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Report: Porsche Raising Prices Across the Board

The Truth About Cars

Porsche will reportedly be raising prices between 4 and 8 percent on the European and U.S. Even so, higher-end brands appear to be doing fairly well at present, and Porsche itself noted that operating profits rose to €1.84 Porsche has likewise been talking about going more upmarket to compete with the likes of Ferrari.

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Porsche leaving FIA WEC LMP1, entering Formula E

Green Car Congress

From 2019, a Porsche factory team will compete in Formula E. Porsche is now the fourth German OEM to realign its motorsport strategy this year to enter Formula E, following Audi ( earlier post ), BMW ( earlier post ) and Mercedes-Benz ( earlier post ). Porsche is working with alternative, innovative drive concepts.

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Manz AG takes 40% in CUSTOMCELLS

Green Car Congress

The CUSTOMCELLS Group is developing and manufacturing advanced lithium-ion battery cells. The group recently gained international recognition through the establishment of a joint venture for cell production with Porsche AG. Earlier post.) —Martin Drasch, CEO Manz AG.

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Volkswagen and TraceTronic establish JV for automated software integration: neocx

Green Car Congress

The consistent use of cloud technology also facilitates the creation and integration of a highly scalable virtual testing environment. Volkswagen can already leverage internal Group synergies in developing software for its fully networked vehicles. Volkswagen is collaborating closely with Audi and Porsche in these activities.

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‘We intend to grow at 25-27% and double our India business’ | Autocar Professional

Baua Electric

With increased cash flows into the manufacturing sector, and condusive policies like the PLI scheme, India stands a strong chance to be one among the leading manufacturing hubs, says Sridhar Dharmarajan, Executive Vice President and Managing Director, Hexagon India.

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Audi increases budget for electromobility up to 2025; €10B for electromobility, €5B for hybridization

Green Car Congress

AUDI AG plans a total investment of approximately €35 billion, in spite of a difficult business environment, to 2025. Audi is developing together with Porsche the premium platform electric (PPE); at the same time, Audi uses the Group technology of the modular electrification platform (MEB). The ATP alone has released more than €6.5

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BMW CEO warns against premature phaseout of combustion engines: “I don’t think that would help the climate or anyone else”

Teslarati

BMW CEO Oliver Zipse recently shared a warning about the auto sector’s impending retirement of the internal combustion engine. According to the executive, a premature end to the internal combustion engine would not be preferable, and it probably won’t be good for the environment either. .

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