The 2012 Porsche Panamera 4 has 4 recalls, the most serious being two separate safety risks: an electrical short that can cause a fire, and a transmission gear position issue where the car can roll away unexpectedly if exited without the parking brake applied.
On the mechanical side, certain camshaft controllers inside the engine can work loose, potentially causing the engine to stall without warning while driving. There is also a lighting concern affecting a wide range of Porsche models across many years: the headlights may be improperly adjusted, either failing to illuminate enough of the road ahead or throwing glare into oncoming traffic, both of which reduce visibility at night.