Porsche IPO Could Happen This Month

Volkswagen AG is moving forward with its plan to list a minority stake in Porsche, with the latest details suggesting that the initial public offering could manifest by this month – if not early October. It’s set to be one of the biggest IPOs ever. But it’s also sounding like Volkswagen Group may abandon the scheme if the larger political or economic situation continues to sour. Considering the continent’s present trajectory, that doesn’t sound like it’s beyond the realm of possibilities. However, the quick turnaround for the offering may mean VW can get out ahead of any social unrest and financial upheaval. Ideally, the automaker still wants to see the sale happen. 

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Porsche's Next Flagship Will Be an EV Crossover

Despite hardcore motorsport enthusiasts collectively proclaiming the 911 as Porsche’s greatest model of all time, it’s presently being outsold by the all-electric Taycan sedan. As a subsidiary of Volkswagen Group, Porsche was already poised to electrify its entire lineup in anticipation of government restrictions on gasoline-powered models. But consumer interest in high-end EVs may be accelerating the process.

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VW CEO Says Audi and Porsche Will Be Joining F1

Audi and Porsche have been talking about Formula One for ages and it appears that the talk is finally being replaced by action. Volkswagen Group CEO Herbert Diess has confirmed that both will be entering F1 in the near future.

While the exact nature of their involvement hasn’t been explained, it’s assumed that Audi will be purchasing one of the existing teams while Porsche will become a purveyor of engines. Diess has only confirmed that the companies will be getting involved thus far.

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Porsche Investing in Synthetic 'eFuels'

Despite Porsche transitioning to all-electric vehicles with the rest of Volkswagen Group, the brand believes that its customers will still want to drive around vintage gasoline models even after the European Union has banned them into oblivion. This is especially important for the iconic 911, which the company has repeatedly hinted would be one of the last models in its lineup to ditch internal combustion.

With countless racing series already devoted to classic examples of the car, Porsche wants to ensure there’s a solution for motorists who want to do more than pet theirs in a silent garage should the government introduce even stricter standards for automobiles than what’s already coming down the pike. So it’s revisiting alternative fuels — specifically a carbon-neutral alternative to gasoline that would work in traditional engines — from Chilean e-fuel producer Highly Innovative Fuels, with whom it’s already investing.

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Porsche IPO May Be Stalled Over Russo-Ukrainian War

Despite news that Volkswagen Group’s largest shareholder is eager to list the Porsche brand, rumors are swirling that the plan might be delayed over the conflict in Eastern Europe. VW and Porsche SE have openly shared their desire to launch the initial public offering (IPO) in the fourth quarter of 2022. However Porsche Automobil Holding SE’s finance head has suggested it might not be prudent if Russia is still occupying parts of Ukraine.

“We cannot rule out, if the conflict lasts a longer time, that this could have potential implications on the listing,” CFO Johannes Lattwein recently explained during a press conference held in Berlin, adding that no formal decisions have yet been made.

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Cargo Ship Goes Down With Hold Full of German Automobiles

After two weeks of smoldering in the Atlantic Ocean, a cargo ship loaded with several thousand German automobiles has sunk. Packed with over 4,000 vehicles from Volkswagen Group, the Felicity Ace (pictured) originally gained notoriety for being a successful fire rescue mission conducted in open waters. But it was later revealed that a large number of the cars onboard were higher-end products from brands like Audi, Porsche, Bentley, and Lamborghini — making the salvage operation that followed likewise engaging.

Due to the immense size of the Felicity Ace, it would need to be towed several hundred nautical miles back toward Portugal so it could be serviced. Crews reportedly arrived on February 25th to evaluate the ship and prepare it for the trip back East. However, the cargo vessel began listing until it started to fall onto its starboard side and is now deemed unsalvageable. It’s assumed that the craft will be sinking near its current position, roughly 220 nautical miles from off the Portuguese Azores, taking its vehicular cargo along for the ride.

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Volkswagen AG Pressing Potential Porsche IPO

Volkswagen Group is apparently in talks with Porsche Automobil Holding SE about a potential initial public offering (IPO) for the Porsche luxury/sports brand. According to a statement from VW, the duo has already negotiated the agreed-upon frameworks and is in final discussions as to when they want to move forward.

Weeks of rumor preceded corporate confirmation, making it seem like the proposed deal was already a shoo-in. But any final decisions will still need to be approved by the management and supervisory boards — something Volkswagen Group said has yet to happen.

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Premium German Cars Heading to U.S. Now Trapped at Sea

A massive cargo ship, responsible for ferrying high-end Volkswagen Group products from Europe to the United States, has reportedly caught fire and is now adrift in the Atlantic Ocean.

Currently said to be smoldering at least one-thousand miles off the coast of Portugal, the crew of the Felicity Ace (not pictured) has been evacuated while the sweet treasures contained within remain trapped aboard. Included are about 1,100 Porsches, 189 Bentleys, and a gaggle of Lamborghinis. The remainder of the nearly 4,000 vehicles tucked beneath the the ship’s 650-foot deck are said to be comprised primarily of Audi and VW-branded automobiles.

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Are We Seeing the Next Porsche Panamera — or Just a Facelift?

Carscoops is reporting that following spy shots that suggested the Porsche Panamera is in line for a facelift, new snaps might indicate that a full redesign is on the way.

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Porsche Becoming Volume Brand

While it may not be on the cusp of supplanting Toyota in terms of sales, the Porsche brand has enjoyed relatively consistent growth since 2009. Despite 2020 representing a poor sales year for just about everyone who wasn’t producing vaccines, the German manufacturer weathered the storm better than most and came back to break a few records the following year.

By the end of 2021, Porsche had sold nearly 302,000 vehicles globally. It also managed to break its previous sales records in China and the United States. Considering that global production volumes have remained suppressed by supply chain problems, it was an impressive accomplishment. However, Detlev von Platen, Executive Board Member Sales & Marketing at Porsche AG, believes the automaker can still outdo itself in 2022.

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Porsche Drops Jaws in L.A. With 718 Cayman GT4 RS and Taycan GTS Sport Turismo

The crew from Stuttgart whipped the covers off new machines at this year’s Auto Show in Los Angeles. In particular, two of them caused necks to snap more quickly than if a famous Hollywood celebrity decided to doff their clothes and streak through the show floor.

We’re still waiting for that to happen, by the way.

As for cars, we’re partial to a new wagon-esque EV and a mid-engined hotshoe.

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VW Pumps the Brakes On Porsche Going Public, Eyeballs Job Cuts

Back in February, there was some buzz that Volkswagen Group was seriously considering spinning off the Porsche brand or at the very least listing it on the stock exchange. While the rumors technically go back further than that, it wasn’t until early 2021 that outlets started citing anonymous sources claiming VW felt it had become too bloated with brands and wanted to shake loose some money whilst streamlining the organization.

Not so, says Volkswagen CEO Herbert Diess. It always seemed suspect that the manufacturer would offload what has consistently become one of its most profitable brands, though an IPO didn’t seem out of the question considering how ridiculously well it has worked for other entities underpinned by hype (valid or otherwise). Diess has indicated that neither scenario looks plausible anymore, stating that VW isn’t all that interested in surrendering any amount of control right now.

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Horses, Porsche to Formula 1, and the Future of Internal Combustion

In 1921, there were more than 25 million horses in a United States populated by less than 110 million humans. I’m not a mathematographer, by any means, but I think that puts us at a ratio of about one horse for every four-ish people out there. And, just like there are many kinds of people, there are many kinds of horses, too. There are Quarter Horses, paints, Arabians, Appaloosas, and – of course – Thoroughbred racing horses.

Something strange has happened in the last hundred years, though. There are a lot more people and a lot fewer horses, for one thing – just 3 million horses for a whopping 330 million Americans – but it’s a curious thing that there are a lot more Thoroughbreds in 2021 than there were in 1921. What’s more, it’s almost certain that the meticulously bred horses spending their 21st Century days in luxurious stables are serving a vastly different purpose than their hard-working forbears.

You see where I’m going with this, right?

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Volkswagen Group: Audi Employs Ken Block, Porsche Making 718 Electric

Despite being the target of a German lawsuit accusing the manufacturer of not being green enough, Volkswagen Group is probably the legacy automaker touting the merits of electrification with the most enthusiasm. While undoubtedly influenced by the diesel emissions catastrophe that cheesed off every regulator in the Western world, its brand has actively been delivering EVs and praising alternative energy automobiles whenever possible.

There was more of that this week. Porsche has reportedly decided to make the 718 to be an all-electric model by 2025 and Audi recently announced that it’s employing rally icon and Hoonigan founder Ken Block (who broke with the Ford Motor Co. earlier this year) to develop EVs.

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Rare Rides: A Prototype 1970 Porsche 914 Murene, by Heuliez

Today’s Rare Ride is the second vehicle in the series designed by French coachbuilder Heuliez, and was a one-off as part of a Porsche 914 styling competition.

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  • FreedMike Can the final last call edition be the Secretary Special, with a V6 and a vinyl roof?
  • FreedMike I’ve never heard of this so I’ll have no problem not attending.
  • ToolGuy As I understand it, the Toyota Prius basically lasts forever because the engine gets a gentle duty cycle and the battery gets babied. This seems like the opposite of that.[Impressive tech, not for me, but then neither is the Prius.]
  • Dusterdude Excellent work ! Your stories are always linguistically interesting . Even if you weren’t writing about a quirky car on a long and adventuresome journey - I know your write up would still be interesting ! ( I also have a Soft spot for large cars - as my daily driver is a 2000 Chrysler Concorde )
  • MaintenanceCosts There have always been just two reasons to buy AMG cars: the menacing, hard-edged V8 warble, and the styling with subtle shapes but perfectly aggressive details. This is missing both of those things: the styling has gotten cartoonishly aggressive, and the engine will sound like a fart-can Civic. I don't understand why I should want it.