Latest news with #Panamera
Miami Herald
5 days ago
- Automotive
- Miami Herald
Porsche Taycan Used Values Fall Sharply as UK Sales Face Temporary Hold
Porsche UK has reportedly instructed its dealers to suspend sales of used first-generation (pre-2025) Taycan electric vehicles (EVs), according to a report from Car Dealer. Porsche has told Autoblog that the report is greatly exaggerated, as just 135 cars require a fix for a battery issue. The remaining cars are all still on sale, according to the manufacturer's UK arm. But the Taycan's problems are perhaps deeper as the performance EV faces broader market challenges. As a used car it just isn't going well with the British buying public. Prices have been tumbling and stocks piling up. Used Taycans are experiencing significant depreciation across the pond, with values dropping by nearly 50% within twelve months for some models. For instance, a Taycan S that cost £186,300 new in 2024 was valued at approximately £97,680 at the start of this year. In contrast, a Panamera that cost £168,700 is now valued at £111,555, a drop of just under 34%, according to Parkers. In the U.S., similar trends are evident. A new Porsche Taycan depreciates just over 61% after five years, while a new Porsche Panamera depreciates just under 48% in the same period. The UK used car website Autotrader has 578 used 2020-24 Taycans up for offer. In comparison, there are fewer than 100 Panameras of the same vintage, and they attract higher prices. Part of this is a specific UK issue, as the new-car tax regime heavily favors buyers who run EVs as company vehicles, saving them thousands of dollars a year. There are no such incentives for used EVs. There are also significant advantages for the companies themselves, both in terms of tax breaks and in their performance on Corporate Social Responsibility scores that boost share price. The pre-2025 Taycan also suffered from a range disadvantage compared to the Tesla Model S. That changed with the 2025 model, which brought a major boost in both range and efficiency, making it the version most buyers now prefer. Interestingly, the Taycan's troubles in the UK have been somewhat eased by the fact that Tesla no longer sells the Model S in right-hand drive, limiting direct competition in that market. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Yahoo
23-05-2025
- Automotive
- Yahoo
Hikers Discover Porsche Panamera Mysteriously Blocking Trail in the Middle of the Woods
The 21st Century's addition of sedans, station wagons and SUVs to the Porsche lineup have made the cars from Zuffenhausen far more omnipresent than they were back in the days when the company only made two-door speed machines. Still, there are some places where it remains surprising to see one — like, for example, abandoned in the middle of the woods, blocking a hiking trail. Last Monday, a Facebook user named Kayley Clare posted on the Roxborough Rants & Raves Facebook page a picture of a blue Porsche Panamera in the middle of a woody trail in Philadelphia's Wissahickon Valley Park. With that post, the questions — and theories — began to pour in. Was someone trying to hide the car from the repo man? Was it stolen? Was it used in a crime and dumped there? The Philadelphia Inquirer began to investigate, and discovered that despite the bizarre scene, nothing nefarious was going on. According to their reporting, the Panamera's 84-year-old driver made a series of wrong turns on Sunday night and wound up driving roughly a mile deep into the park, ending up on the Orange Trail before stopping and calling for help. Obviously, the man made a big mistake. However, we can't help but be a little bit impressed. According to the Friends of the Wissahickon website, the Orange Trail has an average width of just three feet and a maximum obstacle height of 24 inches. The trail has an 11% grade and is made up of dirt and rock. The car, meanwhile, appears to be a 971-generation Panamera — a capable car for sure, but not the sort of vehicle you'd usually associate with off-roading of any sort, let alone the kind where many Land Rover drivers would hesitate to car was pulled off the trail on Tuesday, and a video of the rescue was shared on The Philadelphia Inquirer's social media channels In the clip, an ATV uses a winch to help pull the car along the trail, giving a sense of just how narrow the path is. The driver is extremely embarrassed over the whole situation, according to the Inquirer. But thankfully, no injuries were reported, and no crime was committed. Now if you'll excuse us, this incident has us daydreaming about a 911 Dakar-style Panamera build... You Might Also Like You Need a Torque Wrench in Your Toolbox Tested: Best Car Interior Cleaners The Man Who Signs Every Car
Yahoo
13-05-2025
- Business
- Yahoo
Panamera Holdings Corporation / OTCID Designation
HOUSTON, May 13, 2025--(BUSINESS WIRE)--Panamera Holdings (OTC: PHCI) is pleased to announce that effective July 1, 2025, the company will be transitioning from the basic OTC Pink Sheets to the enhanced OTC ID designation within the OTC Markets platform. This move marks a significant advancement in transparency, compliance, and market presence as Panamera continues to elevate its profile with investors and regulators. The past year has marked a period of tremendous progress for the company—operationally, strategically, and financially—as it positions itself for a future listing on a senior exchange such as NASDAQ or another national market that best serves the interests of its shareholders. "This move reflects our ongoing commitment to transparency, credibility, and investor confidence," said T. Benjamin Jennings, CEO and Chairman of the Board. "While we are proud of the progress that brought us here, this is just one step in a broader plan. We are gearing up for our next major milestone—uplisting to a national exchange when the time and conditions are right." "The hard work and dedication reflects a team driven by purpose and grounded in persistence," said Cristopher Proler, President and Vice Chairman of Panamera Holdings. "Nothing about this journey has been easy, but every step has been intentional. We believe the impact of what we're building will be significant-for our team, our shareholders, and the future of this industry." About Panamera Holdings Panamera Holdings is leveraging over 90 years of expertise in metal recycling technology, waste and financial innovation combined with revolutionary advancements that are poised to redefine clean energy. With a deep legacy in industrial innovation and a forward-looking approach to CO₂ utilization, sustainability and profitability, Panamera is building the future of resource recovery and emission transformation. View source version on Contacts T. Benjamin Jennings 872-222-3377Email: tbj@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
13-05-2025
- Business
- Business Wire
Panamera Holdings Corporation / OTCID Designation
HOUSTON--(BUSINESS WIRE)--Panamera Holdings (OTC: PHCI) is pleased to announce that effective July 1, 2025, the company will be transitioning from the basic OTC Pink Sheets to the enhanced OTC ID designation within the OTC Markets platform. This move marks a significant advancement in transparency, compliance, and market presence as Panamera continues to elevate its profile with investors and regulators. The past year has marked a period of tremendous progress for the company—operationally, strategically, and financially—as it positions itself for a future listing on a senior exchange such as NASDAQ or another national market that best serves the interests of its shareholders. 'This move reflects our ongoing commitment to transparency, credibility, and investor confidence,' said T. Benjamin Jennings, CEO and Chairman of the Board. 'While we are proud of the progress that brought us here, this is just one step in a broader plan. We are gearing up for our next major milestone—uplisting to a national exchange when the time and conditions are right.' 'The hard work and dedication reflects a team driven by purpose and grounded in persistence,' said Cristopher Proler, President and Vice Chairman of Panamera Holdings. 'Nothing about this journey has been easy, but every step has been intentional. We believe the impact of what we're building will be significant-for our team, our shareholders, and the future of this industry.' About Panamera Holdings Panamera Holdings is leveraging over 90 years of expertise in metal recycling technology, waste and financial innovation combined with revolutionary advancements that are poised to redefine clean energy. With a deep legacy in industrial innovation and a forward-looking approach to CO₂ utilization, sustainability and profitability, Panamera is building the future of resource recovery and emission transformation.
Motor 1
12-05-2025
- Automotive
- Motor 1
Is Porsche Delaying The Electric 718 and Three-Row SUV?
Porsche once dreamt EVs would make up over 80 percent of its annual sales by the end of the decade, a goal reaffirmed most recently in March 2024. However, that target is now looking increasingly unrealistic. Zuffenhausen has reaffirmed its long-term commitment to internal combustion by launching a first-gen Macan replacement with a gasoline engine in a few years. Additionally, the Panamera and Cayenne will keep ICE well into the 2030s. According to a new report from Automobilwoche (subscription required), Porsche may have hit pause on a couple of key EV projects. The electric 718 and a new three-row SUV have reportedly been delayed, not only due to weaker-than-expected demand for EVs, but also because of the bankruptcy of battery supplier Northvolt. The setback allegedly affects the launch of the electric Boxster/Cayman duo and the flagship SUV planned to slot above the Cayenne. In Porsche's defense, it never provided a firm date for the next-gen 718's arrival. When we spoke with spokesperson Stefan Mayr-Uhlmann in March, he indicated the EV sports cars were due 'mid-decade.' He also noted the electric Boxster/Cayman would launch after the Cayenne EV. The 718 EV was supposed to come out first, but that order has since been reversed. The electric SUV is now scheduled to debut later this year . Still, Automobilwoche's suggested 2027 release date for the electric 718 would be significantly later than 'mid-decade.' In the meantime, it's already been nearly a year since Porsche pulled the plug on the gas-powered Boxster and Cayman in European markets due to new cybersecurity regulations. Limited-run versions like the Cayman GT4 RS and Boxster RS Spyder are exempt . Production of the current-generation 718 models is set to end later this year, as confirmed by Porsche's production boss Albrecht Reimold in a July 2024 interview with Automobilwoche . If the timeline holds, Porsche will be without a Boxster or Cayman in its portfolio for roughly two years. Three-row Porsche electric SUV rendering by Motor1 As for the large SUV, Porsche first teased the project three years ago during a press conference. Codenamed 'K1,' the new model will ride on the Scalable Systems Platform (SSP) Sport platform developed in-house. CEO Oliver Blume has described the upcoming flagship as delivering 'strong performance,' featuring 'automated driving functions,' and a 'completely new experience' inside the cabin. B ut Automobilwoche now reports that the K1 won't launch until the end of the decade. We reckon it's likely one of the models Porsche originally envisioned strictly as an EV, but may now be reconsidering for a hybrid or ICE setup . Last November, then-CFO Lutz Meschke hinted at this shift in direction: 'We are currently looking at the possibility of the originally planned all-electric vehicles having a hybrid drive or a combustion engine. We are currently in the middle of making conceptual decisions. What is clear is that we are sticking with the combustion engine for much longer.' Meanwhile, Porsche recently walked back its plans to ramp up battery production at wholly owned Cellforce subsidiary, citing the 'slower ramp-up of electromobility.' However, the company did acquire V4Drive GmbH from Varta earlier this year. Their cylindrical cells are already being used in the new 911 GTS, and additional models are expected to follow. There's speculation that the next GT2 RS will also feature some level of electrification. Even so, Porsche has firmly stated that a fully electric 911 won't arrive before 2030. Who would want one anyway? We might as well be asking the same question for the 718. Porsche's Future EVs: Porsche Is Still Testing the Electric Cayman and Boxster Porsche Flagship EV Will Have All-New Interior And Automated Driving Functions Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Source: Automobilewoche (subscription required) Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
