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Porsche confirms new modelPorsche also announces new head of Research and Development

Porsche confirms new model - Porsche also announces new head of Research and Development

Australia. The Supervisory Board of Dr. Ing. h.c. F. Porsche AG, Stuttgart, made two significant announcements overnight:  1) confirmation of a new SUV model under the working name of “Cajun”, and 2)  the appointment of Wolfgang Hatz (51) to its Board of Management as the head of Research and Development, replacing Wolfgang Dürheimer (52) from February 1, 2011.

Mr. Dürheimer will take over as Chairman of the Executive Board of Bentley Motors, as well as becoming the President and Chief Executive Officer of Bugatti S.A.. In addition, he will assume the function of Motorsport Director for the Volkswagen Group.

Matthias Müller, Chairman of the Executive Board of Porsche AG, acknowledged the outstanding commitment shown by Dürheimer over the past 10 years: “A number of new models and model series spurring the international success and growth of the sports car manufacturer were created under his leadership. Cayenne, Panamera and the RS Spyder racing car all bear the unmistakable hallmark of Wolfgang Dürheimer, and are a testament to his outstanding expertise in the field of intelligent and efficient sports car development.”

Müller also expressed his satisfaction at the recruitment of “a renowned engineering expert from within the Group” as Dürheimer’s successor: “Wolfgang Hatz has many years of experience with Volkswagen, and all the credentials needed to strengthen the position of Weissach as a competence centre for sports car development.”

Wolfgang Hatz was engaged as an engineer and project leader in engine development at BMW AG and at BMW Motorsport from 1983 until 1989.

He joined Porsche in 1989 and was, among other functions, involved in the development of the Formula 1 engine. As an engineering graduate, Hatz took up a post at Knorr Bremse in 1993, and in 1995 became Technical Director of Motorsport at Opel before taking over as Head of Engines and Transmissions Development at Fiat in 1997.

Hatz joined the Volkswagen Group in 2001. Here, too, he served as Head of Engines and Transmissions Development at Audi until 2009, having assumed the same function within the VW Group in February 2007.

In confirming the “Cajun” the Supervisory Board has instructed the Board of Management to drive forward the development of a further model to series production.

This efficient and sporty model will further expand the world’s most successful Porsche segment in the SUV sector. In addition to the new Cayenne, which has clearly consolidated its market position as the most successful sporty SUV in the premium segment, the "Cajun" will also have a very positive impact with its typical Porsche features such as light weight, ease of handling and agility.

As an attractive entry model in the Porsche world, the "Cajun" will attract new and even younger customers to the premium brand along with the Boxster, the market leader in the segment of two-seater, mid-size sports cars.

30/11/2010