FRANKFURT—Luxury sportscar maker Porsche AG, which parent Volkswagen could float in a partial stock market listing later this year, on Friday set out a more ambitious sales target for electric vehicles. More than 80 percent of newly sold Porsche vehicles will be fully-electric in 2030, Porsche AG Chief Executive Oliver Blume said at the group’s…
Super Cars: Speed and Fun Take Precedence Over Practicality
A Daily Driver Supercar Bugatti Chiron SuperSport $4.3 million Powered by a snarling 16-cylinder, 1,578-hp engine to a limited top speed of 273 mph, it is surprisingly pleasant to drive in regular traffic, although the ride is a bit bumpy in the very tight cockpit even in comfort mode. The elongated tail, retracting rear wing,…
Cargo Ship Full of Porsches, Volkswagens, Bentleys on Fire in Middle of Atlantic
Possibly hundreds of Porsches, Volkswagens, Bentleys, and Lamborghinis are marooned on a burning ship in the Atlantic Ocean after the crew abandoned the vessel earlier this week. According to the real-time data website FleetMon, which tracks ships, the Felicity Ace car carrier vessel’s ownership said that “the vessel has experienced a fire and the Master…
Porsche Expects Another Record Year for Sales Despite Chip Shortage: Automobilwoche
BERLIN—Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip shortage, its sales chief was quoted as saying by industry magazine Automobilwoche. “When I look at the current orders, I’m confident for 2022. Growth in sales could reach a similarly high level this year as in 2021,” Detlev von Platen…
Porsche, Puma to Join Germany’s DAX as Index Expands
FRANKFURT—German carmaker Porsche and sportswear maker Puma will join the nation’s premier DAX stock index, as it expands to 40 from 30 companies in the biggest overhaul of its 33-year history, the exchange operator Deutsche Boerse said on Friday. The expansion, contemplated for years, got a push in reaction to the collapse of German payments…
Porsche Recalls Flagship Electric Model Taycan Over Software Issue
FRANKFURT—Luxury sports carmaker Porsche AG must recall 43,000 of its electric Taycan cars over faulty software that can cause the battery-powered engine to suddenly shut down, it said on Friday. The recall affects all Taycan vehicles produced and delivered by June, the company said, adding the cars would receive a software update to fix the…
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