Porsche Financial News

01.03 / 07:17

markets Volkswagen Apple Tesla Porsche reports Features Apple's purported electric car, Project Titan, hits a roadblock: Report

Project Titan, which reportedly spanned over a decade, initially aimed to rival Tesla's dominance in the electric vehicle market. There were even speculations about Apple considering the acquisition of Tesla, engaging in talks with the maverick entrepreneur Elon Musk. The project later shifted gears to explore self-driving car technology, only to revert to its original focus on developing an electric vehicle.

26.01 / 14:15

Citi FIVE Action Porsche OneCoin OneCoin Scam Lawyer Faces Decade Behind Bars for $400 Million Laundering

Mark Scott, a former partner at U.S. law firm Locke Lord, has been sentenced to 10 years in prison for his involvement in Ruja Ignatova’s OneCoin crypto scam worth nearly $400 million.

26.01 / 11:27

UPS Booking Platform Porsche Audi Features International TURBO Porsche Macan Turbo EV debuts in India at ₹1.65 crore, can accelerate from 0-100 kmph in just 3.3 seconds!

₹1.65 crore ex-showroom. The luxury automaker has initiated bookings for the Macan Turbo, with deliveries scheduled to commence in the second half of the year. Under the hood, the Macan 4 boasts a maximum power output of 402 bhp and a peak torque of 650 Nm.

15.01 / 12:23

markets FIVE Volkswagen Strategy Porsche Audi International Volkswagen Group's auto sales in India rise to 1,45,713 units in 2023

Volkswagen Group's car sales in India grew around 8 per cent year-on-year to 145,713 units in 2023, the company said on Monday. Of this, domestic sales stood at 101,465 units, while 44,248 units were exported, it said in a statement. The company had sold 134,667 cars in the January-December period of 2022, and increased 8 per cent to 145,713 units in 2023.

02.01 / 05:23

FIVE Tesla Porsche Xiaomi track reports BYD is set to beat Tesla for a second straight year after producing more than 3 million cars in 2023

BEIJING — BYD said Monday it produced more than 3 million new energy vehicles in 2023, putting the Chinese electric car giant on track to surpass Tesla's production for a second straight year.

31.12 / 12:54

Man JPMorgan Porsche Baxter Celebrity show consequences Ex-JPMorgan banker jailed for horrific crash in $100k new Porsche

While most people spend the last week celebrating Christmas, Jason Zibarras, a 50-year-old former JPMorgan banker who founded Argo Infrastructure Partners a decade ago, was starting his new life in jail.

28.12 / 16:24

Provident FIVE Tesla Porsche Xiaomi China’s Xiaomi unveils first EV

Chinese smartphone maker Xiaomi unveiled its first electric vehicle (EV) on Thursday, while also announcing the company’s ambitious goal of becoming one of the world’s top five automakers.

28.12 / 11:21

CEO Platform Tesla Porsche Xiaomi social electronic China's Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla

In this article

28.12 / 08:54

FIVE Dreams Tesla Porsche Caseys Xiaomi China's Xiaomi unveils first electric car, plans to become top automaker

By Yelin Mo and Casey Hall

23.12 / 16:01

Citi Williams Porsche China's Nio launches flagship EV to take on Maybach, Panamera

XIAN (Reuters) — Chinese electric car maker Nio (NYSE:NIO) on Saturday unveiled a flagship model featuring self-developed technologies including semiconductors, betting they would help prop up earnings, as a bruising price war and slowing car demand weigh on profitability.

12.12 / 00:59

Fighting Porsche show hospital Lawyers for New Hampshire casino owner fight fraud allegations at hearing

A former New Hampshire state senator is fighting allegations that he fraudulently obtained a COVID-19 relief loan and used part of the money to buy luxury cars

01.12 / 09:49

Booking CEO Racing Tesla Porsche performer reports Features Tesla's Cybertruck outperforms Porsche 911 while towing another! Check out prices and features

Elon Musk officially revealed the price of the electric pickup truck during a grand delivery event at the Gigafactory in Texas. Musk personally drove one of the delivered models, showcasing the Cybertruck's performance. Contrary to Elon Musk's statements during the global debut of the Cybertruck in 2019, the electric vehicle's price has increased by at least 50 percent.

01.12 / 01:49

Tesla Porsche Experts show stage elon Elon Musk's Tesla Cybertruck at starting price of $60,990, over 50% higher than estimates

Elon Musk had touted in 2019 and a cost analysts have said will draw select, affluent buyers. The truck, made of shiny stainless steel and shaped into flat planes, is partly inspired by a car-turned-submarine in the 1977 James Bond movie "The Spy Who Loved Me," Musk has said. Its new body material and unconventional, futuristic styling has added complexity and costs to production, and threatens to alienate traditional pickup truck buyers who focus on utility, experts say.

01.12 / 00:41

Manufacturing CEO Tesla Porsche show stage innovations Tesla delivers about a dozen stainless steel Cybertruck pickups as it tries to fix production woes

With manufacturing kinks still to be worked out, Tesla has delivered the first dozen or so of its futuristic Cybertruck pickups to customers

29.11 / 03:05

IPO Manufacturing Porsche show reports testing prevention Shein IPO: Fast-fashion retailer ready to be listed in New York can create stir around China roots

Shein has a lot of work to do to convince skeptics that the runway is clear for it to launch an initial public offering next year. The Singapore-headquartered company filed confidentially for a listing in New York, a person familiar with the matter has said, weeks after Bloomberg News reported that it could seek a valuation of as much as $90 billion in a first-time share sale.

06.11 / 07:35

Art Waters Porsche Death love John Kahlbetzer, from oil rigs to the Rich List, dies at 92

Businessman John Kahlbetzer retained his competitive spirit and was still fit enough to play tennis just months before his death at the age of 92, according to his family.

05.11 / 13:41

Target Booking Porsche Speed breaker in sight for TaMo’s JLR?

Tata Motors Ltd’s (TaMo’s) British subsidiary, Jaguar Land Rover Automotive Plc (JLR) has come a long way—from failing to meet the margin target in FY23 to raising the guidance in FY24. Recall that in FY23, JLR had clocked an Ebit (earnings before interest and tax) margin of 2.4%, lower than the 5% guided when the year began. For FY24, it has raised Ebit margin target to 8% from 6% plus earlier.

03.11 / 10:17

Booking Platform Porsche show social rave youtuber Elvish Yadav, 'Big Boss' winner and YouTuber, booked for alleged involvement in snake-infused rave parties; Who is he?

Elvish Yadav, a 26-year-old Gurugram resident shot to fame with his YouTube Videos that he began broadcasting on the video sharing platform from the year 2016. According to latest estimates Elvish Yadav has a following of 13.2 million subscribers and 1.16 billion views on his primary YouTube channel. Elvish Yadav initially named his channel 'The Social Factory' but later rebranded it to Elvish Yadav.

03.11 / 08:55

Provident Google Porsche film 2020 travelers Porsche driver who filmed dying police wanted on new warrants

Police have asked the public for help to find Richard Pusey, the Porsche-driving former mortgage broker who filmed dying police officers at a 2020 vehicle accident, who is wanted on outstanding warrants.

02.11 / 14:03

Waters Porsche Discover Instagram love social stars 500 Outrage erupts as lottery winner's girlfriend uses 500-euro note as tissue in viral video

£10 million lottery champion and his girlfriend have set social media abuzz with a video that was meant to be a playful skit but has landed them in hot water, accused of insensitivity and being detached from reality. Kursat Yildirim, the 42-year-old German lottery victor, and his partner, Candice, a policewoman, are the stars of this viral video. The sketch commences with Yildirim delivering a cup of coffee to his girlfriend, only to discover her in tears.

30.10 / 10:53

IPO Reuters Manufacturing CEO Porsche NVIDIA Xerox Nvidia-backed startup Seurat hints at IPO after $99 million fundraise

Seurat Technologies, a 3D metal-printing startup, on Monday hinted at potentially going public in the medium term and said it had raised $99 million in a funding round co-led by chip designer Nvidia's venture capital arm. With the latest series C funding round, the company's valuation will approach $350 million, said a source who asked not to be named.

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