All posts by Francis Mitterrand

News

Changes in Supervisory Board and Financial Services of Porsche

After the CEO of Porsche, Oliver Blume, took over the position of chief executive of the Volkswagen Group, there were also changes in the Supervisory Board of the company. According to information from the company, Porsche has decided to expand the Executive Board to promote successful development, by appointing Sajjad Khan as head of the IT team.

Sajjad Khan

“We look forward to being able to welcome Sajjad Khan, a proven digital expert, to the Board and thereby to strengthen our IT team in a critical position. Our industry is experiencing the greatest transformation in its history. We laid the strategic groundwork very early on. Our focus now is on implementation, which we want to continue to drive forward together with Sajjad Khan,” said Oliver Blume.

Sajjad Khan has a truly rich career. In 2001 he joined DaimlerChrysler where he worked in the fields of infotainment and since 2004 he has been working on the development of electronic components for vehicles. Since 2007, he has been the director of the e-car and electronic units, and since 2011 he has been Vice President of the BMW Group. For the last seven years he was Vice President of Daimler AG.

In addition to the new members of the Executive Board, Porsche also made a change at Financial Services GmbH (PFS) by appointing a new spokesperson for the Management Board. That position will be held by an experienced financial expert who, over the past nine years, has held senior positions within the Volkswagen Group, Volker Reichhardt.

Volker Reichhardt

“Porsche Financial Services GmbH is set to expand further by taking on responsibility for Porsche Drive. We are therefore delighted that we have been able to recruit a prominent industry expert to continue our planned course of growth,” said Lutz Meschke, Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT at Porsche AG.

One of the members of the Board of Directors of Porsche Financial Services GmbH is Michael Löffler, who was the head of sales and strategy management at Porsche. With this move, Porsche creates a more intensive network with the sales department and strengthens the connection between the parent company and the subsidiary.

Source: Porsche

Auctions, News

1993 Porsche 911 RS America sold for $191,000 USD

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In 1992, Porsche introduced the 911 RS America, a higher-performance version of the 964. It was offered with four factory options: limited slip differential, AM/FM cassette, air conditioning and sunroof. Only 701 examples of this model were produced, and one of them, the 1993 Porsche 911 RS America, sold today for $191,000.

The car is in excellent condition. It was purchased new by Brumos Motor Cars, Florida in 1993. It is finished in Grand Prix White and has only 10,000 miles on the odometer. It is equipped with a fixed rear spoiler, integrated fog lights, manually adjustable aero mirrors, sports suspension with larger-diameter front stabilizer bar, shock absorbers taken from the 911 Turbo model, black Porsche-branded calipers over cross-drilled rotors at all four corners.

Inside, the electronically adjustable seats with red belts are upholstered in black fabric that perfectly matches the colors of the door panels, dashboard and carpets. There are red pull strips on the doors, while the four-spoke steering wheel is wrapped in black leather. In the rear part there is a luggage shelf and enclosed storage compartments in place of the rear seats.

When it comes to the powertrain, the 911 RS America is powered by a 3.6-liter flat-six engine with 247 hp (184 kW) at 6,100 rpm and 228 lb-ft (309 Nm) of torque. Power is transmitted to the rear wheels via a 5-speed manual transmission equipped with an optional limited-slip differential. It reaches 62 mph in 5.5 seconds with a top speed of 162 mph (260 km/h). It’s mounted on a set of 17-inch Cup 1 wheels wrapped in 205/50 (front) and 255/40 (rear) Michelin Pilot Sport tires.

The car comes with a clean Carfax report.

Source: Bring a Trailer

EV, News

Xiaomi will produce electric cars

The growth in demand for electric cars is increasingly attracting companies that have never been involved in this type of business. After Apple and Huawei, another company is entering the world of electric car manufacturers. It is the Chinese company Xiaomi that will produce electric cars in its own plant.

According to a Chinese media report, the first Xiaomi electric car could hit the market soon. Engineering work has been completed, while vehicle software integration is progressing rapidly and will be completed by mid-October. Although there were rumors that the car would be manufactured at the BAIC Group facility and that the Chinese company would work with OEMs, this is not going to happen.

Xiaomi plans to invest 10 billion dollars in this project over the next ten years, so there will be no shortage of money for the factory. The new factory will have a capacity of 300,000 vehicles per year. In the first year, it is planned to produce half of the capacity, and the goal is for the first cars to reach their owners in 2024.

Last year, the company signed a contract to build a headquarters and research and development center in Yizhuang. According to some information, a plant for future cars will also be built there.

Source: Xiaomi