Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

PORSCHE AUTOMOBIL HOLDING SE

(PAH3)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

German car authority investigates Porsche over fuel consumption data

06/10/2021 | 04:46am EDT
FILE PHOTO: A logo of Porsche is seen outside a Porsche car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels

BERLIN (Reuters) - Germany's car authority KBA has started a probe against Porsche, suspecting incorrect fuel consumption data for gasoline-powered cars, news portal Business Insider reported on Thursday.

Porsche said it had made a voluntary notification to the authority as "a pre-cautionary measure" a year ago, regarding conformity issues with individual vehicles.

"The current procedure has already been able to find no conformity deviations in the large majority of vehicles," a Porsche spokesperson said in an emailed statement.

The number of vehicles affected was "far less" than 1% of the Porsche fleet, the spokesperson said, adding no decision had yet been reached and that proceeding were at an early stage.

KBA was not immediately available for comment.

(Reporting by Kirsti Knolle and Jan Schwartz; Editing by Riham Alkousaa and David Evans)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
KOENIG & BAUER AG 0.00% 27.65 Delayed Quote.15.59%
PORSCHE AUTOMOBIL HOLDING SE 0.13% 94.3 Delayed Quote.66.99%
VOLKSWAGEN AG -2.44% 217.95 Delayed Quote.46.57%
All news about PORSCHE AUTOMOBIL HOLDING SE
06/21CUSTOMCELLS® : Cellforce Group GmbH: Joint Venture between Porsche and CUSTOMCEL..
AQ
06/21Porsche Backs Production of High-Performance Battery Cells in Germany
DJ
06/21CELLFORCE GROUP GMBH : Joint Venture between Porsche and CUSTOMCELLS​
AQ
06/21CELLFORCE GROUP GMBH : Joint Venture between Porsche and CUSTOMCELLS
AQ
06/21VOLKSWAGEN  : Porsche to decide soon on Bugatti future - CEO
RE
06/21PORSCHE AUTOMOBIL  : Plans JV to Produce High-Power Batteries for Electric Cars
MT
06/20VOLKSWAGEN  : Porsche to set up joint venture with German battery maker
RE
06/20VOLKSWAGEN  : Porsche to set up joint venture with German battery maker
RE
06/16PORSCHE AUTOMOBIL  : Croatia's hypercar maker Rimac explores strategic options
RE
06/16PORSCHE AUTOMOBIL  : Engineering the latest to set up in Romanian auto-manufactu..
AQ
More news
Financials
Sales 2021 118 M 141 M 141 M
Net income 2021 3 957 M 4 723 M 4 723 M
Net cash 2021 397 M 473 M 473 M
P/E ratio 2021 7,22x
Yield 2021 3,82%
Capitalization 28 843 M 34 451 M 34 420 M
EV / Sales 2021 241x
EV / Sales 2022 216x
Nbr of Employees 908
Free-Float 50,0%
Chart PORSCHE AUTOMOBIL HOLDING SE
Duration : Period :
Porsche Automobil Holding SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PORSCHE AUTOMOBIL HOLDING SE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 94,18 €
Average target price 112,46 €
Spread / Average Target 19,4%
EPS Revisions
Managers and Directors
NameTitle
Hans Dieter Pötsch Chairman-Management Board
Wolfgang Porsche Chairman-Supervisory Board
Lutz Meschke Head-Investment management
Ulrich Lehner Member-Supervisory Board
Ferdinand Oliver Porsche Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
PORSCHE AUTOMOBIL HOLDING SE66.99%34 341
TOYOTA MOTOR CORPORATION22.94%251 360
VOLKSWAGEN AG46.57%155 893
DAIMLER AG37.27%101 048
GENERAL MOTORS COMPANY42.27%85 938
BMW AG28.71%71 956