Dr. Ing. h.c. F. Porsche AG engages in automotive and financial services businesses. The company engages in the development, manufacturing, and sale of vehicles, as well as provision of related services. It also offers customer and dealer financing, leasing, and mobility and other finance-related services; and accessories and fashion products. The company was formerly known as Porsche Fünfte Vermögensverwaltung AG and changed its name to Dr. Ing. h.c. F. Porsche AG in November 2009. The company was founded in 2009 and is based in headquartered in Stuttgart, Germany. Dr. Ing. h.c. F. Porsche AG operates as a subsidiary of Porsche Holding Stuttgart GmbH.

Dr. Ing. h.c. F. Porsche AG

Porsche AG

MHP – A Porsche Company

Porsche Digital

Porsche Cars Canada, Ltd.

Porsche Financial Services, Inc.

Porsche Design of America

Porsche Latin America, Inc.

At Porsche Cars North America, we thrive on a foundation of precision engineering fueled by the American entrepreneurial spirit; we carry on the vision of our founder, Ferry Porsche, by delivering impassioned experiences as legendary as the cars we build, and we do it every day. We are fueling Porsche Passion as an unprecedented brand built on the idea that we are better together as a diverse and gifted workforce united in the desire to be the world’s most aspirational brand and most empowering employer.
As an extension of the Porsche family, each of our team members brings a unique perspective and master craft to our workforce. We boast the brightest engineers, brand builders and marketing minds, business development leaders, analytical aficionados and corporate professionals in the automotive business – not because we want to lead our industry in performance and customer satisfaction, but because we do.

Porsche Cars North America

The team at PCNA is thrilled to report record U.S. retail sales for 2023 – selling 75k cars during its 75th year. Amongst the model lines, the 911 and Macan were the frontrunners of 2023. For the first time since 2007, PCNA sold more than 11,000 911 models in a single year; an increase of 14.6 percent versus 2022.

“A remarkable and cherished year for so many reasons – from celebrations of our 75th anniversary to the introduction of the new Cayenne to the record number of customers across America choosing a Porsche. To each and every one of those who purchased one of our vehicles, we express our sincere gratitude. Through our network of independently owned and operated dealers, we are elated Porsche ranked number one among luxury brands in the 2023 J.D. Power U.S. Sales Satisfaction Index Study.” said Timo Resch, President and CEO of PCNA. “We enter 2024 thriving in the U.S., focused on supporting our customers today, and inspiring the customers of tomorrow, through the debuts of several exciting and truly special new cars.”

For more information visit PCNA’s Newsroom: https://lnkd.in/eRfCAkMp
 
#DrivenByDreams #PorschePassion

As 2023 draws to a close, the PCNA team is taking a moment to reflect and express our gratitude to you - our customers, enthusiasts, our Porsche Center partners and our team members across North America.

What a special year it has been.

Together we have celebrated the 75th anniversary of the first Porsche sports car in spectacular style. We welcomed a new President and CEO – Timo Resch and opened a thrilling new West Track at the Porsche Experience Center Atlanta. As a brand, we introduced an array of incredible new cars, celebrated with over 91,000 Porsche enthusiasts at Rennsport Reunion, built a new stand-alone Classic Restoration Center and fostered meaningful relationships within our local communities, including offering key support for education and learning programs.

As a team, we have gone further, faster and even higher than ever before while welcoming new talented, energized, and creative colleagues across the country who are helping us drive Porsche Passion in new ways. 

Happy Holiday Season from all of us at PCNA. We look forward to new roads ahead in 2024. #PorschePassion #DrivenByDreams

Today, Volkswagen, Audi, Porsche and Scout Motors announced the planned implementation of the North American Charging Standard (NACS) for future products in the North American region, beginning in 2025. 

This agreement is intended to expand customer charging access to more than 15,000 Tesla Superchargers – in addition to the more than 3,800 DC fast charging outlets currently in operation by Electrify America and Electrify Canada. 

You can learn more in our newsroom: https://lnkd.in/eyAXbKWW
 
#Porsche #DrivenByDreams #NACS #ElectricVehicles

A small team, aiming for the sky. 

Much more can be found here: https://lnkd.in/gxMkdX-Z
#PorschePassion #DrivenByDreams #911

This week, we came together for the first Town Hall led by Timo Resch, President and CEO, Porsche Cars North America – a chance to reflect and to look ahead at plans for 2024, to answer questions and exchange ideas, and share news of the imminent opening of our reimagined office space here at One Porsche Drive in #Atlanta. 
 
A special moment, and our first steps together as a new team. 
 
#PorschePassion #DrivenByDreams

On Saturday, a Porsche 911 set a new world record on top of the world. 

Driven by racer Romain Dumas, the 911 (which was powered by HIF eFuels) reached the summit of the west ridge of Chile’s Ojos del Salado volcano – an altitude of 22,093 feet – beating the previous record set in 2020. 

Congratulations to the small team of passionate enthusiasts from the US, Chile, France, Canada, Germany, Switzerland and the UK who supported the project and aimed for the sky. #DrivenByDreams #PorschePassion #Porsche911

Learn more by clicking here: https://lnkd.in/g-Z75eqy

Meet the re-imagined Panamera. 

Entering its third generation, the 2024 Porsche Panamera will reach U.S. Porsche Centers in Spring next year. Sporting enhanced styling, a new interior layout focused on the driver, powerful powertrains including expanded plug-in hybrid options and innovative suspension technology, it aims to cement its claim as the sports car of the segment. 

Read much more here: https://lnkd.in/g9nDZqyZ 
 
#PorschePassion #DrivenByDreams #Panamera2024

For almost 50 years, Turbo models have represented the pinnacle of most model lines at Porsche. And now, they are about to become even more special. 

The Turbonite treatment, reserved exclusively for Turbo models, will debut on the next Porsche Panamera generation and features a special trim for the exterior and interior - including front fascia, seat stitching, and even a special version of the Porsche crest. 

Click here to find out more: https://lnkd.in/gBeVEiBj
 
#PorschePassion #DrivenByDreams #Design

Porsche is proud to honor the heroes among us.
 
For the fourth year in a row, One Porsche Drive in #Atlanta was the backdrop for a special celebration honoring team members, their family and our community friends who have served in the United States military. This year the Salute our Veterans Business Resource Group (BRG) put on the Veterans Day Honorary Track Experience & Celebration of Service, welcoming guests from the Greater Atlanta community, our community partners at Delta, members of the Porsche Club of America who have served, and more. A special message of perseverance and determination was delivered by First Lieutenant Nyesha A. Hoskins, United States Marine Corps S-4 Officer in Charge, Combat Logistics Regiment 45 who has contributed to paving the way for women in the Marine Corps.
 
“This Veterans Day – and every day – we are grateful for the sacrifices of our U.S. military veterans and their loved ones. Thank you for your service to our great nation,” said George Feygin, General Counsel, PCNA and Executive Sponsor, Salute our Veterans BRG. 

#DrivenByDreams #VeteransDay #DiversityEquityInclusionBelonging

Porsche Cars North America (PCNA) partnered with Make-A-Wish Georgia and Make-A-Wish Ohio, Kentucky & Indiana to grant a wish involving a very special, classic car. Evan Bothwell, of Zionsville, IN, wished to have a car makeover for his Porsche 944, inspired by Jake Ryan’s iconic car seen in the 1984 film Sixteen Candles. On November 3, Evan and his family gathered at the Porsche Classic Restoration Facility for its unveiling, and to complete his wish, Evan drove the newly renovated 944 back to his hometown in Indiana.

“We are proud to be able to help and support the work of the Foundation, and we send Evan our best wishes as he begins his journey in a special car,” said Timo Resch, President and CEO of PCNA. 
 
#PorschePassion #DrivenByDreams

	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	3.11B -	2.80B 10.18%	4.40B 57.26%	5.73B 30.29%	7.07B 23.39%	5.16B 27.05%
depreciation and amortization	1.55B -	3.04B 96.26%	3.36B 10.28%	3.21B 4.26%	3.19B 0.78%	3.53B 10.63%
deferred income tax
stock based compensation
change in working capital	-1.36B -	-1.19B 12.09%	-2.83B 137.33%	-811M 71.33%	-791M 2.47%	-1.62B 104.30%
accounts receivables	-505M -	-638M 26.34%	-734M 15.05%	-409M 44.28%	-252M 38.39%	-190M 24.60%
inventory	-851M -	-86M 89.89%	-223M 159.30%	-152M 31.84%	-1.01B 564.47%	-694M 31.29%
accounts payables
other working capital		-468M -	-1.87B 300%	-250M 86.65%	471M 288.40%	-732M 255.41%
other non cash items	537M -	-162M 130.17%	-785M 384.57%	-1.72B 118.60%	-2.35B 37.12%	-46M 98.05%
net cash provided by operating activities	3.85B -	4.49B 16.67%	4.14B 7.71%	6.42B 54.98%	7.11B 10.88%	7.02B 1.28%
investments in property plant and equipment	-3.16B -	-2.99B 5.19%	-2.77B 7.38%	-3.04B 9.78%	-1.95B 35.89%	-4.10B 109.99%
acquisitions net		-6M -	-46M 666.67%	-352M 665.22%	-183M 48.01%	-148M 19.13%
purchases of investments		-211M -	-346M 63.98%	-635M 83.53%	-759M 19.53%	-90M 88.14%
sales maturities of investments			346M -	2.08B 500.29%	18M 99.13%	50M 177.78%
other investing activites	-409M -	-426M 4.16%	-201M 52.82%	-4.01B 1,896.02%	-3.73B 7.00%	3.07B 182.39%
net cash used for investing activites	-3.57B -	-3.64B 1.96%	-3.02B 16.97%	-5.96B 97.58%	-6.61B 10.75%	-1.21B 81.67%
debt repayment		-41M -	-2.55B 6,119.51%	-3.81B 49.57%	-426M 88.83%	-1.33B 211.97%
common stock issued		1.27B -	1.03B 19.25%	471M 54.18%	3.06B 549.04%
common stock repurchased		-77M -	3.12B 4,151.95%	5.13B 64.52%	426M 91.70%
dividends paid	-2.16B -	-2.29B 6.35%	-1.80B 21.45%	-1.86B 3.44%	-3.36B 80.31%	-4.89B 45.64%
other financing activites	1.55B -	723M 53.38%	282M 61.00%	-444M 257.45%	-785M 76.80%	2.52B 421.53%
net cash used provided by financing activities	-606M -	-334M 44.88%	78M 123.35%	-518M 764.10%	-1.09B 110.23%	-3.70B 239.76%
effect of forex changes on cash	2M -	23M 1,050%	-29M 226.09%	50M 272.41%	-2M 104%	-31M 1,450%
net change in cash	-325M -	876M 369.54%	1.17B 33.56%	-17M 101.45%	-582M 3,323.53%	2.10B 461.00%
cash at beginning of period	2.96B -	2.63B 10.98%	3.17B 20.46%	4.34B 36.86%	4.33B 0.39%	3.72B 14.05%
cash at end of period	2.63B -	3.51B 33.24%	4.34B 23.73%	4.33B 0.39%	3.75B 13.45%	5.82B 55.41%
operating cash flow	3.85B -	4.49B 16.67%	4.14B 7.71%	6.42B 54.98%	7.11B 10.88%	7.02B 1.28%
capital expenditure	-3.16B -	-2.99B 5.19%	-2.77B 7.38%	-3.04B 9.78%	-1.95B 35.89%	-4.10B 109.99%
free cash flow	688M -	1.49B 117.01%	1.37B 8.37%	3.37B 146.56%	5.16B 53.07%	2.93B 43.33%

COM:PORSCHE

Porsche AG

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25/11 09:25

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