Porsche’s Future is Electric!

The premium sports activity coupe market is a competitive one. With Audi, Mercedes-Benz and BMW all producing quality vehicles, Porsche decided to join the fight. The Cayenne is Porsche’s answer to the competitors’ options. And Porsche is taking it one step further, they’re going to make the Cayenne all electric.

Recently, Porsche greenlighted the Mission E, its first all-electric car, and now it appears that Porsche is looking to use the work they have done on the Mission E for other vehicles in the lineup, more specifically the SUV. The Mission E is being designed off of the Panamara body and interior while they are going with the popular Cayenne for the SUV. They are currently designing a coupe version of the SUV and why not make it electric.

The UK’s Car Magazine recently spotted and posted pictures of the SUV prototype on the testing track in Zuffenhausen, Germany. 

 

“We know that Porsche is considering a coupe-ified, lower crossover to match the likes of the Mercedes-Benz GLE Coupe, BMW X6 and other slammed SUVs. But it’s also electric-powered, according to our sources. Which points to Porsche challenging the increasing number of crossover EVs being developed by the world’s premium car makers to remove the stigma from super-sizing your car.”

-Car Magazine

According to sources around the project, the Cayenne Electric SUV has not been approved for production and that they are still in the testing phase. But that is wont be long until Porsche makes an official announcement. Industry insiders are hoping that the SUV will be in full production by 2020.

 

Until then, Porsche still plans to provide you with its already amazing line of vehicles. Check out our inventory and contact us now to test drive your future Porsche now!

Porsche creating Jobs

Since 2010, Porsche has doubled its global workforce to over 26,000 employees to keep up with the growing demand. And now with Porsche starting to develop its first all-electric sports car to compete with Tesla, they plan on adding 1,400 more.

Porsche, a luxury division of Volkswagen AG, is also seeking about 900 positions will be created in production, 300 in development and 200 in administration for the project. They are also adding 300 information-technology specialists, 50 digital experts and more apprentices, part of an industry-wide hiring push as carmakers try to compete with the likes of Google and Apple Inc in connected-car technology.

The division has also been weighing a bid from Panasonic Corp to provide the long-range battery for the car, people familiar with the matter said in March. Final assembly of the battery systems will be done in-house at one of the new production facilities in Zuffenhausen and parts manufacturing for the new car will be flexible to offset swings in demand between electric vehicles and traditional combustion motors.

Porsche needs about 10,000 annual vehicle sales for a model to be profitable and as soon as 20,000 deliveries per year are reached, it starts to be fun in terms of returns reaped. When Porsche started the Cayenne and Panamera, they also signed off on the projects with estimated production volumes of 20,000 car annually. The Cayenne turned out to beat estimates significantly. Porsche’s best-selling model last year was the new Macan compact SUV, at 80,216 deliveries, followed by the Cayenne with 73,118 vehicles. Porsche sold 17,207 Panamera coupes in 2015 and is rolling out a revamped version this year.

Check out Porsches amazing vehicles here and contact us to take yours home today!