Bill Gates buys Porsche Taycan, Musk calls it ‘underwhelming’

Bill Gates

Elon Musk is not really positive about the recent car purchase of fellow billionaire entrepreneur Bill Gates. After Gates stated he purchased himself an all-electric Porsche Taycan, Tesla’s CEO took to Twitter to discuss the Microsoft co-founder. “My conversations with Gates have been underwhelming tbh [to be honest],” Musk tweeted. My conversations with Gates have been underwhelming tbh — […]

Porsche’s electric Taycan sees 30,000 potential buyers

Porsche Taycan

Porsche has taken down payments from 30,000 consumers in Europe for its Taycan, the luxury automaker’s first fully electric model, CEO Oliver Blume informed Germany’s Handelsblatt newspaper. These consumers have made down payments of 2,500 euros each and 10,000 of them have already booked an order to purchase a Taycan, Blume said, adding that this […]

Porsche attracts Tesla owners with electric Taycan sports car

Porsche Taycan

Porsche is experiencing a good amount of interest from Tesla owners for its new all-electric Taycan sports car, the head of the automaker’s North American operations stated. Klaus Zellmer, president, and CEO Porsche Cars North America has stated that out of “thousands” of potential U.S. consumers who have shown “sincere interest” in the sports car, Tesla owners […]

Court rejects second investor group action against VW and Porsche

Porsche SE logo

A German court on Wednesday stated it won’t permit a second investor group action against Volkswagen and Porsche, for allegedly failing to tell investors about the Diesel scandal in 2015. Investors have brought multiple cases against both automakers in the southern city of Stuttgart, arguing that the automakers should have issued adhoc-statements previously to inform […]

Porsche SE raises voting rights share in Volkswagen

Porsche SE logo

Porsche SE, the holding company controlling Germany’s Volkswagen, on Tuesday stated it raised its voting rights share in the automaker to 53.1 percent from 52.2 percent. “We continue to believe that Volkswagen group has a significant potential to increase its value and that its current capital market valuation does not reflect this,” stated Porsche SE’s […]

Porsche is cooperating with state prosecutors into tax investigation issues

2018 Porsche 911 GT2 RS

Volkswagen’s Porsche unit on Sunday stated it was working with state prosecutors to clear up investigations into alleged tax debts associated with early retirees and taxable advantages enjoyed by former top executives. A company spokesman stated the automaker had “already responded to possibly anticipated tax payments via safety surcharges and lump sum payments.” The Bild […]

Porsche tells officials of possible issue with emissions

Porsche Panamera E

Volkswagen’s Porsche unit stated on Thursday it told German officials of potential issues with its emissions data, after a report in Germany’s Der Spiegel that the figures for its 911 models of 2016 and 2017 were not accurate. “Porsche has identified issues in connection with individual roll-out tests,” Porsche stated. The particular case involves deviations […]

Volkswagen’s Porsche to stop offering diesel versions

Porsche Macan

Volkswagen’s Porsche is going to stop offering diesel versions of its vehicles, the unit stated on Sunday, refining its focus on hybrid and battery-powered vehicles instead. Volkswagen has confessed that they cheated on diesel emissions tests, sending shockwaves through the auto industries and resulting in a sector-wide crackdown on polluting diesel engines. “Porsche is not […]

Swiss officials ban some Mercedes, Porsche models due to emissions

2018 Porsche 911 GT2 RS

Swiss officials have halted registrations of some recent Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles that had diesel engines that disguised emissions levels, the Astra roads agency stated on Wednesday. The move will impact vehicles imported from August 17. Vehicles already registered in Switzerland may keep operating, but must be retrofitted, Astra stated. Mercedes […]