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„Es ist ein Porsche 911, das in Deutschland wurde gebildet.“
I think I'd stick with neun-neun-sieben instead of nine hundred ninety seven, which is actually neunhundert siebenundneunzig - nine hundred, seven and ninety.
My wife is German and it is more like Paww -sha. The r is somewhat silent and sounds a bit more like a long "w". Actually sounds much cooler the german way with the full accent. Good luck and don't lose any sleep over it.