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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 Stuttgart-based sports car manufacturer is participating in a Series D funding round by the Croatian automotive technology group Rimac Group. The new funding round is being led by Softbank Vision Fund 2.

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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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Porsche Casts Doubt Upon Combustion Ban Timeline

The Truth About Cars

.& With this in mind, Porsche’s CFO was recently quoted as saying European combustion bans will probably need to be delayed and there’s good reason to believe him.& & As things currently stand, the European Union has plotted banning the sale of new combustion-engine cars by 2030. I think it could be delayed."

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Porsche to invest more than $7.4B in electromobility by 2022

Green Car Congress

Porsche will invest more than €6 billion (US$7.4 Plans for derivatives of the Mission E are also under way: last week at the Geneva show, Porsche presented a production-ready concept study of the Mission E Cross Turismo. —Oliver Blume, Chairman of the Executive Board of Porsche AG. billion) in electromobility by 2022.

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Koenigseg Gemera, Bugatti Kind 57SC Atlantic: Automobile Information Headlines

Baua Electric

Simply 4 of the originals have been constructed, and a kind of went lacking all over the 2d International Battle, which means getting your hand on probably the most automobiles is upcoming to not possible, even for anyone like Leno. Simply six of the conversions have been finished, and now one is up on the market.

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Rivian hires former Porsche exec Kjell Gruner as gross sales eminent

Baua Electric

Gruner stated in a observation that he’ll speed Rivian into unutilized markets. “I look forward to chart paths into new markets, build new partnerships and customer experiences.” “I look forward to chart paths into new markets, build new partnerships and customer experiences.”

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Porsche brings the V-8 again to its ultimate gas-powered Cayenne

Baua Electric

LOS ANGELES — Porsche has put the combustion engine Cayenne at the trail to depart, however first, the automaker is giving the workhorse midsize crossover a midcycle freshening that feels extra like a redesign. To raise the riding revel in, Porsche has dialed up engine output around the Cayenne lineup. of Cayenne gross sales. .

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