Driving a classic Porsche 911 that's better than new – and just as expensive [Globe and Mail, The (Toronto, Canada)]
PORSCHE AUTOMBL UNSP/ADR (POAHY)
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Source: Globe and Mail, The
A diehard Porsche-head with $300,000 burning a hole in their pocket could buy a brand new Porsche 911 GT3 or any number of oh-so-cool vintage 911s, but the team at Woodbridge, Ont.-based shop Pfaff Tuning would like drivers to consider a third option: Teddy. Teddy is a 1990 Porsche 911 Carrera 2 (type 964) that the team at Pfaff Tuning have completely restored and upgraded over the course of roughly 300 hours. It looks like an old car, but feels faster and sharper than any standard old 911, plus it comes with a two-year engine warranty for peace of mind. “[Teddy] is not a huge money-making project. It's more of a passion thing for us, and, like, just what we love,” said Erik Morrison, the operations manager at Pfaff Tuning. The car cost roughly $120,000 to purchase, and Pfaff spent $80,000 on the engine and $25,000 on new wheels and brakes. “We're not winning the lottery here; there's a big build cost,” he said. @globedrive Globe Drive's Matt Bubbers checks out a 1990 Porsche
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Analyst Actions
- 8/20/24 - Sanford C. Bernstein
POAHY
Sec Filings
- 9/26/24 - Form F-6EF
- POAHY's page on the SEC website