Blog 3/20/2023

Membership

Welcome to John Davidson of Tazewell, Virginia. John has an awesome 2021 718 Cayman GT4!

Trading Post

No activity this week.

Activities

Blue Ridge Region PCA Events

DateNameVenue 
Jul 24BRR-PCA Lunch Social - ArringtonBlue Mountain Barrel HouseRegister
Aug 14BRR-PCA Full Board MeetingBRR-PCA Location TBDRegister
Sep 11BRR-PCA Executive Board MeetingShakers Restaurant - RoanokeRegister
Sep 22BRR-PCA TRSS Volunteer Registration Sept 22 Salem Civic CenterRegister
Oct 9BRR-PCA Executive Board MeetingShakers Restaurant - RoanokeRegister
Nov 13BRR-PCA Full Board MeetingBRR-PCA Location TBDRegister
Dec 11BRR-PCA Executive Board MeetingShakers Restaurant - RoanokeRegister

Cars and Coffee

Cars and Coffee – March 22 ALERT LUNCH NEW NEW NEW

All Blue Ridge Region PCA members are invited and encouraged to attend Cars N Coffee on Wednesday March 22, 2023 starting at 11:30am.  Come for great cars and food, but most importantly to socialize with other club members!  What an awesome way to connect with club members at this week day special event.  

This is a limited capacity event so register early.  A waitlist will be maintained once the event fills to accommodate additional attendees as cancelations occur. 

The Neighbors Place
104 Paulette Circle
Lynchburg, VA 24502
(434) 455-4300

ALERT LUNCH NEW NEW NEW

Motorsports

Well, Sebring ended with a BANG! With just minutes remaining, there was a huge incident taking out the leaders. Absolute chaos as the 3 leading GTP cars of Mathieu Jaminet in the #6 Porsche, Filipe Albuquerque in the #10 Acusa and Felipe Nasr in the #7 Porsche all come together while battling for the win during the final states of the race. The #7 and #6 Porsche’s were destroyed as well as a Ferrari. The carnage cost $millions. Click here for more.

Porsche CEO Report

Porsche (P911.DE) on Monday issued its global 2022 results, with record revenues driving growth, especially in territories like the U.S. and China.

Porsche’s global revenue for 2022 hit a record $40.22 billion (37.6 billion euros), up 13.6% from a year ago, with operating profit jumping over 27% to $7.27 billion (6.8 billion euros). Overall deliveries of just under 310,000 vehicles and automotive net cash flow also set new records.

Results were driven by strong growth in the U.S, the U.K., and China despite sales dipping slightly there due to COVID-related lockdowns. But the focus for Porsche is still America.

“2022 was a milestone year for Porsche,” Porsche global CEO Oliver Blume said in a roundtable session with North America-based journalists. “In America the Porsche brand is stronger than ever.”

With its focus on crucial regions like the U.S., Porsche is leaning in hard on the luxury side of things for growth, noting that it was just named “the most valuable luxury brand in the world” by consulting firm Brand Finance. This thesis has lead investors to bid up Porsche shares, making it the most valuable European automaker.

This means Porsche will keep producing and evolving its high-end luxury/sports oriented SUVs like the Cayenne and Macan, which are popular in the U.S. and China. So while the Macan EV version is on the way for a 2024 release, so is a Cayenne EV too, coming in the back half of the decade.

More Here

Hogan’s Corner

On the way to Devil’s Backbone in 2016.

Porsche Gone Bad

First

Second

A few modifications!

Finally