cooled model produced.
Customers can select from various engine configurations including a 3.6-liter and a 3.8-liter flat-six engine, with future plans for a 4.0-liter option. The cars are also available in a range of over 200 color options and customizable interior trims.
Lab Eleven incorporates lightweight materials such as aluminum and magnesium alloy, achieving a curb weight of approximately 2,640 pounds.
The interiors feature period-correct Recaro bucket seats upholstered in Porsche patterns and Italian leather.
Creating a Lab Eleven restomod involves approximately 4,000 work hours. Each chassis is stripped down completely and all components are verified for authenticity before being reassembled.
Porsche 911 Dakar
The final edition of the Porsche 911 Dakar has been unveiled, the end of a limited production run of just 2,500 units. This special model features a custom paint job that pays homage to the 1984 Paris-Dakar Rally-winning 911.
The last unit is adorned with a hand-painted tri-colour livery that includes Signal Yellow, Gentian Blue Metallic and Lampedusa Blue.
The vehicle is powered by a 3.0-litre twin-turbocharged flat-six engine, producing approximately 475 horsepower and 570 Nm of torque. It accelerates from 0 to 62 mph in just 3.4 seconds.
The car features black Alcantara seats with yellow stitching and accents throughout the dashboard and gear lever.
This final model was crafted by Porsche’s Sonderwunsch division for an Italian collector.
Launches and Upcoming Models, As of Latest Porsche News Reports (November 2024)
| Model | Type | Expected Launch Date |
|---|---|---|
| Porsche 718 Boxster | Sports Car | 2025 |
| Porsche 718 Cayman | Sports Car | 2025 |
| Porsche 911 Carrera T Hybrid | Sports Car | 2024 |
| Porsche Taycan | Electric Vehicle | 2025 |
| Porsche Macan EV | Electric SUV | 2024 |
| Porsche Cayenne GTS | SUV | Fall 2024 |
| Porsche Cayenne Turbo SE Hybrid Coupe | SUV | November 2024 |
| Porsche Cayenne Turbo GT | SUV | November 2024 |
| Porsche Cayenne E-Hybrid Coupe | SUV | January 2025 |
| Porsche New Boxster EV | Sports Car | 2025 |
2024 Porsche Panamera
The 2024 Panamera introduces several E-Hybrid variants including the Panamera 4 E-Hybrid and Panamera Turbo E-Hybrid. These models integrate a revamped hybrid system that combines a petrol engine with an electric motor.
The Turbo E-Hybrid features a 4.0-liter V8 engine paired with an electric motor, producing a combined output of 680 PS and a 0-100 km/h time of just 3.2 seconds.
The electric-only range has increased, now reaching up to 92 kilometers compared to previous models.
The new Panamera has an upgraded electric motor that is now integrated into the gearbox design, reducing weight and enhancing performance.
This motor delivers 140 kW and 450 Nm of torque. The high-voltage battery has also been improved, now featuring a capacity of 25.9 kWh.
The new Panamera is equipped with advanced features such as an adaptive two-chamber air suspension and the optional Porsche Active Ride system. This suspension technology enhances both comfort and handling by actively adjusting to road conditions and driving dynamics.
Additionally, the vehicle includes multiple driving modes tailored for hybrid operation, optimizing energy efficiency based on driving conditions.
Sales and Financial Performance, As of Latest Porsche News Reports (November 2024)
Porsche delivered 226,026 vehicles worldwide from January to September 2024. This is a 7% decline compared to the 242,722 units delivered during the same period in 2023.
Porsche experienced an increase in its home market. Deliveries rose to 26,838 units, a 8% increase compared to the previous year.
Porsche’s performance in China was disappointing. Deliveries plummeted to 43,280 units, a 29% drop from the previous year.
The North American market also faced challenges with deliveries decreasing by 5% to 61,471 units. This decline follows customs-related delays that affected the availability of certain models earlier in the year.
In Europe, excluding Germany, Porsche saw a slight increase of 1%, delivering 52,465 units. In overseas, Porsche delivered 41,972 vehicles, a 3% increase compared to last year.
According to the latest Porsche news reports, Porsche generated sales revenue of €19.46 billion in the first half of 2024, which represents a 4.8% decline from €20.43 billion in the same period last year.
The company’s operating profit fell to €3.06 billion, down approximately 20% from €3.85 billion in the first half of 2023. The operating return on sales was recorded at 15.7%, compared to 18.9% in the prior year.
The automotive segment reported an operating profit of €2.90 billion, with a return on sales of 16.4%, down from 19.3% in the previous year. The EBITDA margin also decreased, standing at 24.1%, compared to 25.6% previously.
The company expects a group operating return on sales between 14% and 15%, down from an earlier forecast of 15% to 17%.
For total sales, Porsche anticipates revenues in the range of €40 billion to €42 billion for the full year.
Porsche generated €19.46 billion in sales revenue, a 4.8% decrease compared to €20.43 billion in the same period of 2023.
The operating profit for the group was €3.06 billion, down from €3.86 billion, a 20.5% decline year-over-year.
According to the latest Porsche news reports, the operating return on sales stood at 15.7%, lower than the previous year’s margin of 18.9%.
Total vehicle deliveries decreased by 6.8%, with 155,945 units sold compared to 167,354 in H1 2023.
The automotive segment specifically reported an operating profit of €2.90 billion, down from €3.65 billion in the prior year, with an automotive return on sales of 16.4%.
In the first nine months of 2024, Porsche delivered a total of 226,026 vehicles, which represents a moderate decrease of 7% compared to the previous year.
For 2024, it is projected that battery electric vehicles will account for approximately 12-13% of Porsche’s total deliveries.
The global market for plug-in electric vehicles is on an upward trajectory with sales expected to approach 20 million units in 2024, a market share of around 20%. This includes both BEVs and PHEVs with BEVs alone projected to account for about 12% of total vehicle registrations.
In 2024, the company reported a total sales revenue of €19.46 billion for the first half of 2024, a decrease of 4.8% compared to €20.43 billion in the same period of 2023.
This region remains Porsche’s largest market with 39,558 vehicles delivered in the first half of 2024, despite a decline of 5.7% from the previous year. The overall sales in North America accounted for a huge portion of Porsche’s revenue.
Deliveries in Germany increased by 21.6% to 20,811 vehicles, while other European markets saw a growth of 5.6%, totaling 38,611 vehicles sold.
The Cayenne remains Porsche’s best-selling model with 52,769 units sold in the first half of 2024, a increase of 13.7%. The Macan also performed well but saw a decrease in sales compared to previous years.
Despite an overall decline in deliveries, there is an increasing interest in electric models particularly as improvements in battery technology and charging infrastructure enhance their appeal. The Taycan faced a drop in sales by 51.7%.
According to the latest Porsche news reports, the first three quarters of 2024, Porsche delivered a total of 226,026 vehicles globally, a decrease of 6.9% compared to the same period in 2023, when deliveries were 242,722 vehicles.
Deliveries by Region (Q1-Q3 2024), As of Latest Porsche News Reports (November 2024)
| Region | Deliveries | Change from 2023 |
|---|---|---|
| Total Worldwide | 226,026 | -6.9% |
| Europe | 51,742 | +23% |
| Germany | 24,814 | +19% |
| North America | 64,487 | +14% |
| China | 60,748 | -12% |
| Overseas and Emerging Markets | 40,931 | +23% |
Porsche’s sales in Germany have shown an increase of 8% in the first nine months of 2024, with a total of 26,838 vehicles delivered to customers.
The company reported an increase in deliveries particularly in the home market, where the number of vehicles sold rose by 22% in the first half of the year compared to the previous year.
According to the latest Porsche news reports, Porsche’s sales in China have faced challenges with a 29% decline reported during the same period, resulting in 43,280 vehicles delivered.
Other Important News, As of Latest Porsche News Reports (November 2024)
Porsche AG has announced that 2024 will be its biggest year for product launches in history, with plans to introduce four new or revised models including the Panamera and Macan.
Porsche announced the upcoming launch of the 911 GT3 RS Manthey Racing kit, which is set to enhance the car’s aerodynamics and performance specifically for the Indian market. The official launch is scheduled for November 22, 2024, at 2:30 PM IST.
Porsche released a teaser video showing the new features of the 911 GT3 RS Manthey. The official unveiling of this upgraded model is set for November 22, 2024.
Porsche has confirmed that the new Taycan GTS will debut at the Icons of Porsche event in Dubai, which is scheduled for November 23-24, 2024.
Porsche announced plans for a special auction featuring a one-off ‘911 Turbo Remastered’ vehicle as part of the Icons of Porsche event. This auction is set to be a highlight of the festival, which will take place on November 23-24, 2024 at the Dubai Design District.
Porsche announced that it will showcase six rare Turbo models from its museum at the Icons of Porsche festival to celebrate 50 years of Turbo vehicles.
It was reported that Porsche is preparing for the launch of its revamped Panamera model. This new generation of the Panamera has made its global debut and is set to be officially launched in India at a price of ₹1.68 crore with bookings expected to start shortly thereafter.
According to the latest Porsche news reports, Porsche confirmed its participation in the upcoming Dubai International Motor Show, which is scheduled to take place from December 10 to December 12, 2024.
Porsche announced a partnership with La Marzocco to create a bespoke espresso machine. This special edition espresso machine will be showcased at the Icons of Porsche festival in Dubai on November 23-24, 2024. The collaboration features a limited run of 911 units of the Linea Micra model available in two designs, Slate Grey Neo and Martini Racing.
It was reported that the Porsche Taycan Turbo GT has been nominated for multiple automotive awards due to its performance metrics. This model is recognized as the most powerful series-production Porsche, having set a record lap time at the Weathertech Raceway Laguna Seca and showing acceleration capabilities achieving 0 to 60 mph in just 2.1 seconds with the optional Weissach Package.
Porsche announced its continued participation in the ABB FIA Formula E World Championship, confirming its commitment through Season 12, which will conclude in 2025/2026.
Porsche announced an upgrade package for existing Taycan models at enhancing their driving dynamics and efficiency. This update includes software improvements that will be available to all model years, allowing for better powertrain efficiency and new functions in the Porsche Communication Management system.
It was announced that Porsche is increasing its investment in electric vehicle technology. CEO Oliver Blume remains committed to Porsche’s vision, which includes a target for over 80% of new vehicle sales to be fully electrified by 2030.
Porsche teased a new color option for the upcoming Macan model, which is set to launch in early 2025. This announcement is part of Porsche’s updates as they prepare for the release of the new Macan lineup, which will include both traditional internal combustion and electric variants.
It was announced that the Porsche Taycan Turbo S has been awarded Road & Track’s 2024 Performance EV of the Year. This accolade highlights the vehicle’s driving experience and performance metrics including a top speed of 161 mph and an acceleration from 0 to 60 mph in just 2.6 seconds.
On November 19, 2024, it was reported that the final unit of the limited-edition Porsche 911 Dakar was painted in a special livery reminiscent of its Paris-Dakar Rally victory. This model features a tri-colour paint scheme that echoes the iconic 1984 rally winner, completing a production run of only 2,500 units.
According to the latest Porsche news reports, On November 20, 2024, Porsche confirmed its participation in several major automotive exhibitions scheduled for early 2025.
- AutoZum: January 22-25, 2025, in Salzburg, Austria
- InterClassics Maastricht: January 16-19, 2025, in Maastricht, Netherlands
- MOTORRADWELT BODENSEE: January 31 – February 2, 2025, in Friedrichshafen, Germany
- IMOT: February 21-23, 2025, in Munich, Germany
- IAA Mobility: September 9-14, 2025, in Munich, Germany.
On November 22, 2024, Porsche will unveil GT3 RS Manthey Racing model during a live online event. The event is scheduled to start at 10:00 CET.
