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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.

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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 boss Müller appointed CEO of the Volkswagen Group; also remains Chairman of Porsche AG until a successor is found

Green Car Congress

At its meeting in Wolfsburg today, the Supervisory Board of Volkswagen AG appointed Matthias Müller, currently Chairman of Porsche, the new CEO of Volkswagen AG with immediate effect. Porsche is a Volkswagen Group company.). Müller will continue as Chairman of Porsche until a successor has been found. Former CEO Prof.

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Porsche IPO for VW Group’s EV push gains traction

Teslarati

On February 24, 2022, Porsche Automobil Holding SE (Porsche SE) and Volkswagen agreed to “further examine and generally support the feasibility” of a potential Porsche IPO. The possible IPO of Porsche AG would generate funds to help Volkswagen AG increase electric vehicle production and digitalization. . “We

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VW’s Porsche IPO shaping up to be Europe’s biggest listing in a decade

Teslarati

Volkswagen’s Porsche IPO is shaping up to be Europe’s biggest listing in a decade as it targets a €70 to €75 billion valuation. . Porsche AG from EUR 76.50 Porsche AG from EUR 76.50 Volkswagen AG plans to place a total of 113,875,000 preferred shares from its holdings with investors during the Porsche IPO. to EUR 82.50

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