You won’t read about it on any automaker’s website or sales materials, but nearly every major car company buys and studies its competitors’ products. Spy photographers sometimes catch companies like Ford benchmarking a Chevy Camaro or new Silverado pickup truck to gain insights into how they compare to a Mustang or F-150. Electric vehicles have democratized performance and speed, making them more accessible across a broader range of cars, so it’s not surprising to see Polestar testing a Porsche 911 to prepare for its own sports car launch in 2026.
Porsche is a brand for car nerds. There is no legitimate need for 1,700 variations on the 911 every year, but we get them, and people buy them before they even leave the factory. The 718 Cayman and Boxster have also had their fair share of special editions over the years. While they are nowhere near as common as “special” 911s, it’s not hard to find them, and Porsche just announced a new 718 variant to add to the stable.
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.
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.
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.
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.
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.
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.
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.
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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- IH_Fever The sales model was neat, especially the delivery part, but other than that, what was carvana besides carmax without a traditional brick and mortar lot? It couldn't keep its finances (or title documents) in order. Let it burn.
- IH_Fever EV charger on a GM lot, probably with a Cummins generator to keep them running. A regular melting pot haha
- Tassos Wake me up when VW (or any other loser "Legacy" automaker comes up with a "BETTER TESLA" BEV AT THE SAME PRICE. SO far, VW has FAILED MISERABLY AND LOST BILLIONS DOING IT. Its models are way underwhelming and inferior, and cost not much less than the model 3. ANd DESPITE the SCANDALOUS $7,500 tax credit, which is an INVERSE ROBIN HOOD, takes from the average household and gives it to the average BEV buying family, which has an income of $170k+, VW STILL FAILED.ALso notice the so-called "Mobility Officers" at FORD AND Renault QUIT. another HUGE SCAM, Autonomous Vehicles, they wasted 100s of billions (all idiot legacy makers together) and predicted billions of profits, but so far they DROWN IN A SEA OF RED INK with NOTHING to show for it. Morons will be morons, and the ones in this forum will cheer for their failures "AWESOME, WV, Indeed"! LOL!!!
- Jwee More range and faster charging cannot be good news for the heavily indebted and distracted Musk.Tesla China is discounting their cars. Apart from the Model 3, no one is much buying Tesla's here in Europe. Other groups have already passed Tesla in Europe, where it was once dominant.Among manufacturers, 2021 EV sales:VW Group 25%, Stellantis at 14.5%,Tesla at 13.9%Hyundai-Kia at 11.2% Renault Group at 10.3%. Just 2 years ago, Tesla had a commanding 31.1% share of the European EV marketOuch. https://carsalesbase.com/european-sales-2021-ev/@lou_BC, carsalebase.com changed their data, so this is slightly different than last time I posted this, but same idea.
- Varezhka Given how long the Mitsubishi USA has been in red, that's a hard one. I mean, this company has been losing money in all regions *except* SE Asia and Oceania ever since they lost the commercial division to Daimler.I think the only reason we still have the brand is A) Mitsubishi conglomerate's pride won't allow it B) US still a source of large volume for the company, even if they lose money on each one and C) it cost too much money to pull out and no one wants to take responsibility. If I was the head of Mitsubishi's North American operation and retreat was not an option, I think my best bet would be to reduce overhead by replacing all the cars with rebadged Nissans built in Tennessee and Mexico.As much as I'd like to see the return of Triton, Pajero Sport (Montero Sport to you and me), and Delica I'm sure that's more nostalgia and grass is greener thing than anything else.