Data provided by iNet BFA
Loading...
See More

Porsche recalls all Panamera cars

Apr 28 2010 14:50

Related Articles

Porsche profit skids 83%

VW, Porsche seal merger deal

VW, Porsche seal merger deal

Porsche eyes speedy 2010 sales

VW aims high after Porsche coup

VW close to Porsche takeover

 
 

Frankfurt - German sports car maker Porsche said on Tuesday it was recalling all its 11 324 newly launched four-door Panamera cars due to possible seatbelt problems.

A spokesperson said the "precautionary" recall was because seatbelt mounts on the Panamera, launched in September 2009, could fail when the front seats are adjusted in an extreme forward position.

"There have not been any accidents," the spokesperson said.

The Panamera, which in Germany sells for between €75 899 and €135 154 for the Turbo, was launched as Porsche's newest model range alongside the Boxster, the Cayman, 911 and the Cayenne.

Porsche is targeting 20 000 Panamera sales a year and is counting on the car to boost growth and profits after the global recession sent the global luxury auto industry into reverse.

Volkswagen in December acquired a 49.9% stake in Porsche's sports car operations for €3.9bn as part of a complex merger expected to be finalised in 2011.

The recall is the latest blow to automakers after recent accelerator and brake problems tarnished the reputation of Japan's Toyota.

- AFP

toyota  |  recalls  |  porsche  |  volkswagen
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

Passive investment for retirement

The use of passive investment products, like Exchange Traded Funds, to deliver low-cost investment performance is taking off.

 
 

Start saving...

Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account
All about endowments

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...