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Porsche announces price increases after crushing earnings estimates

Teslarati

Porsche has announced a new set of price increases alongside its incredible Q1 financial report, which crushed investor expectations. Since the end of the pandemic, Porsche has seen nothing but success across the board. According to statements from the Porsche CFO, more increases are on the horizon. Porsche pulled in 10.1

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Porsche confirms Cayenne EV and second, larger all-electric SUV

Teslarati

Porsche announced two upcoming EVs at its earnings event today and revealed that it achieved record earnings during 2022. Porsche has had a lot of great news to deliver to investors since its IPO late last year. Porsche stated that the vehicle would be based on its SSP platform, but even the platform’s details remain under wraps.

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Tesla Model Y was Germany’s best-selling SUV in February 2024

Teslarati

The Tesla Model Y is continuing its quiet conquest of Europe’s SUV and battery electric vehicle sector. In February 2024 alone, the Model Y secured its place as the best-selling SUV and battery electric vehicle (BEV) in Germany with sales of 5,408 units. As per the KBA, 61,925 SUVs were sold in the country in February 2024.

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Porsche CFO says Europe may delay its ICE ban

Baua Electric

On the heels of unveiling the long-awaited all-electric Porsche Macan SUV, the company’s chief financial officer Lutz Meschke delivered what could be some dreary news, if it happens: He said that Europe’s plan to ban ICE vehicles by 2035 may get pushed back due to a slowing EV demand, reports Automotive News Europe.

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Tesla inventory volumes in Europe indicate potential upcoming price cut

Teslarati

4 The volume of Tesla inventory vehicles in Europe has spiked to its highest point this year, indicating the potential for another price cut. Now, trouble seems to continue for the American EV brand, which now sees a record number of inventoried vehicles in Europe. Most of that inventory build-up happened in Europe.”

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Porsche Casts Doubt Upon Combustion Ban Timeline

The Truth About Cars

However, Porsche Chief Financial Officer Lutz Meschke was quoted by Automotive News on Thursday casting some doubts.& Despite Europe having adopted battery electric vehicles far more quickly than North America, the market is still confronting a lot of the same problems. .& I think it could be delayed."

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Polestar 4 Electric SUV Coupe To Rival Porsche Macan EV

InsideEVs

The Polestar 4 will enter production in China before the end of 2023; it will have a base price of around €55,000 in Europe.

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