Porsche

Porsche3 years ago

Porsche becomes Europe’s most valuable automaker

Porsche took the top position as Europe’s most valuable automaker on Thursday, after overtaking former parent Volkswagen as the price of the sportscar maker’s newly-listed shares accelerated higher. Although Porsche

Porsche3 years ago

Porsche to pay $80 million to resolve fuel economy claims in US

Volkswagen AG and its unit Porsche AG agreed to a class-action settlement worth at least $80 million to resolve claims it skewed emissions and fuel economy information on 500,000 Porsche

Porsche3 years ago

Group14 raises $400 million from investors led by Porsche

Electric vehicle battery startup Group14 raised $400 million from a group of investors led by German automaker Porsche on Wednesday. Part of that money, which has increased Group14’s valuation to

Audi3 years ago

Audi and Porsche have decided to enter Formula 1

Volkswagen’s premium brands Audi and Porsche have taken the decision to join Formula 1, said Volkswagen CEO Herbert Diess on Monday. Diess added that Porsche’s preparations to join the highest

Porsche4 years ago

Porsche sees significant demand for all-electric Taycan

Luxury sports automaker Porsche AG is attracting significant demand for its Taycan model, causing wait times for the all-electric coupe to up to six months, CEO Oliver Blume said on

Porsche4 years ago

Porsche faces lawsuit in the US over diesel emissions scandal

Porsche SE is facing a lawsuit in the United States over claims associated with the automaker’s diesel emissions scandal. The lawsuit targets Porsche SE and the former members of the

Porsche4 years ago

Porsche must pay 40 million euros over tax filings, say German prosecutors

German automaker Porsche must pay a fine of 40 million euros ($47 million) over the breach of duty associated with its tax filings, German prosecutors said on Wednesday. The automaker

Porsche4 years ago

Porsche and Rimac set up joint-venture involving Bugatti brand

Porsche on Monday said it agreed to establish a joint venture with Croatia’s Rimac Automobili that will include the Bugatti brand, confirming strategies mapped out earlier this year. To be

Porsche4 years ago

Porsche to establish joint venture with battery maker Customcells

Luxury automaker Porsche is establishing a joint venture with Customcells for producing high-performance batteries that will significantly decrease charging times, the automaker said on Sunday. Customcells specializes in lithium-ion cells

Porsche4 years ago

Porsche to recall 1,571 vehicles in China over trailing arms

Porsche, the luxury unit of Volkswagen, will recall 1,571 imported vehicles from China by next month, according to the country’s top quality watchdog. The recall is set to start from

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