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Porsche Automobil Holding SE

Porsche shares fall as automaker cuts 2024 outlook on aluminium alloy shortage

by Adesola Mojo
Porsche shares fall as automaker cuts 2024 outlook on aluminium alloy shortage

The Porsche logo, the German automobile manufacturer specialising in high-performance luxury sports cars, SUVs, and sedans, headquartered in Stuttgart and part of the Volkswagen group, captured in their Porsche Zentrum …

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Categories Automobile

Foreign carmakers in China face ‘increasingly precarious’ situation

by Adesola Mojo
Foreign carmakers in China face ‘increasingly precarious’ situation

Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese …

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Categories Automobile

Uber, Khosla, Nvidia invest in autonomous trucking startup Waabi

by Adesola Mojo
Uber, Khosla, Nvidia invest in autonomous trucking startup Waabi

Raquel Urtasun, Founder and CEO of Waabi. Courtesy: Waabi Autonomous trucking startup Waabi announced Tuesday it has raised $200 million in an oversubscribed Series B funding round led by existing investors …

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Categories Automobile

Shares of Europe’s top carmakers fall amid dieselgate lawsuit reports

by Adesola Mojo
Shares of Europe’s top carmakers fall amid dieselgate lawsuit reports

A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg. Picture Alliance | Picture Alliance | …

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Categories Automobile

Porsche 911 hybrid sports car revealed for $164,900

by Adesola Mojo
Porsche 911 hybrid sports car revealed for 4,900

2025 Porsche 911 Targa 4 GTS hybrid sports car Porsche Porsche on Tuesday revealed the first-ever production hybrid version of its iconic 911 sports car, with a starting price of …

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Categories Automobile

Cars on display at IAA motor show

by Adrian Jhonsan
Cars on display at IAA motor show

German Chancellor Olaf Scholz (SPD,l.), and Ola Källenius, Chairman of the Board of Management of Mercedes-Benz AG, visit the Mercedes stand during the opening of the IAA. Sven Hoppe | …

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Categories World

Europe’s biggest carmakers brace for China’s EV challenge

by Adrian Jhonsan
Europe’s biggest carmakers brace for China’s EV challenge

BMW CEO Oliver Zipse speaks during the presentation of the new BMW “New Class” during an event ahead of the IAA motor show in Munich. Picture Alliance | Picture Alliance …

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Categories World

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