Porsche Financial News

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: EV makers are hitting pause on EV production; BP makes a deal; and Tesla escapes EU probe.

By Victoria Waldersee

Queensland Police have been joined by about 20 KPMG personnel in the search for David Ibels, a partner of the firm last seen at 4:45am on Saturday morning.

electric cars that are anticipated to launch in 2024, including the highly-anticipated all-electric G-Wagon off-roader.

By Christoph Steitz

Porsche Cayman 718 sports car after it went missing from a hotel's parking lot. The owner of the sportscar informed the security guards after he found that car missing from the parking lot, who reviewed the CCTV footage captured at the scene.

money (just like Beckham had confidence that he would get that ball into the goal), don’t just secretly watch those Leipzig racetrack Porsche testing videos, step out of your comfort zone and buy that car. There will be people in your life (just as Beckham had his teammates like Roy Keane, who just did not understand his habit of spending money) who will ask, ‘Who buys a pen? A fancy pen?’ But David Beckham - confident in his talent as a footballer and knowing that he was creating a brand - knew that the money would come. He worked hard on the pitch, always showed up to workout on time with his other teammates.

A post shared by Ashneer Grover (@ashneer.grover) Users and fans commented on his post with some praising the beauty of Delhi while others criticizing the treatment of animals. with one user wrote, “Porsche batana jaroori tha?" while another user wrote, “They have killed so many stray dogs in attempt to keep the city clean for G20" One user wrote, “Better late than never , it's our duty to maintain that beauty." Another wrote, “The song suggests Sir is getting a feeling of Dubai while roaming outside the House in Delhi" One also said, “3 din mazze lelo Delhi k ... Baad mein sab jante hai humara vikaas" Some other wrote, “Views will stay same in Porsche or Maruti" Another wrote, “Please no.

Former FTX executive Ryan Salame pleaded guilty to criminal charges stemming from the collapse of the cryptocurrency exchange.

The dynamic world of Bitcoin has been in the spotlight once again, experiencing both tumult and triumph. As of Friday, Bitcoin's price ascends to $26,289, marking a 1.5% hike. 

Volkswagen (VW) Group will adopt a phased approach to localisation of its battery electric vehicles (BEVs) in India and will await a strong business case before committing to offering affordable, 'Made in India' EVs, chairman of board of management of Volkswagen Group, Oliver Blume, told ET. This is even as the world's second largest automaker by volume, which sells the Skoda, Volkswagen, Audi, Lamborghini and Porsche brands in India, is a lot more confident of the Indian market now owing to the fast-paced growth it has seen in the country in the recent past that has made it the third largest car market globally. Blume was speaking on the sidelines of the Volkswagen Group's annual press meet in Munich. «We have a ramp-up curve for electric mobility, which includes bringing the right products and right positioning, especially for the Indian market, where you also need to address the lower segments.

Jailer' music director Anirudh Ravichander, the stupendous success of the film has brought him more laurels. Apart from being widely appreciated for his music on the silver screen, the young director has now bagged a luxury car as well. As a mark of appreciation, Kalanidhi Maran — the chairman of the Sun Group that has produced the film — has gifted the With the Nelson Dilipkumar directorial earning over Rs 600 crore globally, the chairman of the Sun Group — which is the producer of the Rajinikanth comeback — 's chairman, Kalanidhi Maran has given Anirudh Ravichander, the music composer of Jailer', an appreciation cheque along with the keys to a brand new Porshe. Ravichander's music played a pivotal role in the film's success. Maran, recognizing Anirudh's significant contribution, presented him with a generous cheque, the exact amount of which remains undisclosed. Sharing the news on X, Sun Pictures wrote, «Mr.Kalanithi Maran congratulated Anirudh Ravichander and handed over a cheque, celebrating the mammoth success of Jailer.»

₹3.92 crore on the first day, ₹3.11 crore on the second day, ₹4.17 crore on the third day, and ₹4.56 crore on the fourth day. The action-thriller “Jailer" which was released in theatres worldwide on August 10, has made a mark at the worldwide box office, accumulating a total of ₹637.79 crore as of Monday, according to film trade analyst Manobala Vijayabalan.

Indian market at an ex-showroom price of ₹4.26 crore. This establishes it as the highest-priced Porsche available for purchase in India. This latest iteration of the Porsche 911, known as the S/T, holds the distinction of being a limited edition model developed in honor of the 60th anniversary of the iconic 911.

emerging market anymore," Platen said. “There’s a very strong momentum in India as it welcomes investments, in infrastructure, sustainability and in R&D. Education levels here have changed in the last ten years.

luxury sports car maker Porsche AG expects around 80 per cent of its sales in India to come from fully electrified vehicles by 2030 and is lining up three such new vehicles to be introduced here early next year, a senior company official said on Tuesday. The company, which sells a range of luxury sports cars and SUVs priced between Rs 88 lakh and Rs 4.26 crore, is targeting GenZ customers, start-up entrepreneurs and women as it seeks to strengthen brand presence in India, Porsche AG Executive Board Member for Sales and Marketing Detlev von Platen told PTI in an interview. Porsche, however, has no plans in the short to medium term to locally assemble its vehicles in India, as it is focusing on establishing and strengthening the brand in India. «We announced that we want to be net carbon neutral by 2030. So, coming from a car manufacturer, which is more sporty-oriented, it was interesting to hear (that).

₹88 lakh to ₹1.84 crore ex-showroom. The 2023 Porsche Cayenne facelift and Cayenne Coupe facelift were officially introduced to the Indian market in July.

Porsche is exploring opportunities to start assembly of its iconic model SUV Cayenne in India amid an “unprecedented surge” in demand, senior industry executives aware of the German luxury carmaker’s plans told ET. Porsche AG board members Detlev von Platen, executive board for sales and marketing, and Matthias Becker, vice president of region overseas and emerging markets, are in Delhi to meet senior government officials, the sources said. They are scheduled to meet officials at Invest India and Niti Aayog on Tuesday. “Porsche is examining possibilities to locally assemble the SUV (Cayenne) to avail of tax benefits and expand its footprint in this fast-growing space,” a senior executive in know said on condition of anonymity. The company’s sales in India grew 64% on year to 779 units in 2022 with Cayenne accounting for almost half of it, the person said. Porsche did not share any information on the development in response to a query from ET. India recently surpassed Japan to become the third largest automobile market in the world. The country imposes 100% import duty on cars with cost, insurance and freight value of more than $40,000 and 70% on cheaper vehicles.

iOS 17, Apple Maps will show real-time charging availability information and allow electric vehicle (EV) drivers to select a preferred charging network. The tech giant had first announced the support for EV routing in Apple Maps back at Worldwide Developers Conference (WWDC) 2020, reports 9To5Mac. The feature was released for Ford Mustang Mach-E drivers last year, followed by Porsche Taycan drivers earlier this year.

new cars to have zero carbon emissions from 2035, Germany managed to wangle an exemption for vehicles running on “e-fuels". Some saw it as a charter for producers to continue flogging internal-combustion engined cars to petrol-heads. While it does, indeed, mean some petrol-powered sports cars are likely to remain in production in the future, the hope is they can be powered without overheating the planet.

Vedaant Madhavan, who has won many medals for India, is now taking the next step towards adulthood as he gets enrolled for driving lessons. But, this phase of adulting isn't the usual one. It involves driving a classy set of wheels — the Porsche.