The car that many were chastising and calling names -- the new for 2010 Porsche Panamera -- has just turned around and flipped everyone off, essentially.
Admittedly so, I was not all full-steam ahead for the Panamera and its back end. I thought the car drove phenomenal and had a gorgeous interior; it is just that butt that gets me.
But the most important thing about the vehicle is how it has been selling. While 911 sales are down 35 percent and the Cayenne's, which saved the brand earlier, are down 23 percent, the Panamera has surged along.
Remember though, the V6 Panamera has yet to bow and if its V6 powerplant is as good as we have heard from our source, you will see these cars floating around EVERYWHERE.
Stay tuned in the coming weeks as 001 gets behind the wheel...
BERLIN (Bloomberg) -- Porsche Automobil Holding SE improved its full-year forecast after the carmaking division's sales beat analysts' estimates as the new Panamera sedan attracted buyers.
The loss for the year ending July 31 will be less than 1 billion euros ($1.2 billion), the maker of the 911 sports car said today in a statement. That compares with a “low single-digit” billion-euro loss forecast on March 17. Nine-month sales by the car-manufacturing unit rose 12 percent to 5.2 billion euros, while the operating profit was 600 million euros.
“These are good numbers,” said Daniel Schwarz, an analyst at Commerzbank AG in Frankfurt who has a “reduce” recommendation on the stock. “The Panamera is proving a boon to Porsche's car business. They're doing better than expected...
[Source: Automotive News Europe]
2011 Jeep Grand Cherokee Photo Gallery
2011 Lexus LFA Photo Gallery
2011 Frozen Gray BMW M3 Photo Gallery
2011 Porsche Boxster Spyder Photo Gallery
Bimmerfest 2010 Photo Gallery
Read Article