Porsche Holding Forecasts Staggering €20 Billion Loss for 2024 Fiscal Year

March 9, 2025 – According to Bloomberg, Porsche Automobil Holding SE has forecasted a post-tax loss of approximately 20 billion euros for the 2024 fiscal year, primarily due to the depreciation of its investment assets. This significant loss underscores the severe pressures faced by top European automakers. As the largest shareholder of Volkswagen, Porsche Holding…

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Spain’s Watchdog Ramps Up Probe into Apple’s App Store Pricing Practices Amid Anti-Competition Claims

July 30, 2025 – According to Reuters, Spain’s National Markets and Competition Commission (CNMC) announced on Tuesday that it would broaden its investigation into Apple Inc. over alleged anti-competitive practices, with a particular focus on whether the tech giant has imposed unfair commercial terms on mobile app developers through its App Store. In a statement,…

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BMW’s Frank Weber Warns Against Unlimited Battery Capacity in EVs

February 12, 2025 – In an interview with “Automotive News” on February 10th, Frank Weber, the head of BMW’s research and development, emphasized that “infinitely increasing battery capacity” is not feasible, warning that such an approach would ultimately undermine the purpose of electric vehicles. Weber highlighted that while there are discussions about electric cars achieving…

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Maserati Unveils Limited-Edition GranTurismo 110th Anniversary Electric Sports Car

November 29, 2024 – Maserati has unveiled the GranTurismo 110th Anniversary Edition, a limited-run model based on the GranTurismo Folgore all-electric variant. With only 110 units slated for global production, the anniversary edition is set to make its official debut on November 30th. According to details released, the Maserati GranTurismo 110th Anniversary Edition will be…

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Former Intel CEO Gelsinger Dives into Venture Capital with $1.2 Billion Focus on Quantum Computing, Biotech

March 27, 2025 – In a blog post published yesterday, March 26th, tech media outlet Jon Peddie reported that renowned venture capital firm Playground Global has announced the appointment of former Intel and VMware CEO Pat Gelsinger as a General Partner (GP). Gelsinger, who boasts a four-decade-long career in the computing and semiconductor industries, having…

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