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 Leads $400 Million Investment in Lithium-Silicon Battery Developer Group14 Technologies
The pursuit of new battery technologies by automakers offering higher energy density has prompted Porsche to lead a $400 million investment round in Group14 Technologies, a Washington state based global manufacturer and supplier of advanced silicon-carbon technology for lithium-silicon batteries. Group14 says its next-generation silicon-based battery anode materials will help deliver 50% higher performance than traditional lithium-ion batteries.
Eric Walz2022-06-10 08:15 PT
Porsche Introduces its New ‘Road-to-X Initiative’ for the Servicing of Electric Vehicles With High-Voltage Batteries
By 2025, half of all Porsche vehicles will be electrified with either a fully electric or plug-in hybrid powertrain. But servicing these types of high-voltage electric vehicles will present its own set of challenges, so Porsche introduced a new multi-stage service concept called the “Road-to-X Initiative”, which covers everything from the sourcing, manufacturing, sales, servicing, logistics and recycling of EV batteries.
Eric Walz2022-05-18 13:45 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’s eFuel Could Help Gas Cars Stick Around
Thanks to cutting-edge chemistry, the automaker’s synthetic gasoline will allow consumers to continue using their gas-powered vehicles without significantly impacting the environment.
Vineeth Joel Patel2021-12-14 05:00 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
Here’s Why UK Startup Everrati's Porsche 911 Electric Conversions Are Special
The idea of converting classic cars to run on electricity is a novel one. Especially for iconic sports cars like the Porsche 911. Recently, British startup Everrati, which specializes in electrifying classic and legendary sports cars like the Porsche 911, Ford GT and Mercedes Benz Pagoda, unveiled a new all-electric reproduction of the 964 generation Porsche 911.
Manish Kharinta2021-09-23 14:30 PT
Porsche Unveils its 6th Generation Infotainment System with Android Auto & Voice Support
Automaker Porsche on Friday unveiled the 6th generation of its infotainment system called Porsche Communication Management (PCM) 6.0, which comes with a host of new features, including support for Android Auto and natural language voice commands.
FutureCar Staff 2021-07-25 10:10 PT
Porsche Looking to Develop Synthetic Fuel to Make ICE Cars as Efficient as EVs
The German luxury brand is looking to have the hydrogen-based fuel ready to test in 2022 and could potentially help classic car owners and enthusiasts to continue driving their internal combustion engine cars.
Vineeth Joel Patel2021-06-28 07:45 PT
Porsche is Offering Free OTA Software Updates for Early Taycan Owners
Porsche announced that its has updated all of last year’s electric Taycan models sold around the world with the latest software free of charge, meaning that customers that purchased a Taycan in 2020 can now get all of the same features and updates offered in the newest Taycan models. Porsche says these software updates offer improvements to the Taycan’s driving dynamics, intelligent charging functions, as well as additional functions for the Porsche Communication Management (PCM) system.
FutureCar Staff 2021-04-29 12:30 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
Porsche & Boeing to Develop VTOL Aircraft for Premium Urban Air Travel
German automaker Porsche and aviation giant Boeing signed a Memorandum of Understanding (MoU) to explore the premium air mobility market, including vertical take-off and landing (VTOL) aircraft that may one day quickly whisk people over urban traffic.
FutureCar Staff 2019-11-16 09:15 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 Expands it Vehicle Subscription Plan in the U.S. and Canada
As a result of the success of the pilot in Atlanta, Porsche announced today that it is expanding is subscription service as well as its more expensive “Porsche Drive” premium car rental service to four new cities in the U.S. and Canada beginning September 2019.
Eric Walz2019-10-05 13:00 PT
Porsche Believes Taycan Will Outsell 911, Has Over 30,000 Reservations
With over 30,000 reservations for the Porsche Taycan and production of the electric vehicle set to eclipse 40,000 units annually, Porsche believes its first all-electric vehicle will outsell the 911 sports car.
Vineeth Joel Patel2019-09-09 06:00 PT
Porsche Fined $598 Million for its Role in the ‘Dieselgate’ Emissions Scandal
German automaker Volkswagen Group is eager to put the dieselgate scandal behind it and move on. However German prosecutors continue to levy fines against the automaker's subsidiaries for their role in the emissions cheating scandal nearly four years ago.
FutureCar Staff 2019-06-13 18:40 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