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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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Volkswagen AG to launch 30 new cars globally in 2024 to battle slowdown hurdle

Baua Electric

The German automobile giant expects its passenger vehicle sales in this year to grow just three per cent, sharply down from 2023. Volkswagen’s finance chief Arno Anlitz has revealed that the OEM’s deliveries to customers rose 12 per cent to 92.4 lakh units in 2023. It recently launched the Volkswagen ID.7

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VW and Porsche to Merge; New Integrated Auto Group with 10 Brands, Led by VW

Green Car Congress

At its extraordinary meeting today, Volkswagen AG’s Supervisory Board approved the comprehensive agreement to create an integrated automotive group with Porsche, led by Volkswagen. Porsche Automobil Holding SE’ss Supervisory Board has also approved the concept for the combination of the two companies.

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Volkswagen Group and ride-hailing provider Gett to expand on-demand mobility solutions & activities in Europe

Green Car Congress

One week after the Volkswagen Group announced a US$300-million strategic investment in global ride hailing provider Gett ( earlier post ), the two companies laid the cornerstone for their strategic partnership at a kick-off event at the DRIVE Volkswagen Group Forum in Berlin.

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A mini industry spawns under the hood of a booming car market – ET Auto

Baua Electric

From Porsche to Mercedes-Benz in the luxury segment and from Maruti to Mahindra and numerous startups, all want a share of this growing market. The automobile industry’s own hiccups, including the semiconductor crisis, supply chain disruptions and geopolitical tensions gave a sudden big boost to the pre-owned cars market.

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EV Fires: Reasons, SOPs, and The Science Behind

Get Electric Vehicle

While EV firefighting SOPs are being developed all around the world, there is yet to be a global standard established. The fire department in Copenhagen, Denmark, has devised a truck-mounted vehicle containment solution for electric automobiles that are on fire or at risk of catching fire. Common Practices. Cell Form & EV Fire.

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