Porsche recalled all 785 of their $190,700 supercars amid concerns of significant fire danger; they seem to have penciled in a solution and will soon be rolling out fixes, according to a new report. For a company that makes approximately $23,000 on each car that they sell (with a total of 162,145 units sold last year), they are in decent shape and the recent news of GT3s catching on fire does not seem to have slaughtered their stock, though this might have been mitigated by their most recent earnings report.
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Porsche CEO, Matthias Muller provided this tidbit in a recent statement: “We know the reason and the problem-solving measures…We’re testing them.” As a result, Porsche have not outlined a specific timeframe, but will “shortly” be advising service centers and dealers of the fix and their self-imposed ban on driving of all MY 2014 GT3s will be lifted.
-By: Sawyer Sutton
Source: Bloomberg News