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Porsche invests €70M to increase stake in Rimac Automobili to 24%

Green Car Congress

The Supervisory Board of Porsche AG agreed to increase its stake in Rimac Automobili from 15% to 24% with the investment of an additional €70 million. Porsche joined the young technology and sports car company as an investor in 2018 and increased its stake to 15% in September 2019. Mate Rimac inspires us with his innovative ideas.

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Porsche increases stake in electric sports car company Rimac to 15.5%

Green Car Congress

Porsche has increased its stake in technology and sports car company Rimac Automobili to 15.5%. In June 2018, the Stuttgart-based sports car manufacturer purchased a 10% stake in Rimac. Porsche is now strengthening the established partnership. Porsche has been supporting Rimac and its positive development for a year now.

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Porsche takes 10% stake in the electric technology and sports car company Rimac; development partnership

Green Car Congress

Porsche AG has taken a 10% stake in the technology and electric sports car company Rimac Automobili. Rimac develops and produces electric vehicle components and manufactures electric super sports cars. As part of its electrification efforts, Porsche is seeking a development partnership with the young company.

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US files civil complaint against Volkswagen, Audi and Porsche for alleged Clean Air Act violations

Green Car Congress

Volkswagen Group of America Chattanooga Operations, LLC, Porsche AG, and Porsche Cars North America, Inc. The Clean Air Act requires vehicle manufacturers to certify to EPA that their products will meet applicable federal emission standards to control air pollution. liter diesel models and model years include: Jetta (2009-2015).

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Federal court approves $225M settlement in VW 3.0L diesel case; California receives $66M plus two new VW ZEV models

Green Car Congress

liter passenger vehicles manufactured and sold between model years 2009 and 2016. liter diesel vehicles manufactured between model years 2009 and 2015. liter diesel passenger cars manufactured by VW, Audi and Porsche in model years 2009-2016 also contain defeat devices. Affected 3.0 Affected 3.0

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California Air Resources Board rejects Volkswagen Group recall plan for 3.0-liter diesel passenger cars

Green Car Congress

The California Air Resources Board (CARB) on Wednesday rejected proposed plans submitted by Volkswagen/Audi and Porsche for repair of undisclosed Auxiliary Emission Control Devices (AECDs) and defeat devices in 3.0 liter, diesel passenger cars manufactured for model years 2009-2016. This decision affects about 16,000 3.0-liter

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You Just Got Beat by a Civic

The Truth About Cars

Now, to be sure, there is some merit to the notion that it’s pointless for manufacturers to chase lap times around an arbitrarily selected ribbon of tarmac in the German countryside. By the way, a Porsche 919 Hybrid Evo turned the trick in 5:19.546 in June 2018 with driver Timo Bernhard behind the wheel. Trophy-R by over half a second.