article thumbnail

Porsche Q1 sales soar, but Taycan production issues remain

Teslarati

Porsche has released its Q1 sales report, and it’s a mixed bag for Europe’s most valuable car maker. Despite Porsche’s limited EV offerings compared to its traditional rivals and its newest competitor, Tesla, the brand has been making headway, with sales climbing consistently quarter over quarter.

Porsche 105
article thumbnail

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

Porsche 87
article thumbnail

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. We should probably take Porsche’s comments seriously.

Porsche 118
article thumbnail

Porsche Taycan follows 911 with double-digit sales growth in 2023

Baua Electric

Porsche Taycan sales picked up toward the end of 2023, with over 40,600 electric models handed over last year. The Taycan followed the Porsche 911 with double-digit sales growth in 2023. Porsche delivered 40,629 Taycan electric cars last year, up 17% compared to 2022. Around 13% were the all-electric Porsche Taycan.

Porsche 52
article thumbnail

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

Baua Electric

With experience at Apple and Porsche , Jonas Reinke joins Rivian to help launch its new EV platforms, including R2 and R3. Less than two weeks later, Rivian brought on former Stellantis North America exec Carlo Materazzo. Before joining Rivian, Materazzo was VP of manufacturing at Stellantis North America.

Porsche 52
article thumbnail

Volkswagen confirms larger electric SUV coming to the US, hybrids too?

Baua Electric

A new, larger VW electric SUV will arrive in the US. 4 (Source: Volkswagen US Media Site) VW expects to continue to “grow profitably” in North America. CFO Arno Antilitz said VW could see the highest growth in North America this year, with interest rates expected to come back down. 2024 Volkswagen ID.4

SUV 52
article thumbnail

Mercedes’ next high performance EV spotted testing in California

Teslarati

The upcoming Mercedes AMG EQE SUV was spotted completing testing in California ahead of a planned launch in the coming year. Mercedes has been slowly but surely expanding its EV lineup in its largest markets, Europe, North America, and China. That model comes at a starting price of $77,900.

Mercedes 119