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Originally Posted by southernstar
Who knows what this will ultimately cost Porsche in terms of damaged reputation and lost business.
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Not very much. The average person who owns a Porsche now doesn't know that engines went down or even know what an IMS is. Namely because they are increasingly Pana and Cayenne buyers. Porsche could completely stop selling Boxsters/Caymans and Carreras and still be an extremely successful company. And From what Jake Raby has posted, the Cayenne engines are not at all plagued with these m96 issues. Also, Porsche doesn't make their bread and butter from people who hold onto their cars long enough to see the error of their engineering ways. Porsche is firmly a luxury brand now and that sort of buyer gets antsy when their car seems like its old hat. Luxury car brands making mediocre cars as far as durability and longevity is not a ground breaking achievement for Porsche. Just look at the other German brands losing half their values before the warranty is even up.
Quote:
Originally Posted by southernstar
but the fact that publications such as Autoweek are continuing to report on it suggesst that the bleeding is far from over for Porsche.
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Autoweek's reporting of this issue did not do us, the present owners, any good. For very obvious reasons of heightening the drama they chose not to tell the readers of this piece that there have been fixes for this issue since 2010. Read the comments and you'll dozens of people saying "oh I will never buy a used Porsche now". Either Mandel is very very sloppy in doing his research or Autoweek deliberately presented this as a "no remedies that will cost Porsche and owners untold fortunes". If it was meant to inform, particularly those time-out of the settlement, then he at the very least could have provided links for LNE, Pelican or other experts who can carry out preventative maintenance on the issue or that you can instal a simple dash-mounted device to alert you a impending failure -- a simple mod that could have saved the owner a total loss on the car's purchase price.. This is type of IMS reporting we can all do without: Partial facts and no shortage of dramatics and colorful language.