Tag: Porsche

Porsche AG Acquires Stake In Group14 Technologies 
May 5, 2022 No Responses

Porsche AG Acquires Stake In Group14 Technologies 

German automotive manufacturer, Porsche on Wednesday announced its stake acquisition in the US company Group14 Technologies, a producer of advanced silicon-carbon technology for lithium-ion batteries.    As the lead investor, Porsche is raising USD 100 million and leading a Series C...
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Porsche Delivers 301,915 Vehicles In 2021
January 14, 2022 No Responses

Porsche Delivers 301,915 Vehicles In 2021

Between January and December 2021, Porsche delivered a record 301,915 vehicles to customers worldwide, 11 percent more than 2020.  A statement issued by the German luxury sports car manufacturer, quoted a member of the Executive Board responsible for sale...
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Porsche To Open Malaysia Factory, First Outside Europe
September 4, 2021 No Responses

Porsche To Open Malaysia Factory, First Outside Europe

German luxury carmaker Porsche will open its first factory outside Europe next year in Malaysia, officials said Friday, seeking to meet strong demand in the Southeast Asian country.The manufacturing site in the northern state of Kedah will carry out ...
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Despite Covid-19, Porsche Attains $34.14b Revenue, Delivers 272,000 Vehicles In 2020
March 21, 2021 No Responses

Despite Covid-19, Porsche Attains $34.14b Revenue, Delivers 272,000 Vehicles In 2020

For the 2020 financial year, Porsche achieved record revenues of 28.7 billion euros ($34.14 billion), despite the Covid-19pandemic.   Porsche’s profit before tax also increased to almost 4.4 billion euros in 2020. In total, it deliver...
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Porsche seeks $235m damages from Audi over diesel scandal
October 10, 2017 No Responses

Porsche seeks $235m damages from Audi over diesel scandal

There’s trouble in Volkswagen paradise as Porsche begins litigation against its sister-brand Audi, alleging that the auto manufacturer’s role in the Dieselgate scandal has cost the luxury automaker upwards of $234 million, Reutersreports. In 2015, ...
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Porsche recalls 22,000 cars
July 28, 2017 No Responses

Porsche recalls 22,000 cars

Germany’s transport minister has announced a recall of 22,000 Porsche cars to remove what he says is illegal emissions-controlling software. He said that luxury marque Porsche would bear the cost of the recalls of the affected 3-litre Cayenne models. It....
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