The China Mail - Porsche, luxury carmaker with storied history

USD -
AED 3.672502
AFN 63.999486
ALL 81.123148
AMD 360.508345
ANG 1.789785
AOA 918.000086
ARS 1543.514798
AUD 1.424928
AWG 1.8025
AZN 1.702956
BAM 1.744435
BBD 2.013263
BDT 124.343874
BGN 1.747831
BHD 0.377375
BIF 3005.17765
BMD 1
BND 1.278581
BOB 12.140484
BRL 5.438098
BSD 0.999585
BTN 94.811201
BWP 13.808328
BYN 2.953267
BYR 19600
BZD 2.01032
CAD 1.39557
CDF 2315.00002
CHF 0.81927
CLF 0.024999
CLP 983.869786
CNY 6.661103
CNH 6.646435
COP 3210.39
CRC 454.527211
CUC 1
CUP 23.989333
CVE 98.348593
CZK 21.705027
DJF 177.999777
DKK 6.666575
DOP 60.740391
DZD 135.746972
EGP 55.353206
ERN 15
ETB 162.433359
EUR 0.891991
FJD 2.255901
FKP 0.746765
GBP 0.74495
GEL 2.59564
GGP 0.746765
GHS 11.655257
GIP 0.746765
GMD 73.999842
GNF 8847.047491
GTQ 7.642051
GYD 209.539525
HKD 7.846405
HNL 26.869372
HRK 6.76901
HTG 131.015506
HUF 324.899501
IDR 18103.3
ILS 3.13755
IMP 0.746765
INR 94.701804
IQD 1515.298819
IRR 1868414.999984
ISK 121.49036
JEP 0.746765
JMD 158.843703
JOD 0.708969
JPY 157.694992
KES 129.880235
KGS 87.449801
KHR 4088.71367
KMF 441.000466
KPW 899.999961
KRW 1343.910212
KWD 0.31133
KYD 0.832995
KZT 452.368741
LAK 22506.053971
LBP 89514.01494
LKR 332.306128
LRD 169.921466
LSL 16.636267
LTL 2.95274
LVL 0.60489
LYD 6.414756
MAD 9.828437
MDL 18.057593
MGA 4514.054577
MKD 54.899425
MMK 2099.693878
MNT 3599.326016
MOP 8.078026
MRU 40.503405
MUR 47.32013
MVR 15.450099
MWK 1733.348199
MXN 18.63312
MYR 4.071703
MZN 63.910219
NAD 16.636267
NGN 1343.449788
NIO 36.783168
NOK 9.289085
NPR 151.697565
NZD 1.77574
OMR 0.3845
PAB 0.999799
PEN 3.467019
PGK 4.482837
PHP 63.282502
PKR 276.504083
PLN 3.943245
PYG 5917.059487
QAR 3.653878
RON 4.763604
RSD 104.885009
RUB 81.126454
RWF 1478.412502
SAR 3.764439
SBD 8.058206
SCR 13.712058
SDG 601.499087
SEK 9.76547
SGD 1.27859
SHP 0.748335
SLE 22.890934
SLL 20969.504398
SOS 571.280766
SRD 37.579499
STD 20697.981008
STN 21.85227
SVC 8.746259
SYP 13001.999685
SZL 16.630915
THB 33.704988
TJS 9.191303
TMT 3.5
TND 2.987517
TOP 2.40776
TRY 49.967099
TTD 6.761717
TWD 32.572043
TZS 2644.552981
UAH 45.650373
UGX 4277.693292
UYU 40.190338
UZS 11944.718217
VES 887.479799
VND 25764
VUV 118.915185
WST 2.776217
XAF 585.107667
XAG 0.019621
XAU 0.000252694354
XCD 2.70255
XCG 1.80143
XDR 0.707052
XOF 585.107667
XPF 106.371498
YER 236.198411
ZAR 16.590975
ZMK 9001.200113
ZMW 20.242167
ZWL 321.999592
SSP 5745.217636
MXV 2.098444
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Porsche, luxury carmaker with storied history
Porsche, luxury carmaker with storied history / Photo: © AFP/File

Porsche, luxury carmaker with storied history

Germany luxury carmaker Porsche is gunning for a blockbuster IPO on the Frankfurt Stock Exchange this week. Here are five facts about the automobile giant:

Text size:

- Dial 911 -

Porsche made waves at the Frankfurt international motor show in 1963 when it unveiled a new car with a six-cylinder engine designed to succeed its 356 model.

The manufacturer originally intended to call it the 901 -- but Peugeot had already laid claim to all the three-digit numbers with a zero in the middle, prompting Porsche to settle for 911.

The number is now strongly linked to the brand -- to call the company, 911 is on every phone number after the local dial code. The company's capital amounts to 911 million shares, and its shares will be traded under the code P911.

- Electric car pioneer -

Volkswagen, the parent company of Porsche, has launched a well-publicised drive to dump combustion engines -- but in fact, it produced its first electric vehicles over a century ago.

At the Porsche museum in Zuffenhausen, southern Germany, a kind of old stage coach described as the first Porsche in history is on display.

Built in 1898 by the company's founder Ferdinand Porsche, the "Egger-Lohner C.2 Phaeton" ran on electric power.

Two years later, Porsche unveiled a new model the "Lohner-Porsche", a petrol-electric hybrid.

- On screen -

Porsches have made regular appearances on the silver screen over the years. One of the best-known instances is the 1971 movie "Le Mans", starring Steve McQueen as Michael Delaney, an American driving a Porsche 917 against a German rival in a Ferrari at the famous 24-hour race in France.

In the 1995 cop film "Bad Boys", Will Smith's character drives a 911 Turbo, as he and a fellow detective investigate the theft of a massive haul of heroin from a police vault.

One of Hollywood star Tom Cruise's earliest hits, 1983 teen comedy "Risky Business", features a Porsche 928. Cruise's character is forbidden from driving the car while his parents are away -- but he does just that, and it ends up sinking into a lake.

In "Scarface", Al Pacino -- playing a Cuban immigrant who becomes a powerful drug lord in Miami -- also drives a Porsche 928.

- And in motorsports -

Porsche is one of the world's biggest race car manufacturers. After enjoying moderate success with early models on long-distance races in the 1950s and 60s, the 917 drove the manufacturer to a coveted first victory at the Le Mans 24 Hour Race in 1970, an event it has triumphed in repeatedly since.

The iconic 911 has done particularly well in rallies, including the Monte Carlo rally.

The manufacturer has also raced in Formula One. They had a team from 1957-62, although they only raced in two complete seasons 1961/62, with their only victory Dan Gurney's in the 1962 French Grand Prix.

They returned to the circuit in 1983 providing the engines for the McLaren team and enjoyed great success -- McLaren won two successive constructors championships in 1984 and 1985.

However, its negotiations with Red Bull for a partnership that would have allowed them to return to F1 failed earlier this month.

- Porsche and Piech -

The Porsche-Piech family are the main shareholders of the Volkswagen group, and have roots in Germany's auto industry stretching back decades.

An Austrian-born engineer, Ferdinand Porsche was founder of the luxury car brand that bears his name. In addition, he created the Volkswagen Beetle and designed the iconic, open-top Mercedes-Benz SSK sports car.

During World War II, he contributed to the German war effort by helping produce weapons systems, and was a member of the Nazi party. He died in 1951.

Ferdinand Piech was the grandson of Ferdinand Porsche. Chief executive of VW from 1993 to 2002, he helped to transform the group into a global auto giant in the face of fierce competition, particularly from rivals in Asia.

He reorganised the group and cleaned up its books at the cost of tens of thousands of jobs, and was a notoriously tough manager nicknamed "the emperor" and "the patriarch" by German media.

He died in 2019.

G.Fung--ThChM