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Tuesday, June 17, 2008

 

Porsche celebrates 60th anniversary

 
Stuttgart: German sports carmaker Porsche marked its 60th anniversary on June 8, the company having started operations in 1948 with the first Porsche prototype. The first model, with the vehicle identification number 356-001, received its official approval and homologation for road service.

“It all started when I began looking around and just could not find my dream car,“ said company founder Ferry Porsche at the time. “So I decided to build it myself.”

In the past six decades, the carmaker said it has not only experienced peaks but also troughs. Yet, it said that thanks to efficient production methods, clear branding and innovative models such as the 356, 911, Boxster and Cayenne, the once small sports car specialist quickly transformed itself into one of the most successful and profitable automobile manufacturers in the world.

 “Today, Porsche is stronger than ever,“ said present Porsche CEO Dr. Wendelin Wiedeking.

“We have the broadest and most appealing automobile model range in the history of our company. We have our costs and our processes under control and thus ensured our independence for the long term. We have always seen ourselves as David who must stand up to the Goliaths in this industry. This has what shaped us throughout the years and made us successful,” said Wiedeking. 

The carmaker revealed that when Wiedeking took over management in 1992, Porsche had reached the peak of its most serious economic crisis. The company was in danger of losing its most valuable asset—its independence.

Porsche said Wiedeking not only had the Boxster produced, but also brought about the company’s turn-around through other economic measures.

Under the generic terms “lean management” and “lean production,” new organizational and production workflows were introduced and the company’s hierarchy and process structures were reorganized. In 1995, Porsche was back in the black and began to assume a leading position by breaking new revenue, sales and earnings records annually, the carmaker said.

On its 60th year, Porsche also revealed that it develops new technologies not just to improve driving features but also to continuously optimize the cars for environmental sustainability. In the last 15 years, Porsche said it has succeeded in reducing the fuel consumption of its new cars as well as CO2 emissions by an average of 1.7 percent annually. With regard to engine performance, Porsche said it currently ranks among manufacturers with the lowest CO2 emissions.

By 2012, the fuel consumption in Porsche vehicles is going to be reduced by 20 percent more, the carmaker said, through new innovative engine technologies such as the hybrid drive for the Cayenne and Panamera.

   
 

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Ping Oco, Franklin Bartolay
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