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Porsche Recalls High-Performance 911 GT3 After Fires

Porsche's 911 GT3 Sports Car
The price of the GT3 version of the iconic 911 starts at 137,303 euros ($188,000). Source: Porsche via Bloomberg

Feb. 20 (Bloomberg) -- Porsche AG is recalling the 911 GT3 and advising owners not to use the high-performance sports car after two vehicles caught fire following an engine failure.

The recall affects all 785 Porsche 911 GT3 vehicles from the current model year, the Stuttgart, Germany-based automaker said in a statement. The price of the GT3 version of the iconic 911 starts at 137,303 euros ($188,000).

“There have been no accidents or personal injuries,” the Volkswagen AG brand said in the statement. “The internal examinations of the reason for the engine failures aren’t finalized yet.” The two vehicle fires happened in Europe.

Recalls in recent months by carmakers, including VW, Chrysler Group LLC and Toyota Motor Corp., highlight the challenges of adding increasingly sophisticated technology to new models. The incidents involving the GT3 fires happened in Switzerland and Italy, German trade magazine Autobild reported on its website today.

“A recall of course isn’t good news, especially for such a high-profile vehicle,” Frank Schwope, a Hanover, Germany-based analyst at NordLB, said by phone.

Porsche Chief Executive Officer Matthias Mueller said this month that the marque plans to exceed 200,000 in annual deliveries in 2015, three years earlier than first targeted, on demand for the Macan compact sport-utility vehicle going on sale later this year. Porsche’s deliveries rose 15 percent to a record 162,145 vehicles in 2013 as demand for the Boxster and Cayman models more than doubled.

To contact the reporter on this story: Christoph Rauwald in Frankfurt at crauwald@bloomberg.net

To contact the editor responsible for this story: Chad Thomas at cthomas16@bloomberg.net

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