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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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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.& 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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2024 Hyundai Ioniq 5 N, 2024 Nissan GT-R: Nowadays’s Automobile Information

Baua Electric

The Hyundai N efficiency skunkworks is akin to revealing its first electrical automobile within the method of a tuned Ioniq 5. The newcomer can be referred to as an EX30, and Volvo has showed it on the market within the U.S. A prototype has been noticed, revealing lots of the design main points pegged for the recent crossover.

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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.” Gruner joined Porsche in 1999 from Boston Consulting Team. Urvaksh Karkaria contributed to this tale.

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