Porsche AG said a fastener that wasn’t properly installed is to blame for engine fires in the 911 sports car’s racing version that led the automaker to take the rare step of telling customers to stop driving the model.
Porsche AG will swap out the engine on the racing version of the 911 sports car after the German automaker took the rare step of telling customers to stop driving the model because the vehicle could catch fire.
Porsche AG Chief Executive Officer Matthias Mueller said the high-end automaker will exceed 200,000 in annual deliveries in 2015, three years earlier than first targeted, on demand for the Macan compact sport-utility vehicle going on sale later this year.
Porsche AG, the Volkswagen AG unit that builds the 911 sports car, said it will reach a target of selling more than 200,000 vehicles a year in 2015 or 2016, about three years earlier than initially planned.
Porsche AG, the Volkswagen AG unit that builds the 911 sports car, plans to expand its sales network 33 percent by 2018 as demand for upscale vehicles jumps in emerging markets such as China and its model line grows.
Speedy new models from Porsche AG and Bayerische Motoren Werke AG can beat Toyota Motor Corp.’s Prius not just off the line but also at the fuel pump as efficiency becomes a key standard even for elite racers.