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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 Project X, Ford Mustang GT3: Automobile Information Headlines

Baua Electric

Porsche has rolled out an idea for an electrical hypercar, and has showed it’s these days comparing whether or not to place the car into manufacturing. Ford has observable a Mustang race automobile evolved alongside GT3 specs and that includes a unutilized 5.4-liter

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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.& However, Porsche Chief Financial Officer Lutz Meschke was quoted by Automotive News on Thursday casting some doubts.&

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Porsche To Make its Own Battery Cells

Get Electric Vehicle

The luxury sports car manufacturer Porsche AG is taking bold moves to enter the highly competitive and demanding EV battery market. The carmaker has signed off a joint venture with lithium-ion battery manufacturer Customcells, to build a new facility that would develop and manufacture high-performance cells for their electric cars.

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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. However, he also added that the automaker is confident about 2024, despite the muted economic outlook and intensifying competition in the global passenger vehicle market. lakh units in 2023.

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Study of Sustainable Value in Automobile Manufacturing Finds Mixed Performance for Most OEMs, BMW and Toyota as the Clear Leaders

Green Car Congress

Sustainable Value Margin—the ratio of Sustainable Value to sales—for each of the evaluated manufacturers. A survey of the sustainability performance of 17 of the world’s leading automakers has found a mixed pattern when it comes to the sustainability performance of most of the car manufacturers. Click to enlarge. Click to enlarge.