Skip to main content

Porsche Helps Transport Nearly $14M in Gold Bars

It has all the makings of a movie plot, with three Porsche Panamera Turbo Sport Turismos transporting nearly $14 million in gold.

Last week Baird & Co., one of Britain’s leading bullion merchants and gold refiners, needed to organize a shipment of gold from its refinery to its new London showroom in Hatton Garden. A total of 24 bars needed to be moved, each weighing about 27.5 pounds (12.5 kilograms), with a combined value of approximately $13,787,800 (£10,000,000). But instead of sourcing a security company, Baird invited Porsche to assist with transporting the shipment.

Getting to the vault was a 12-mile journey across London, a trip that obviously carries an inherent risk. In order to reduce the risk, Baird & Co. wanted the gold to be transported with great efficiency, under careful watch, and that time was of the essence. The longer it would take the gold to reach its destination, the greater the risk, said Porsche.

[See image gallery at www.vwvortex.com]

So three Panamera Turbo Sport Turismos were called upon (one being a Panamera Turbo S E-Hybrid Sport Turismo) offering the performance and space necessary to do the transport. Each of the cars had to be capable of carrying four adults and have the load capacity to house two specially-designed gold bullion crates.

Along with a helicopter and security staff on the ground, the three Panamera Turbo Sport Turismos completed the precisely planned and previously rehearsed 12-mile trip in about 40 minutes.

“In this instance, we had a very large shipment of gold to transport – which is quite rare,” said Nick Hammond, director of Baird & Co. “We had to rely on the cars to be absolutely reliable, to be stable and to be more than capable of carrying the gold with capacity – in terms of performance – to spare. We didn’t want the vehicles to be anywhere near their limits, which is asking quite a lot. And, despite the phenomenal weight – and the density of the weight – the Panamera had to carry, they performed impeccably.”

This article first appeared on Autoguide

The post Porsche Helps Transport Nearly $14M in Gold Bars appeared first on VWVortex.



from VWVortex http://ift.tt/2E9ul91
via IFTTT

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Review: Saying Goodbye to the CC V6

For all its size and its global reach, Volkswagen is still, in many ways, a deeply human company. There was, for instance, the Bugatti Veyron an ego project if ever there was one. Then the purchase of Ducati, a move most called folly. And then there was the Phaeton, the Volkswagen that most folks can’t afford. Not only were these moves all strange, I’m sure that they made VW’s accountants furious. None of them made good business sense, but they were all deeply interesting and they all are evidence of the heart that beats at the center of VW. Among these follies is the CC, a car that everyone agrees is rakishly handsome, but that no one really wanted to buy. The car couldn’t last, but the world is brighter for its having been in it. With the approach debut of the Arteon, it seems like a good time to look back on its sadly departing predecessor. The version I drove, because I live in Canada, is a V6 Wolfsburg Edition, which apparently isn’t available in the States. Nor is the V6, not as...
Post a Comment
Read more

Mitsubishi admits it lied about MPG ratings for all vehicles in Japan

Filed under: Government/Legal , Green , Mitsubishi , Fuel Efficiency , Japan Mitsubishi says its shady fuel-economy test practices may have been used on all vehicles it sells and has sold in Japan. Continue reading Mitsubishi admits it lied about MPG ratings for all vehicles in Japan Mitsubishi admits it lied about MPG ratings for all vehicles in Japan originally appeared on Autoblog on Wed, 11 May 2016 12:36:00 EDT. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments from Autoblog Volkswagen http://ift.tt/21X3bHv
Post a Comment
Read more

More 3.0-Liter TDI Settlement Details Expected by January 31

Volkswagen and the TDI Plaintiff’s Steering Committee were in court today for another status conference following the agreement in principal reached earlier this week. Little new information was given at the conference held before Judge Charles Breyer today, but the court ordered the parties to develop a formal settlement agreement, class action notices, and a class notice plan by January 31, 2017. For now, though, owners still don’t know how much to expect in compensation. Elizabeth Cabraser, lead Counsel for the Plaintiff’s Steering Committee reaffirmed in a statement today that the compensation would be “substantial.” The potential cost to Volkswagen is widely reported to exceed $1 billion, though, with an additional $225 million going into an environmental trust to help offset excess emissions. Buy back offers are still only expected for the oldest 20,000 of the roughly 80,000 VW Group vehicles sold in America with the 3.0-liter TDI engine. Those vehicles are mostly SUVs, like ...
Post a Comment
Read more