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Porsche participates in Rimac’s €500M Series D round

Green Car Congress

Porsche and Rimac are taking the next step in their collaboration with focus on the digital and electrified future of mobility. The total volume of the round is €500 million, with Porsche investing an eight-figure sum. The total volume of the round is €500 million, with Porsche investing an eight-figure sum.

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Porsche and electric hypercar maker Rimac to set up JV incorporating Bugatti

Green Car Congress

The Volkswagen Group’s Porsche and Croatian hyper-EV developer Rimac have agreed to set up a joint venture that incorporates Bugatti—another Volkswagen Group brand that is moving to the control of Porsche. Rimac will hold a 55% share in the Bugatti-Rimac joint venture, while Porsche will have a 45% share.

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Audi to invest ~€14B in electromobility, digitalization and autonomous driving over next 5 years

Green Car Congress

At the same time, Audi is pushing forward with the digitalization of its automobiles and plants, and is expanding its business model with new digital services such as “functions on demand”. By 2025, Audi will offer approximately 20 electrified models, about half of which will have all-electric drive systems.

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Auto Alliance pushing for passage of Maryland SB 1234 that would require state purchase of ZEVs; 50% of LDVs by 2026

Green Car Congress

The Alliance of Automobile Manufacturers (Auto Alliance) is strongly supporting the passage of Maryland’s SB 1234 , a bill that would require the State of Maryland to purchase zero emission vehicles (ZEVs) for state fleets. The bill would take effect 1 July 2018. Maryland is one of nine states that has adopted California’s ZEV Mandate.

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Unused Bronco Raptor, Tesla-powered 911, Genesis GV80 Coupe: Nowadays’s Automotive Information

Baua Electric

The automobile might be a Porsche 911 that includes the powertrain from a Tesla Type S rated at 500 hp and 200 miles of length. You’ll in finding those tales and extra in as of late’s automobile information, proper right here at Motor Authority.

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Volkswagen Group brings new Audi and Porsche EV concepts, Volkswagen PHEV concept to Frankfurt; 20 more plug-ins by 2020

Green Car Congress

Dr. Martin Winterkorn said that “ The Porsche Mission E and the Audi e-tron quattro concept are nothing less than a quantum leap for our industry ”—both vehicles have an all-electric range of 500 kilometers (311 miles). He said the Group already had the broadest plug-in fleet in the automobile world. Porsche Mission E.

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Volkswagen Group Research and KUKA partner to develop robot-supported services for autonomous and electric vehicles

Green Car Congress

One of the aims of the research collaboration is to develop robot-based innovations for all-electric and autonomous automobiles. The driver simply has to position the electrically powered automobile in a designated parking space. By the end of 2018, more than ten new electrified models will be launched on the market.