Porsche Looking to Boost its Profits as its Prepares for a 2022 IPO That Could Value the Company as High as $81.4 Billion
Sports car manufacturer Porsche AG, which is currently a subsidiary of parent company Volkswagen AG, aims to launch an IPO later this year. But before any IPO, the iconic sports car maker wants to increase its profit margins in order to make itself more attractive to investors. Porsche’s most profitable model is the iconic 911 and sales of the iconic car could reach 40,000 units in 2022, which would be a record high number for Porsche.
Eric Walz2022-08-24 10:30 PT
Porsche Aims for 80% of its Lineup to be Fully-Electric by 2030, Electric 718 Will Debut in 2025
Stuttgart-based sports car manufacturer Porsche is the latest automaker to commit to electrifying its model lineup. The automaker announced on Friday at its annual press conference that its aims for 80% of its vehicles to be fully-electric by 2030. Porsche intends to develop electric versions of its most popular sports cars, including the 718, which is set to debut in 2025.
Eric Walz2022-04-24 10:00 PT
Porsche Suspending Production of the Electric Taycan Sedan at its Stuttgart-Zuffenhausen Plant Due to Component Shortages
Volkswagen subsidiary Porsche AG, says its will temporarily suspend production of the electric Taycan at its Stuttgart-Zuffenhausen Plant until the end of next week, the company said in a statement, citing a lack of components. German automakers Volkswagen, BMW and Porsche have been struggling to source much-needed wiring harnesses for their vehicles as suppliers in western Ukraine have been shuttered by the Russian invasion.
FutureCar Staff 2022-04-15 12:05 PT
Porsche Introduces New Taycan Sport Turismo Models for European Market
Porsche is only bringing the GTS Sport Turismo to the U.S., but consumers in Europe will be able to purchase the vehicle in Taycan, Taycan 4S, Taycan Turbo, and Taycan Turbo S trims.
Vineeth Joel Patel2022-03-01 07:15 PT
Porsche Shares its New ‘Digital Twin’ Concept Using Sensors in the Vehicle and Big Data to Aid in Diagnostics & Predictive Maintenance
Automaker Porsche has shared a new concept called a “digital twin” that can be used for predictive driving functions and the status of a vehicle’s components. It involves sensors embedded deep in the vehicle, including in the chassis, that can determine if the vehicle is operating normally, while also identifying mechanical or electrical issues that require attention.
Eric Walz2021-12-11 14:30 PT
Porsche Ventures Invests in Cresta, a Company Co-founded by the Former Head of Google’s Self-driving Car Project
Porsche Ventures, the venture capital arm of the German sports car manufacturer, announced on Friday an investment in San Francisco-based AI-company Cresta, which specializes in messaging and voice communications. The company’s AI-powered software will help provide Porsche owners with a more intuitive way to communicate with their vehicles or via the automaker’s customer support channels.
FutureCar Staff 2021-03-07 16:15 PT
Porsche Invests in Audio Processing Company DSP Concepts to Create Signature Sounds for its Vehicles
Porsche has purchased a stake in Silicon Valley-based audio processing company DSP Concepts, Inc. The company specializes in developing software for audio signal processing and audio algorithms that lets automakers digitally enhance the sound of their vehicles.
Eric Walz2020-04-05 14:00 PT
Porsche Debuts its More Affordable Taycan 4S Electric Sedan
Today Porsche finally revealed the entry-level Taycan 4S for the first time, a more affordable version of the electric sports car that might become a serious rival to the Model S.
FutureCar Staff 2019-11-20 10:30 PT
Elon Musk Says He’s Bringing a Model S to Nurburgring to Challenge the Porsche Taycan's Record Time
To coincide with the Taycan debut, Porsche boasted that a prototype version of the electric Taycan “conquered” the legendary Nürburgring-Nordschleife racetrack in Germany with a record time of 7 minutes and 42 seconds. Now Elon Musk says he's bringing a Tesla Model S to the world famous track to challenge the Taycan's lap time.
Eric Walz2019-10-13 16:55 PT
Porsche Officially Debuts its Electric Taycan, its Competitor to the Tesla Model S
German automaker Porsche officially unveiled its fully-electric Taycan sedan, a car expected to become a serious rival to the Tesla Model S for those with the money to spare. The Porsche Taycan’s world premiere took place simultaneously in North America, China and Europe, three of the most important sales markets for the new electric sports car.
Eric Walz2019-10-11 13:00 PT
Porsche Taycan Owners to Get 3 Years of Free Charging from Electrify America
Owners of the upcoming Porsche Taycan, the automaker’s first fully electric luxury sedan, are getting a sweet deal on charging—it will be free for three years.
FutureCar Staff 2019-03-06 14:40 PT
Porsche to Double Production of the Taycan Electric Sedan
German automaker Porsche is already planning to double the production of the upcoming Taycan, the automaker’s first fully-electric sedan. The Taycan is expected to become a strong competitor to Tesla’s Model S, which first Tesla launched back in 2012.
FutureCar Staff 2019-03-02 17:20 PT
VW Says its Next-Generation Gas & Diesel-Powered Vehicles Will Be its Last
Volkswagen is reinforcing its commitment to a future of just electric vehicles. The German automaker announced that its next generation gas powered and diesel engine vehicles will be its last, as the company transitions to building only electric models.
Eric Walz2019-01-10 17:08 PT
Porsche Officially Names its New Electric Sedan the Taycan
Porsche revealed its new electric sedan will be called the Taycan, pronounced “tie-con.” Porsche Chairman Oliver Blume made the announcement during the “70 years of Porsche Sports Cars” ceremony celebrating the company’s heritage.
Eric Walz2018-07-15 12:30 PT
Researchers at South Korea's Chung-Ang University Develop a ‘Meta-Reinforcement' Machine Learning Algorithm for Traffic Lights to Improve Vehicle Throughput
Eric WalzDec 22, 2022 2:30 PM PT
Zeekr's New 009 Electric Passenger Van is the World's First EV to Feature CATL's Advanced ‘Qilin' Battery With a Range of 510 Miles
Eric WalzDec 19, 2022 1:45 PM PT
Hyundai Gets Serious About Electric Performance Cars, Shows off Two Concepts
Vineeth Joel PatelDec 17, 2022 6:15 AM PT