(MENAFN - The Peninsula) AFP Frankfurt, Germany: German sports car maker Porsche said Friday that it would dramatically slow its shift to electric...
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Frankfurt, Germany: German sports car maker Porsche said Friday that it would dramatically slow its shift to electric vehicles amid weak demand, prompting parent company Volkswagen to warn of a multibillion-euro hit. It was the latest turmoil for 10-brand VW, Europe's biggest carmaker, which is struggling not only with a stuttering EV transition but also fierce competition in China and US President Donald Trump's tariff onslaught....
(MENAFN - The Peninsula) AFP Frankfurt, Germany: German sports car maker Porsche said Friday that it would dramatically slow its shift to electric...
AgenciesGerman sports car...
Porsche is dramatically scaling back its push into electric cars, shelving key models and extending the life of gasoline and hybrid vehicles. The...
Porsche is dramatically scaling back its push into electric cars, shelving key models and extending the life of gasoline and hybrid vehicles. The...
The future of electric vehicles in South Africa has been called into question, following comments from Hyundai CEO Stanley Anderson.
The future of electric vehicles in South Africa has been called into question, following comments from Hyundai CEO Stanley Anderson.
Porsche and its parent Volkswagen expect to take a R36-billion hit to their operating profit this year.
Porsche and its parent Volkswagen expect to take a R36-billion hit to their operating profit this year.
Bentley has become the latest Volkswagen Group brand to slow its transition to a fully electric lineup, confirming it will keep internal combustion...
Bentley has become the latest Volkswagen Group brand to slow its transition to a fully electric lineup, confirming it will keep internal combustion...