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Mercedes, Porsche, BMW stocks defy market downturn despite disruptions

Teslarati

The stocks of German luxury automakers, including Mercedes, Porsche, and BMW, have remained strong in recent months despite numerous disruptions. But simultaneously, luxury German automakers have mysteriously not seen the same rapid declines in stock prices, some (Porsche) even increasing in value over the same timeframe.

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Porsche is moving fast into EVs: Lessons learned from Taycan

Green Car Reports

An industry insider in that country told us the Model S was a massive shock to Audi, BMW, and Mercedes-Benz—but perhaps even more so to Porsche, which had been hugely successful with its fast, sporty Panamera four-door. The Porsche.

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Tesla maintenance and repair costs are lowest in the auto industry: data

Teslarati

Tesla’s 10-year maintenance and repair costs are the most affordable in the automotive industry, as shown in a new data analysis publicized last week. The total 10-year cost of maintaining and repairing a Tesla is the cheapest in the industry, according to a data analysis shared by Consumer Reports on Friday.

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Imported Audi, Porsche, and Bentley Models Held Back Over Forced Labor Allegations

The Truth About Cars

While the impacted automakers include Porsche, Bentley and Audi, we’ve seen plenty of brands being accused of leveraging forced labor in the Xinjiang region of China, where the country is said to have forcibly concentrated the Uyghur ethnic minority. ports for allegedly violating the Uyghur Forced Labor Prevention Act (UFLPA). custom laws.

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Rivian taps ex-Porsche and Apple vet to lead R2, R3 EV platform development

Baua Electric

Rivian (RIVN) is adding an industry vet to its team with the launch of its next-gen electric models coming up. With experience at Apple and Porsche , Jonas Reinke joins Rivian to help launch its new EV platforms, including R2 and R3. Before that, he spent over a decade with Porsche, holding several product and digital innovation roles.

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Porsche Vehicles North The usa CEO Kjell Gruner steps ailing

Baua Electric

Porsche Vehicles North The usa CEO Kjell Gruner has left the corporate efficient in an instant. The previous Porsche AG advertising officer and international vp of promoting took over the lead process lower than 3 years in the past. Porsche Vehicles North The usa COO Joe Lawrence and CFO Thierry Kartochian will manage the U.S.

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US Auto Industry Down 8% Since 2019

CleanTechnica EVs

No other media outlet compares US auto industry trends with as much history and depth as we do in these. It’s time for another one of our quarterly US auto sales reports. First, before getting into the automaker comparisons for the second quarter of 2023 versus the second quarters of 2019, 2020, 2021, and 2022, […]