Further Milestone Reached on the Way Toward the Integrated Automotive Group With Porsche

Wolfsburg, Germany — December 7, 2009 — Volkswagen Aktiengesellschaft has today taken a 49.9 percent stake in Porsche AG. The next important step on the way towards the integrated automotive group with Porsche has therefore been completed, as announced, before the end of the year. The price for the stake is €3.9 billion and is based on the enterprise value for Porsche AG calculated under a careful due diligence and valuation procedure.

Following the Comprehensive Agreement concluded in August, the implementation agreements signed in November and the Volkswagen Extraordinary General Meeting held last week, the stake in Porsche AG represents the next milestone on the way towards the integrated automotive group with Porsche under the leadership of Volkswagen. The acquisition of the trading business of Porsche Holding Salzburg is planned for 2011. The creation of the integrated automotive group is then to conclude with the merger of Volkswagen AG and Porsche SE during the course of the same year.

The combination of the two companies follows a compelling strategic, industrial and financial logic. For the Volkswagen Group, Porsche ideally complements the brand portfolio. The Stuttgart-based car maker will allow Volkswagen to further expand its position in the premium business, which offers particularly strong earnings. In turn, as an independent brand under the roof of the Volkswagen Group, Porsche will have the potential for significant additional growth.

The transaction will have a sustained positive effect on the earnings situation of the Volkswagen Group. With a return on sales of 10.3 percent, Porsche AG is the world’s most profitable automobile manufacturer. Volkswagen will in future participate in this business success through its stake. In addition, the planned integration of Porsche in the Volkswagen Group and the associated closer cooperation will realize significant synergies on both the income and the cost side. As a result, the annual operating profit of the Volkswagen Group is expected to increase by some €700 million in the long term.

Source: Volkswagen

Stuttgart. Following the Porsche 911 GT3 Cup, Dr. Ing. h.c. F. Porsche AG, Stuttgart, is entering yet another racing car in the 2010 motorsport season: The 911 GT3 R will be raced in series based on the international FIA GT3 regulations, thus succeeding the 911 GT3 Cup S. The main focus in developing this new model was on even better drivability and even easier handling.

The 911 GT3 R is powered by a four-litre six-cylinder boxer engine delivering maximum output of 480 bhp (353 kW) transmitted to the rear axle by a sequential six-speed dog gearbox.

The starting point in developing the 911 GT3 R weighing just 1,200 kg or 2,646 lb was the Porsche 911 GT3 Cup presented in September for one-make cup racing. Thanks to its increase in engine size by 0.2 litres, the GT3 R offers 30 bhp more than the Cup model. Both cars are based on the extra-wide body of the 911 GT3 RS street-legal sports car.

An anti-lock brake system (ABS), traction control and an e-gas with “throttle-blip” function make it much easier to get used to this new GT3 racing car than its predecessor, meaning that the new model is also more appropriate for the ambitious amateur racing driver.

Flared wheel arches added on to the body both front and rear bear clear testimony to the wider track than on the former model. And like all second-generation versions of the 911, the new 911 GT3 R also comes with striking LED rear light clusters.

The Porsche 911 GT3 R is making its world debut on 14 January 2010 at the Birmingham Motor Show. The car is built by Porsche’s Motorsport Department at the Weissach Development Centre and will be delivered to Customer Teams the world over as of spring 2010. The base price of the Porsche 911 GT3 R is 279,000 euros plus local sales tax/VAT.

Source: Porsche

Stuttgart. The Porsche Panamera has been awarded the Golden Steering Wheel as the Best New Car of the Year in the Luxury Performance Class. With its combination of supreme comfort and outstanding sportiness, and through its unique design, Porsche’s Gran Turismo convinced the 50-man jury made up of racing drivers, engineers, celebrities and the senior editors of the Auto Bild Magazine Group trying out the candidates on thorough test drives.

Before receiving this outstanding award, the Panamera had already been chosen by readers as one of the five best models in the luxury performance class with experts putting the car through its paces in the final contest on a test track in Italy for two enduring days.

This year this special prize presented for the first time by publisher Axel Springer in 1976 was awarded not “just” by the German Sunday newspaper Bild am Sonntag, but rather by a group of publications including the Auto Bild Motoring Journal and its European sister publications, making this coveted award even more significant than ever.

Source: Porsche

Stuttgart. Dr. Ing. h.c. F. Porsche AG, Stuttgart, has refined the DNA of the 911 to what must be the most supreme standard of class and style in the 911 Sport Classic available to a strictly limited number of very special 911 enthusiasts. Creating this unique model, Porsche is bringing back the tradition of exclusive small series built in very small numbers. The 911 Sport Classic will be presented at the 2009 Frankfurt Motor Show and is limited in production to just 250 cars.

This very special 911 from Porsche Exclusive has been developed over a project period of about three years, with lots of love for detail, catering especially for the most demanding group of genuine aficionados. Porsche Exclusive is Porsche’s Specialist Department for the most outstanding customised versions of Porsche cars going beyond even the highest standard of the Company’s regular production models.

The unique character of this very special 911 comes out at very first sight in the newly developed double-dome roof. A further highlight of this sports car based on the rear-wheel-drive Carrera S is the wider rear body up by 44 millimetres or 1.73″ and the wider track on the rear axle. The striking SportDesign front apron with its unique spoiler lip and the rear spoiler fixed in position like the legendary ducktail on the 1973 Carrera RS 2.7 round off the unmistakable look of the 911 Sport Classic. Power comes from Porsche’s 3.8-litre with Direct Fuel Injection, increased in this case, also through the introduction of a newly developed resonance intake manifold with six vacuum-controlled switching flaps, by 23 bhp to 408 horsepower for even more outstanding performance.

The 911 Sport Classic comes exclusively with a six-speed manual gearbox. PCCB Porsche Ceramic Composite Brakes ideally reflecting the sporting character of this exclusive 911, PASM sports suspension lowering the entire car by 20 mm or 0.79″, as well as the mechanical rear axle differential and custom-made 19-inch wheels with their rim star painted black all come together to offer a perfect match for the character of this most exclusive car.

Source: Porsche