April 18, 2014 3:09 PM ET

Specialty Retail

Company Overview of Porsche Cars North America, Inc.

Company Overview

Porsche Cars North America, Inc. engages in the import, marketing, and sale of Porsche sports cars, sport utility vehicles, and sports sedans in the United States. The company also provides pre-owned vehicles; and city bicycles. It offers products through dealers. The company was founded in 1984 and is based in Atlanta, Georgia with a regional support center in Easton, Pennsylvania. Porsche Cars North America, Inc. operates as a subsidiary of Porsche Automobil Holding SE.

980 Hammond Drive

Suite 1000

Atlanta, GA 30328

United States

Founded in 1984

Phone:

770-290-3500

Fax:

770-290-3700

Key Executives for Porsche Cars North America, Inc.

Chief Executive Officer and President
Chief Operating Officer and Executive Vice President
Chief Executive Officer of Porsche Cars Australia
General Manager of Public Relations
Compensation as of Fiscal Year 2013.

Porsche Cars North America, Inc. Key Developments

Porsche Cars North America, Inc. Reports Sales Results for the Month and Year to Date Ended March 2014

Porsche Cars North America, Inc. reported sales results for the month and year to date ended March 2014. The company announced March sales of 3,808 vehicles compared to 3,486 vehicles sold in March of 2013, an increase of over 9% and a new high for that month. For the year to date, the company has delivered 10,136 vehicles against 9,650 during the same period last year, an increase of 5%.

Porsche Cars North America, Inc. Introduces Boxster GTS and Cayman GTS Models

Porsche Cars North America, Inc. introduced Boxster GTS and Cayman GTS models. For the first time, the Porsche Boxster and Porsche Cayman will be offered as GTS models. As is typical for Porsche, these models feature more powerful engines and additional standard performance equipment. The new Boxster GTS and Cayman GTS models are visually defined by more than just a badge: they offer as standard equipment unique front and rear fascias, blacked out Bi-Xenon(TM) headlights with the Porsche Dynamic Light System (PDLS), 20-inch Carrera S wheels and a sport exhaust system with black tailpipes as standard. The Boxster GTS and Cayman GTS are built specifically for maximum driving pleasure. The 3.4-liter 6-cylinder boxer engine of the Boxster GTS and Cayman GTS models delivers an additional 15 hp compared to their "S" model counterparts. This means that the Boxster GTS has 330 hp and the Cayman GTS has 340 hp. Torque has been increased by 7 lb.-ft. in each model: 273 lb.-ft. in the Boxster GTS and 280 lb.-ft. in the Cayman GTS. The Sport Chrono package is now a standard feature with either the 6-speed manual or the optional 7-speed Doppelkupplungsgetriebe (PDK) transmission. This means with the optional PDK transmission and Sport Plus button activated, the Boxster GTS reaches 60 mph from a standstill in 4.4 seconds and 4.3 seconds in the Cayman GTS. Top track speed for the Boxster GTS is 174 mph with a manual transmission and 177 mph for a Cayman GTS equipped with a manual transmission. The Boxster GTS and Cayman GTS feature Porsche Active Suspension Management (PASM) as standard, which offers the choice of sportier or more comfortable ride settings at the press of a button. The 235/35 front and 265/35 rear tires on 20-inch Carrera S wheels provide the perfect setup for a balanced driving experience. Like other Porsche GTS models, the interior of the Boxster GTS and Cayman GTS feature an Alcantara(R) wrapped steering wheel, headliner, center console, and inserts on the standard Sport Seats Plus. Additional visual elements include GTS nomenclature embroidered into the headrests and printed on the tachometer face. The Boxster GTS is priced from $73,500 and the Cayman GTS is priced from $75,200, excluding destination charges of $995. Both models will be available for delivery this summer.

Penske Automotive Group, Inc. Signs Letter of Intent with Porsche Cars North America to Construct a New Dealership in Broward County

Penske Automotive Group, Inc. has signed a letter of intent with Porsche Cars North America to construct a new Porsche dealership in Broward County. This new dealership will represent the company's seventh (7th) Porsche dealership in the U.S and fifteenth (15th) worldwide. The company intends to build a new, state-of-the-art, world-class dealership to represent the Porsche brand on over 7 acres of property ideally located along Interstate 75 in Davie, Florida. The dealership is expected to be completed in the second quarter of 2015 and will be named Porsche of West Broward. The company estimates the new Porsche dealership will generate approximately $125 million in annualized revenue.

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