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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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Yokohama Tire providing tires using sustainable materials for Pikes Peak Climb

Green Car Congress

Yokohama Tire Corporation (YTC), a subsidiary of Yokohama Rubber, will be supplying YOKOHAMA tires to about 18 cars competing in the 100 th Pikes Peak International Hill Climb to be held on 26 June. The supplied tires will include the first provision of YOKOHAMA’s ADVAN A052 street sports tires made from sustainable materials.

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Manz AG takes 40% in CUSTOMCELLS

Green Car Congress

The group recently gained international recognition through the establishment of a joint venture for cell production with Porsche AG. With the pilot production facility being built at CUSTOMCELLS in Tübingen, we are creating an environment in which we will develop new cell and equipment concepts for such growth industries.

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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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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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