Porsche
Porsche SE Clarifies – No Plans for Volkswagen Equity Divestiture
March 17, 2025 – Porsche SE, the holding company of the prestigious automaker, is rumored to be contemplating the sale of a portion of its stake in Volkswagen (VW), according to a report by German newspaper Bild on March 16. The potential move aims to unlock funds for alternative investments. However, Porsche SE issued a…
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…
Porsche Responds to EV Sales Dip with 1,900 Job Cuts in Germany
February 14, 2025 – Porsche, facing a decline in electric vehicle sales, has announced plans to lay off 1,900 employees in Germany by 2029. The decision comes as the luxury carmaker revises its profit margin expectations downwards to between 10% and 12% for the current year, significantly below its long-term target of 20%. In response…
Porsche Aims to Reverse Sales Decline with Return to Fuel and Hybrids
February 8, 2025 – According to a report published today by carscoops, Porsche’s electrification strategy has hit a roadblock, prompting the luxury carmaker to shift gears and refocus on fuel and hybrid models in response to market shifts and consumer preferences. Porsche has announced plans to introduce additional new models equipped with fuel and plug-in…
Porsche’s Dual Strategy: Fuel and Hybrid Cayenne Models to Persist Post-2030
July 26, 2024 – Porsche has announced a strategic shift in its product lineup, revealing that its flagship SUV, the Cayenne, will continue to offer gasoline and hybrid variants beyond 2030. This decision underscores the company’s commitment to providing customers with a diverse range of powertrain options for the next decade. The German luxury automaker…
Porsche Eyes Minority Stake in VARTA to Bolster V4Drive Investment
July 22, 2024 – According to a report by the Frankfurter Allgemeine Zeitung (FAZ), Porsche is considering acquiring a minority stake in VARTA, aiming to protect its potential investment in the struggling battery manufacturer’s large lithium-ion battery business. It’s worth noting that VARTA announced on the 4th of this month that it was in negotiations…
Breaking Records: Porsche’s Mission X Concept at Import Expo on the 900V Architecture
November 06, 2023 – The 6th China International Import Expo, which opened yesterday, witnessed the Asian debut of Porsche’s latest all-electric concept supercar, the Mission X. According to Porsche’s official projections, if the vehicle goes into production, it is set to become the fastest road car on the Nürburgring Nordschleife circuit. This vehicle previously made…
Porsche’s Future Models to Feature Google Apps and Ecosystem Amid Volkswagen’s Challenges
October 31, 2023 – Porsche announced today that its future vehicle models will integrate Google’s navigation, voice assistant, and ecosystem. This integration with the Google ecosystem includes Google Maps, Google Assistant, and various applications available through the Google Play Store. It’s worth noting that earlier this year, Porsche expressed its consideration of adopting Google’s software…
Porsche’s Electrifying Entry: Unveiling the 2024 Cayenne S E-Hybrid Series
September 26, 2023 – Porsche Unveils the 2024 Cayenne S E-Hybrid Series Porsche has set its sights on electrifying the Chinese market with the introduction of the 2024 Cayenne S E-Hybrid and Cayenne S E-Hybrid Coupé models, each with a starting price of ¥1.198 million and ¥1.278 million, respectively. These electrified vehicles are equipped with…
Artistry in Motion: Exploring the Design of Porsche’s Vision 357 Speedster Concept
July 13, 2023 – Porsche has unveiled a stunning new concept car called the Vision 357 Speedster to commemorate the 30th anniversary of the Goodwood Festival of Speed. Drawing inspiration from the iconic 356, the Vision 357 Speedster is a retro-style concept based on the 718 Cayman GT4 e-Performance, featuring the engine and battery technology…