For the first time in its 61-year history, Porsche is installing a hybrid drive system in a roadgoing 911. The upcoming all-new Porsche 911 will get a new 400V electric system, possibly combined with a 4.4-litre V8 engine, and it will be faster than its predecessor. Following a worldwide testing process of over 3 million miles, the first-ever series-production 911 Hybrid is all set to make its global debut on May 28. So, let's take a look at some of its mind-boggling performance-test results.

2025 Porsche 911 to go hybrid | WION Drive

Porsche India has launched&nbsp;the third generation of the Panamera luxury sedan, offering a blend of digital innovation, enhanced luxury, and improved efficiency. With a starting price of INR 1,69,62,000, the new Panamera aims to redefine the segment with its fresh design and advanced technology.

Enhanced design and performance

The latest iteration of the Porsche Panamera boasts a redesigned exterior, featuring a wider profile and modern aesthetics. The model’s dynamic features are supplemented by the more potent drive-units, giving a wider-range of a more dynamic performance and driving comfort.

Advanced suspension system

Equipped with dual-chamber twin-valve air suspension, and Porsche Active Suspension Management (PASM) as the standard setting, the new Panamera will be able to provide optimal suspension to its passengers and drivers. This suspension system aims to provide a perfect balance between comfort and sportiness, enhancing stability and ride quality.

Optimised powertrain

Modifications to the 2.9-litre V6 turbo engine have resulted in improved performance, generating 260 kW (353 PS) and 500 Nm of torque. This upgrade enhances acceleration, with the Panamera sprinting from 0 to 100 km/h in just 5.1 seconds and achieving a top speed of 272 km/h.

Interior and driver-centric cockpit

Inside, the Panamera offers a luxurious and sporty ambiance, featuring a redesigned cabin with premium materials and state-of-the-art technology. The Porsche Driver Experience cockpit concept ensures a seamless driving experience, with digital and analogue elements positioned for optimal accessibility and usability.

Lighting technology

The new Panamera comes equipped with standard Matrix LED headlights, offering advanced lighting features for enhanced visibility and safety. The optional high-resolution HD Matrix LED lighting system provides up to 600 metres of illumination range, ensuring optimal visibility in various driving conditions.

Standard features and production details

Deliveries of the new Porsche Panamera have commenced, offering extended standard equipment compared to its predecessor. Standard features include LED matrix headlights, ParkAssist, driving mode switch on the steering wheel, and a cooled smartphone compartment with inductive charging function.

Porsche produces the new Panamera at its Leipzig factory, which has been modified to accommodate the production of the third generation. The Saxon production site has a rich history with the Panamera, having assembled the first and second generations of the model line.

The launch of the third generation Panamera marks a significant milestone for Porsche India, offering customers an unparalleled combination of performance, luxury, and innovation in the luxury sedan segment.

Porsche India has launched the third generation of the Panamera luxury sedan, offering a blend of digital innovation, enhanced luxury, and improved efficiency. With a starting price of INR 1,69,62,000, the new Panamera aims to redefine the segment with its fresh design and advanced technology.

Porsche India has launched the third generation of the Panamera luxury sedan, offering a blend of digital innovation, enhanced luxury, and improved efficiency. With a starting price of INR 1,69,62,000, the new Panamera aims to redefine the segment with its fresh design and advanced technology. Enhanced design and performance The latest iteration of the Porsche Panamera boasts a redesigned exterior, featuring a wider profile and modern aesthetics. The model’s dynamic features are supplemented by the more potent drive-units, giving a wider-range of a more dynamic performance and driving comfort. Advanced suspension system Equipped with dual-chamber twin-valve air suspension, and Porsche Active Suspension Management (PASM) as the standard setting, the new Panamera will be able to provide optimal suspension to its passengers and drivers. This suspension system aims to provide a perfect balance between comfort and sportiness, enhancing stability and ride quality. Optimised powertrain Modifications to the 2.9-litre V6 turbo engine have resulted in improved performance, generating 260 kW (353 PS) and 500 Nm of torque. This upgrade enhances acceleration, with the Panamera sprinting from 0 to 100 km/h in just 5.1 seconds and achieving a top speed of 272 km/h. Interior and driver-centric cockpit Inside, the Panamera offers a luxurious and sporty ambiance, featuring a redesigned cabin with premium materials and state-of-the-art technology. The Porsche Driver Experience cockpit concept ensures a seamless driving experience, with digital and analogue elements positioned for optimal accessibility and usability. Lighting technology The new Panamera comes equipped with standard Matrix LED headlights, offering advanced lighting features for enhanced visibility and safety. The optional high-resolution HD Matrix LED lighting system provides up to 600 metres of illumination range, ensuring optimal visibility in various driving conditions. Standard features and production details Deliveries of the new Porsche Panamera have commenced, offering extended standard equipment compared to its predecessor. Standard features include LED matrix headlights, ParkAssist, driving mode switch on the steering wheel, and a cooled smartphone compartment with inductive charging function. Porsche produces the new Panamera at its Leipzig factory, which has been modified to accommodate the production of the third generation. The Saxon production site has a rich history with the Panamera, having assembled the first and second generations of the model line. The launch of the third generation Panamera marks a significant milestone for Porsche India, offering customers an unparalleled combination of performance, luxury, and innovation in the luxury sedan segment.

Porsche India launches 3rd gen Panamera at INR 1.69 cr

A recent study analysing over 400,000 UK road accidents suggested that drivers of certain car brands, such as Subaru, Porsche, and BMW, are more likely to be causing crashes, particularly when "risky or aggressive maneuvers" are a factor.

The analysis revealed a significant statistical difference across various brands, with Subaru, Porsche, and BMW being associated more with "dodgy driving" behaviours.

This includes speeding, running red lights, neglecting pedestrian crossings, or overtaking on double white lines. This kind of conduct by drivers is more common in Subaru, Porsche, and BMW when compared to brands like Skoda or Hyundai.

<h2>Branding influencing driver behaviour?&nbsp;</h2>

The researchers, after considering variables such as drivers' ages and road types, proposed that branding might play a role in these findings. The study, published in the Journal of Social Marketing has raised concerns into the role of car marketing in influencing driver behaviour.

Also Read |&nbsp;<a href="https://www.wionews.com/science/earth-was-more-charming-for-aliens-when-dinosaurs-existed-657525">Earth was more charming for aliens when dinosaurs existed</a>

Lead author Alan Tapp, a professor of social marketing, said that the prevalence of aggressive driving was higher among brands characterised by advertising and marketing that seemingly "celebrate performance driving, look at me, king-of-the-road stuff."

Subaru drivers were found to exhibit the highest proportion of "injudicious action," as described by the paper.&nbsp;

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A Porsche spokesperson highlighted their commitment to safety.

Subaru noted changes in their range since the examined data period 2011-2015 data. BMW also stressed on their dedication to safety in marketing practices.

However, branding guru Mark Borkowski suggested that car manufacturers have long influenced consumers to buy into a lifestyle brand by&nbsp;“bewitching a consumer"&nbsp;that "you have the Top Gear or Grand Tour idiom, or movies like Fast and Furious or James Bond”.

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“None of those experiences and imagery seem particularly real, but people maybe – particularly guys – step into those cars and think they’ve become those brands, even when you don’t have those Swiss mountain passes or the LA Freeway. And nothing looks more silly than being in a super-sleek car tootling slowly around on the streets of Guildford and Gosport,"&nbsp;Borkowski added.&nbsp;

(With inputs from agencies)

A recent study analysing over 400,000 UK road accidents suggested that drivers of certain car brands, such as Subaru, Porsche, and BMW, are more likely to be causing crashes, particularly when "risky or aggressive maneuvers" are a factor.

A recent study analysing over 400,000 UK road accidents suggested that drivers of certain car brands, such as Subaru, Porsche, and BMW, are more likely to be causing crashes, particularly when "risky or aggressive maneuvers" are a factor. The analysis revealed a significant statistical difference across various brands, with Subaru, Porsche, and BMW being associated more with "dodgy driving" behaviours. This includes speeding, running red lights, neglecting pedestrian crossings, or overtaking on double white lines. This kind of conduct by drivers is more common in Subaru, Porsche, and BMW when compared to brands like Skoda or Hyundai. Branding influencing driver behaviour? The researchers, after considering variables such as drivers' ages and road types, proposed that branding might play a role in these findings. The study, published in the Journal of Social Marketing has raised concerns into the role of car marketing in influencing driver behaviour. Also Read | Earth was more charming for aliens when dinosaurs existed Lead author Alan Tapp, a professor of social marketing, said that the prevalence of aggressive driving was higher among brands characterised by advertising and marketing that seemingly "celebrate performance driving, look at me, king-of-the-road stuff." Subaru drivers were found to exhibit the highest proportion of "injudicious action," as described by the paper. Also Read | Melting sea ice causing heavier snowfall in Antarctica, staving off high sea levels A Porsche spokesperson highlighted their commitment to safety. Subaru noted changes in their range since the examined data period 2011-2015 data. BMW also stressed on their dedication to safety in marketing practices. However, branding guru Mark Borkowski suggested that car manufacturers have long influenced consumers to buy into a lifestyle brand by “bewitching a consumer" that "you have the Top Gear or Grand Tour idiom, or movies like Fast and Furious or James Bond”. Watch | Dyson Zone headphones: Worth your money? × “None of those experiences and imagery seem particularly real, but people maybe – particularly guys – step into those cars and think they’ve become those brands, even when you don’t have those Swiss mountain passes or the LA Freeway. And nothing looks more silly than being in a super-sleek car tootling slowly around on the streets of Guildford and Gosport," Borkowski added. (With inputs from agencies)

Subaru, Porsche, and BMW drivers likely cause more car crashes in UK, study blames 'look-at-me' branding

In order to enable even more seamless integration of Google services in Porsche automobiles, Porsche and Google are extending their partnership. In upcoming car generations, Porsche will provide Google services for voice recognition, navigation, and the app ecosystem. Production is scheduled to begin in the middle of the decade.

Porsche-Google Team Up: Porsche to integrate Google Maps, Assistance into future cars

Sensigo, a California-based startup, is using cutting-edge AI solutions to help vehicle repairs. Now launched by the German automaker Porsche in association with Partners Sensigo's AI model enables vehicle service technicians to diagnose and resolve and eventually, predict repair issues.

Sensigo, an AI solutions startup backed by Porsche, to help reduce car repairs

Porsche AG, a German sports car manufacturer, is doubling down on expanding its presence in India, as a new generation of Indians look for supercar brands with a sustainable story, Detlev von Platen, a member of the company’s executive board told Mint.

“India has a chance (to grow the luxury car market) when you look at its willingness to invest in sustainable technology and infrastructure. We’d like to learn more about it. At Porsche, we have a clear commitment to be net-carbon neutral by 2030, which means our entire supply chain and even the usage of our products must be net carbon-neutral. India can be a country where the transition to EVs can happen quickly. We don’t see India as an&nbsp;emerging market anymore,” Mint quoted Platen as saying.

In addition, Platen noted that India has a strong momentum as it embraces investment in research and development (R&amp;D), sustainability, and infrastructure. Although many opportunities have opened up over the past ten years, he said that the company will not set up assembly units in India. Instead, the vehicle manufacturer would prioritise value-oriented growth, sustainable growth, and national brand building in the country.&nbsp;

By the end of the year, the German high-performance automaker would have 10 dealer-investors in India, giving it a presence in all significant tier-one markets, the company said.

Platen also told Mint that Porsche is one of the fastest growing luxury car brands in India. As part of the luxury car market in India, Planten said that Porsche would continue to be small in terms of its volume.&nbsp;

He added that the group would&nbsp;not see India as an emerging market anymore, especially in terms of establishing all operations in the country, arguing that&nbsp;India is a leading country in terms of software technologies.&nbsp;

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Porsche AG, a German sports car manufacturer, is doubling down on expanding its presence in India, as a new generation of Indians look for supercar brands with a sustainable story, Detlev von Platen, a member of the company’s executive board told Mint.

Porsche AG, a German sports car manufacturer, is doubling down on expanding its presence in India, as a new generation of Indians look for supercar brands with a sustainable story, Detlev von Platen, a member of the company’s executive board told Mint. “India has a chance (to grow the luxury car market) when you look at its willingness to invest in sustainable technology and infrastructure. We’d like to learn more about it. At Porsche, we have a clear commitment to be net-carbon neutral by 2030, which means our entire supply chain and even the usage of our products must be net carbon-neutral. India can be a country where the transition to EVs can happen quickly. We don’t see India as an emerging market anymore,” Mint quoted Platen as saying. In addition, Platen noted that India has a strong momentum as it embraces investment in research and development (R&D), sustainability, and infrastructure. Although many opportunities have opened up over the past ten years, he said that the company will not set up assembly units in India. Instead, the vehicle manufacturer would prioritise value-oriented growth, sustainable growth, and national brand building in the country. By the end of the year, the German high-performance automaker would have 10 dealer-investors in India, giving it a presence in all significant tier-one markets, the company said. Platen also told Mint that Porsche is one of the fastest growing luxury car brands in India. As part of the luxury car market in India, Planten said that Porsche would continue to be small in terms of its volume. He added that the group would not see India as an emerging market anymore, especially in terms of establishing all operations in the country, arguing that India is a leading country in terms of software technologies. WATCH WION LIVE HERE

India can see quick transition to EVs: Senior Porsche executive

Major auto manufacturers Porsche and Volkswagen will incorporate automated assistance and navigation functions from Mobileye's "SuperVision" technology platform in future models.

Autonomous driving: Porsche to team up with Mobileye on automated driving software

Porsche to team up with Mobileye on automated driving software

An online advertisement for a luxury sports car appeared too good to be true to China's potential car buyers. The brand-new vehicle was mistakenly listed by a Porsche dealership in the Chinese city of Yinchuan for &nbsp;¥124,000 ($18,300, £15,000).

The price listed was just a fraction of what it should have been. The starting price of the Porsche Panamera is $148,000. Hundreds of potential buyers were attracted to the advertisement and rushed to clinch the offer, believing it to be a bargain price.&nbsp;

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The German car maker's spokesperson, while speaking to the BBC, said that the promotion "contained a serious mistake in the listed retail price", which was immediately taken down.

"As there was only one vehicle in stock, in accordance with the sales process, Porsche Centre Yinchuan has communicated with the first customer who made an online refunded reservation fee and has negotiated an agreeable outcome", the car manufacturer added.

Also, the dealership contacted "every bidder individually and explained the situation with an apology".

The dealership posted the incorrect information on January 30 and the &nbsp;¥911 reservation fee paid by the customers was refunded, stated &nbsp;Porsche.&nbsp;

The Chinese social media was abuzz with the incidents, as one commentator posted, "This is why I don't buy Porsche lol". Other social media users called it a promotional strategy that was "well conducted".&nbsp;

WATCH | Why are car prices on the rise in India?

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Some people also called that company "irresponsible" and said that the cut-price offer should have been honoured by Porsche. &nbsp;

A social media user also shared that he was the first person who attempted to buy the car at a bargain price but he cancelled the order when the real price was mentioned by the company.&nbsp;

(With inputs from agencies)

You can&nbsp;now write for wionews.com&nbsp;and be a part of the community. Share your stories and opinions with us&nbsp;<a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

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An online advertisement for a luxury sports car appeared too good to be true to China's potential car buyers. The brand-new vehicle was mistakenly listed by a Porsche dealership in the Chinese city of Yinchuan for ¥124,000 ($18,300, £15,000).

An online advertisement for a luxury sports car appeared too good to be true to China's potential car buyers. The brand-new vehicle was mistakenly listed by a Porsche dealership in the Chinese city of Yinchuan for ¥124,000 ($18,300, £15,000). The price listed was just a fraction of what it should have been. The starting price of the Porsche Panamera is $148,000. Hundreds of potential buyers were attracted to the advertisement and rushed to clinch the offer, believing it to be a bargain price. ALSO READ | As 'treat before bed', six-year-old orders $1000-worth food online from dad's unattended phone The German car maker's spokesperson, while speaking to the BBC, said that the promotion "contained a serious mistake in the listed retail price", which was immediately taken down. "As there was only one vehicle in stock, in accordance with the sales process, Porsche Centre Yinchuan has communicated with the first customer who made an online refunded reservation fee and has negotiated an agreeable outcome", the car manufacturer added. Also, the dealership contacted "every bidder individually and explained the situation with an apology". The dealership posted the incorrect information on January 30 and the ¥911 reservation fee paid by the customers was refunded, stated Porsche. The Chinese social media was abuzz with the incidents, as one commentator posted, "This is why I don't buy Porsche lol". Other social media users called it a promotional strategy that was "well conducted". WATCH | Why are car prices on the rise in India? Some people also called that company "irresponsible" and said that the cut-price offer should have been honoured by Porsche. A social media user also shared that he was the first person who attempted to buy the car at a bargain price but he cancelled the order when the real price was mentioned by the company. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

Porsche brand new vehicle at a bargain price? Buyers rush for false deal

A US judge granted final approval to a class action settlement worth $80 million. To resolve claims, Volkswagen and Porsche unites skewed emissions and fuel economy data on 50,000 Porsche vehicles in the United States.

WION Business News | Porsche US emission data case: Judge approves $80 mn settlement

If you can't buy luxury car maker Porsche, you can at least go and buy its shares because luxury car maker Porsche's shares will list on stock markets today.

WION Business News | Historic Porsche IPO amid market tumult

Volkswagen is targeting a valuation of up to $75.1 billion for luxury sportscar maker Porsche, it said on Sunday, in what will be Germany's second-largest initial public offering (IPO) in history.

Volkswagen will price preferred shares in the flotation of Porsche AG at $76.30 to $82.28 per share, the carmaker said, translating into a valuation of $70. to S75.1 billion.

At the upper end of the range, first reported by Reuters, it would become Europe's third largest IPO on record, according to Refinitiv data. Trading will begin on the Frankfurt Stock Exchange on September 29, Volkswagen said.

As part of the listing, 911 million Porsche AG shares will be divided into 455.5 million preferred shares and 455.5 million ordinary shares. Up to 113,875,000 preferred shares, carrying no voting rights will be placed with investors over the course of the IPO.

The sovereign wealth funds of Qatar, Abu Dhabi, and Norway as well as mutual fund company T. Rowe Price will subscribe up to $3.67 billion worth of preferred shares as cornerstone investors, at the upper end of the valuation, Volkswagen said.

"We are now in the home stretch with the IPO plans for Porsche and welcome the commitment of our cornerstone investors," Volkswagen Chief Financial Officer and Chief Operating Officer Arno Antlitz said.

In line with Volkswagen's agreement earlier in September with its largest shareholder Porsche SE. 25 per cent plus one ordinary share in the sportscar brand, which do carry voting rights, will go to Porsche SE at the price of the preferred shares plus a 7.5 per cent premium.

Porsche SE, the holding firm controlled by the Porsche and Piech families, will finance the acquisition of the ordinary shares with debt capital of up to $7.8 billion, it said in a separate statement.

Total proceeds from the sale will be $17.9 billion to $19.4 billion. If the IPO goes ahead, Volkswagen will call an extraordinary shareholder meeting in December where it will propose to pay 49 per cent of total proceeds to shareholders in early 2023 as a special dividend.

A stock exchange prospectus is expected to be published on Monday, after which institutional and private investors can subscribe to Porsche shares.

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&nbsp;

Volkswagen is targeting a valuation of up to $75.1 billion for luxury sportscar maker Porsche, it said on Sunday, in what will be Germany's second-largest initial public offering (IPO) in history.

Volkswagen is targeting a valuation of up to $75.1 billion for luxury sportscar maker Porsche, it said on Sunday, in what will be Germany's second-largest initial public offering (IPO) in history. Volkswagen will price preferred shares in the flotation of Porsche AG at $76.30 to $82.28 per share, the carmaker said, translating into a valuation of $70. to S75.1 billion. At the upper end of the range, first reported by Reuters, it would become Europe's third largest IPO on record, according to Refinitiv data. Trading will begin on the Frankfurt Stock Exchange on September 29, Volkswagen said. As part of the listing, 911 million Porsche AG shares will be divided into 455.5 million preferred shares and 455.5 million ordinary shares. Up to 113,875,000 preferred shares, carrying no voting rights will be placed with investors over the course of the IPO. The sovereign wealth funds of Qatar, Abu Dhabi, and Norway as well as mutual fund company T. Rowe Price will subscribe up to $3.67 billion worth of preferred shares as cornerstone investors, at the upper end of the valuation, Volkswagen said. "We are now in the home stretch with the IPO plans for Porsche and welcome the commitment of our cornerstone investors," Volkswagen Chief Financial Officer and Chief Operating Officer Arno Antlitz said. In line with Volkswagen's agreement earlier in September with its largest shareholder Porsche SE. 25 per cent plus one ordinary share in the sportscar brand, which do carry voting rights, will go to Porsche SE at the price of the preferred shares plus a 7.5 per cent premium. Porsche SE, the holding firm controlled by the Porsche and Piech families, will finance the acquisition of the ordinary shares with debt capital of up to $7.8 billion, it said in a separate statement. Total proceeds from the sale will be $17.9 billion to $19.4 billion. If the IPO goes ahead, Volkswagen will call an extraordinary shareholder meeting in December where it will propose to pay 49 per cent of total proceeds to shareholders in early 2023 as a special dividend. A stock exchange prospectus is expected to be published on Monday, after which institutional and private investors can subscribe to Porsche shares. WATCH WION LIVE HERE:

Volkswagen targets $75.1 billion IPO valuation for Porsche

Red Bull Team Principal Christian Horner recently offered fans some insight into why their deal with German auto giants Porsche fell through after a brief period of negotiations and deliberations.

Two&nbsp;Volkswagon entities Porsche and Audi were gunning for a way to make their way into Formula 1. However, it seems like the Stuttgart-founded outfit failed to successfully enter the premiere racing format in the world.

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While discussing Porsche's plans and the offers that they made to Red Bull, Horner asserted that the German luxury brand lacked solid plans. Horner also admitted that what Porsche had to offer did not seem like something worth losing their independence over.

“I think big organisations need significant planning, and I think were slightly getting a bit ahead of themselves, but there was never a binding commitment signed between the parties. That must have been subjective on their part,” Horner said.

“So I’m not going to go into the detail of what those details were or entail, but one the strengths this team has has been its independence, at times it instils all of the virtues and values of Red Bull - as a challenger, as a maverick - and it’s one of the core attributes that has enabled us to be as successful as we have in the sport to date," he further added on the matter.

ALSO READ:&nbsp;<a href="https://www.wionews.com/sports/porsches-future-in-f1-uncertain-as-partnership-talks-with-red-bull-crash-and-burn-514652" hreflang="en">Porsche's future in F1 uncertain as partnership talks with Red Bull crash and burn</a>

“One of our core strengths has been our independence and our quick decision-making and lack of bureaucracy. We’re a race team fundamentally and that enables us to make quick decisions, effective decisions and react very quickly as a race team," asserted Horner.&nbsp;

Red Bull are currently hurtling towards one of the grandest races in the Formula 1 calendar, the Italian Grand Prix at Monza. They will look to bolster their championship aspirations with a major point haul once the lights go out in Milan.

Red Bull Team Principal Christian Horner recently offered fans some insight into why their deal with German auto giants Porsche fell through after a brief period of negotiations and deliberations.

Red Bull Team Principal Christian Horner recently offered fans some insight into why their deal with German auto giants Porsche fell through after a brief period of negotiations and deliberations. Two Volkswagon entities Porsche and Audi were gunning for a way to make their way into Formula 1. However, it seems like the Stuttgart-founded outfit failed to successfully enter the premiere racing format in the world. ALSO READ: Williams F1 dealt blow as Alex Albon is ruled out of Italian GP due to appendicitis While discussing Porsche's plans and the offers that they made to Red Bull, Horner asserted that the German luxury brand lacked solid plans. Horner also admitted that what Porsche had to offer did not seem like something worth losing their independence over. “I think big organisations need significant planning, and I think were slightly getting a bit ahead of themselves, but there was never a binding commitment signed between the parties. That must have been subjective on their part,” Horner said. “So I’m not going to go into the detail of what those details were or entail, but one the strengths this team has has been its independence, at times it instils all of the virtues and values of Red Bull - as a challenger, as a maverick - and it’s one of the core attributes that has enabled us to be as successful as we have in the sport to date," he further added on the matter. ALSO READ: Porsche's future in F1 uncertain as partnership talks with Red Bull crash and burn “One of our core strengths has been our independence and our quick decision-making and lack of bureaucracy. We’re a race team fundamentally and that enables us to make quick decisions, effective decisions and react very quickly as a race team," asserted Horner. Red Bull are currently hurtling towards one of the grandest races in the Formula 1 calendar, the Italian Grand Prix at Monza. They will look to bolster their championship aspirations with a major point haul once the lights go out in Milan.

Red Bull frontman Christian Horner offers insight into the failed deal with German auto giants Porsche

Porsche's Formula 1 aspirations were dealt a major blow after their negotiations with Red Bull seem to have hit a permanent roadblock. The two parties failed to reach an agreement as their ideas regarding the extent of their partnership failed to match.

The luxury car manufacturer offered fans some insight into the situation with a statement, revealing that the decision to discontinue talks was arrived at mutually. They also confirmed that they were still vying for a spot on the grid and would continue to work towards the goal despite the unforeseen delay.

ALSO READ:&nbsp;<a href="https://www.wionews.com/sports/premier-league-moves-to-postpone-the-upcoming-match-round-to-show-respect-to-her-majesty-queen-elizabeth-ii-514614" hreflang="en">Premier League moves to postpone the upcoming match round to show respect to Her Majesty Queen Elizabeth II</a>

"In the course of the last few months, Dr. Ing. h.c. F. Porsche AG and Red Bull GmbH have held talks on the possibility of Porsche's entry into Formula 1," the statement reads. "The two companies have now jointly come to the conclusion that these talks will no longer be continued.

"The premise was always that a partnership would be based on an equal footing, which would include not only an engine partnership but also the team. This could not be achieved. With the finalised rule changes, the racing series nevertheless remains an attractive environment for Porsche, which will continue to be monitored."

While both parties have done a relatively good job at keeping the details regarding their deal under wraps, certain reports suggest that the German brand were looking to acquire a 50% stake in Red Bull's team in addition to becoming their primary engine supplier.

ALSO READ:&nbsp;<a href="https://www.wionews.com/sports/us-open-mens-singles-sf-live-streaming-when-and-where-to-watch-frances-tiafoe-vs-carlos-alcaraz-tie-514638" hreflang="en">US Open men’s singles SF live streaming: When and where to watch Frances Tiafoe vs Carlos Alcaraz tie?</a>

This update came as a surprise as their fellow German automobile giants Audi revealed that they had finalised a deal to foray into the realm of Formula 1 as engine suppliers from the 2026 season.

It is interesting to note that Porsche, unlike Audi, have experience in working with Formula 1. They had a team on the grid between&nbsp;1957-62. However, their stint in the premiere racing format in the world was hardly something to write home about as they only managed to win once owing to&nbsp;Dan Gurney's efforts&nbsp;in the 1962 French Grand Prix.

Porsche's Formula 1 aspirations were dealt a major blow after their negotiations with Red Bull seem to have hit a permanent roadblock. The two parties failed to reach an agreement as their ideas regarding the extent of their partnership failed to match.

Porsche's Formula 1 aspirations were dealt a major blow after their negotiations with Red Bull seem to have hit a permanent roadblock. The two parties failed to reach an agreement as their ideas regarding the extent of their partnership failed to match. The luxury car manufacturer offered fans some insight into the situation with a statement, revealing that the decision to discontinue talks was arrived at mutually. They also confirmed that they were still vying for a spot on the grid and would continue to work towards the goal despite the unforeseen delay. ALSO READ: Premier League moves to postpone the upcoming match round to show respect to Her Majesty Queen Elizabeth II "In the course of the last few months, Dr. Ing. h.c. F. Porsche AG and Red Bull GmbH have held talks on the possibility of Porsche's entry into Formula 1," the statement reads. "The two companies have now jointly come to the conclusion that these talks will no longer be continued. "The premise was always that a partnership would be based on an equal footing, which would include not only an engine partnership but also the team. This could not be achieved. With the finalised rule changes, the racing series nevertheless remains an attractive environment for Porsche, which will continue to be monitored." While both parties have done a relatively good job at keeping the details regarding their deal under wraps, certain reports suggest that the German brand were looking to acquire a 50% stake in Red Bull's team in addition to becoming their primary engine supplier. ALSO READ: US Open men’s singles SF live streaming: When and where to watch Frances Tiafoe vs Carlos Alcaraz tie? This update came as a surprise as their fellow German automobile giants Audi revealed that they had finalised a deal to foray into the realm of Formula 1 as engine suppliers from the 2026 season. It is interesting to note that Porsche, unlike Audi, have experience in working with Formula 1. They had a team on the grid between 1957-62. However, their stint in the premiere racing format in the world was hardly something to write home about as they only managed to win once owing to Dan Gurney's efforts in the 1962 French Grand Prix.

Porsche's future in F1 uncertain as partnership talks with Red Bull crash and burn

German auto major Volkswagen has announced its intention to float for an initial public offering of its super sports car brand Porsche. The IPO could be the largest in German history and the biggest in Europe since 1999.

Volkswagen triggers landmark Porsche IPO plan

Volkswagen's sportscar brand Porsche expects to produce as many units of its Macan model in the electric version as the original with combustion engine.

Porsche expects to make as many electric Macans as combustion versions

Volkswagen`s premium brands Audi and Porsche will join Formula One after convincing the German automaking group that the move will bring in more money than it will cost, VW Chief Executive Herbert Diess said on Monday. 
Discussions by the board of directors about the two brands` plans had created some divisions, said Diess at an event in Wolfsburg, where the German carmaker is headquartered.

But ultimately the brands, which next to VW`s China business are the group`s most important income suppliers, made the case that they would pull in more money for Wolfsburg with a Formula One commitment than without one, according to Diess.

"You just run out of arguments," he said.

There has been speculation for several months that the two brands were negotiating partnerships to enter the highest class of international motor racing, which for much of the last decade has been dominated by Volkswagen`s German rival Mercedes.

Diess said on Monday that Porsche`s preparations for entering Fomula One were a little more concrete than Audi`s.

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Audi is ready to offer around 500 million euros ($556.3 million) for British luxury sports carmaker McLaren as a means to enter, a source told Reuters in March, while Porsche intends to establish a long-term partnership with racing team Red Bull starting in several years` time.

In addition to the brands` economic argument, Formula One`s high advertising impact was apparently also convincing. Diess said that as a result Porsche will reduce other racing activities and concentrate more on that circuit.

The decision comes as Volkswagen prepares for a possible listing of Porsche AG in the fourth quarter of this year, though sources have said the entry into Formula One racing would only be likely to happen in a few years` time.

Volkswagen`s premium brands Audi and Porsche will join Formula One after convincing the German automaking group that the move will bring in more money than it will cost, VW Chief Executive Herbert Diess said on Monday.

Volkswagen`s premium brands Audi and Porsche will join Formula One after convincing the German automaking group that the move will bring in more money than it will cost, VW Chief Executive Herbert Diess said on Monday. Discussions by the board of directors about the two brands` plans had created some divisions, said Diess at an event in Wolfsburg, where the German carmaker is headquartered. But ultimately the brands, which next to VW`s China business are the group`s most important income suppliers, made the case that they would pull in more money for Wolfsburg with a Formula One commitment than without one, according to Diess. "You just run out of arguments," he said. There has been speculation for several months that the two brands were negotiating partnerships to enter the highest class of international motor racing, which for much of the last decade has been dominated by Volkswagen`s German rival Mercedes. Diess said on Monday that Porsche`s preparations for entering Fomula One were a little more concrete than Audi`s. Also Read: World No. 1 Novak Djokovic hopeful of things progressing in 'right direction' at Madrid Open 2022 Audi is ready to offer around 500 million euros ($556.3 million) for British luxury sports carmaker McLaren as a means to enter, a source told Reuters in March, while Porsche intends to establish a long-term partnership with racing team Red Bull starting in several years` time. In addition to the brands` economic argument, Formula One`s high advertising impact was apparently also convincing. Diess said that as a result Porsche will reduce other racing activities and concentrate more on that circuit. The decision comes as Volkswagen prepares for a possible listing of Porsche AG in the fourth quarter of this year, though sources have said the entry into Formula One racing would only be likely to happen in a few years` time.

Audi, Porsche to join Formula One, says Volkswagen CEO; aim to rival Mercedes

A Portuguese navy official has said that salvage crews are set to board a blazing ship&nbsp;carrying luxury cars.

The Felicity Ace, carrying around 4,000 vehicles including Porsches, Audis and Bentleys, some with lithium-ion batteries, caught fire on Wednesday last week.

Two ocean-going tugboats with firefighting equipment have hosed down the ship’s hull to cool it, according to the port of Horta harbormaster, Capt. Joao Mendes Cabecas, on the Azores island of Faial.

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-4000-luxury-cars-worth-401-million-destroyed-in-cargo-mishap-455789/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The cause of the fire is not known, Mendes Cabecas said, though suspicion has fallen on lithium batteries in electric vehicles the Felicity Ace was taking from Germany to the United States.

“We know from what the captain told us that there were a lot of electric vehicles on board, as well as non-electric vehicles,” he said.

The fire broke out on a cargo deck where the vehicles were stowed, according to Mendes Cabecas, but when the alarm went off there was already too much smoke to make out where the blaze had started.

<a href="https://www.wionews.com/world/a-burning-cargo-ship-consisting-luxury-cars-is-adrift-in-mid-atlantic-454221">Also read |&nbsp;A burning cargo ship, consisting luxury cars, is adrift in mid-Atlantic</a>

Mendes Cabecas said there was currently no threat of pollution. Hoses are not being aimed inside the vessel, to avoid runoff from lithium batteries going into the sea.

Ship manager Mitsui OSK&nbsp;Lines Ltd (MOL) said in a statement the vessel was still on fire but stable, and that no oil leak had been reported so far. It also said the ship was drifting further from the Azores islands in the Atlantic ocean.

"Together with the all relevant parties, MOL is making every effort to contain the damage and resolve the situation as soon as possible," MOL said.

"When conditions are safe the salvage team will board the Felicity Ace for an initial assessment," MOL added.

The ship is carrying 2,000 metric tons (2,200 tons) of fuel and 2,000 metric tons (2,200 tons) of oil.

The weather in the area, 190 nautical miles (350 kilometers/220 miles) south of the Azores, is fair, with a swell of less than 2 metres (6.5 feet).

(With inputs from agencies)

A Portuguese navy official has said that salvage crews are set to board a blazing ship carrying luxury cars. The Felicity Ace, carrying around 4,000 vehicles including Porsches, Audis and Bentleys, some with lithium-ion batteries, caught fire on Wednesday last week.

A Portuguese navy official has said that salvage crews are set to board a blazing ship carrying luxury cars. The Felicity Ace, carrying around 4,000 vehicles including Porsches, Audis and Bentleys, some with lithium-ion batteries, caught fire on Wednesday last week. Two ocean-going tugboats with firefighting equipment have hosed down the ship’s hull to cool it, according to the port of Horta harbormaster, Capt. Joao Mendes Cabecas, on the Azores island of Faial. The cause of the fire is not known, Mendes Cabecas said, though suspicion has fallen on lithium batteries in electric vehicles the Felicity Ace was taking from Germany to the United States. “We know from what the captain told us that there were a lot of electric vehicles on board, as well as non-electric vehicles,” he said. The fire broke out on a cargo deck where the vehicles were stowed, according to Mendes Cabecas, but when the alarm went off there was already too much smoke to make out where the blaze had started. Also read | A burning cargo ship, consisting luxury cars, is adrift in mid-Atlantic Mendes Cabecas said there was currently no threat of pollution. Hoses are not being aimed inside the vessel, to avoid runoff from lithium batteries going into the sea. Ship manager Mitsui OSK Lines Ltd (MOL) said in a statement the vessel was still on fire but stable, and that no oil leak had been reported so far. It also said the ship was drifting further from the Azores islands in the Atlantic ocean. "Together with the all relevant parties, MOL is making every effort to contain the damage and resolve the situation as soon as possible," MOL said. "When conditions are safe the salvage team will board the Felicity Ace for an initial assessment," MOL added. The ship is carrying 2,000 metric tons (2,200 tons) of fuel and 2,000 metric tons (2,200 tons) of oil. The weather in the area, 190 nautical miles (350 kilometers/220 miles) south of the Azores, is fair, with a swell of less than 2 metres (6.5 feet). (With inputs from agencies)

Salvage crews set to board blazing ship carrying luxury cars in Atlantic Ocean

Heavy&nbsp;tug&nbsp;boats&nbsp;on Tuesday&nbsp;sprayed&nbsp;water&nbsp;on a burning&nbsp;ship&nbsp;carrying&nbsp;thousands of&nbsp;Porsches&nbsp;and&nbsp;Bentleys&nbsp;adrift off the coast of Portugal's&nbsp;Azores islands, the&nbsp;ship's manager said in a statement.

The Felicity Ace,&nbsp;carrying&nbsp;around 4,000 vehicles including&nbsp;Porsches, Audis&nbsp;and&nbsp;Bentleys, some with lithium-ion batteries, caught fire on Wednesday last week.

The 22 crew members on board were evacuated the same day.

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Ship&nbsp;manager Mitsui O.S.K. Lines Ltd (MOL) said in a statement the vessel was still on fire but stable,&nbsp;and&nbsp;that no oil leak had been reported so far. It also said the&nbsp;ship&nbsp;was drifting further from the&nbsp;Azores islands in the Atlantic ocean.

Two large&nbsp;tug&nbsp;boats&nbsp;equipped with firefighting gear arrived from Gibraltar on Monday,&nbsp;and&nbsp;were working with another patrol boat to&nbsp;spray&nbsp;water&nbsp;at the Felicity Ace&nbsp;and&nbsp;cool it down, MOL said.

The arrival of two other&nbsp;tug&nbsp;boats&nbsp;with more firefighting equipment is scheduled for Feb. 23&nbsp;and&nbsp;Feb. 26.

"Together with the all relevant parties, MOL is making every effort to contain the damage&nbsp;and&nbsp;resolve the situation as soon as possible," MOL said.

Also read |&nbsp;<a href="https://www.wionews.com/world/in-snap-polls-portugals-pm-costa-makes-stunning-victory-bags-majority-449094">In snap polls, Portugal's PM Costa makes stunning victory, bags majority&nbsp;</a>

João Mendes Cabeças, the captain of the&nbsp;nearest port on the&nbsp;Azorean island&nbsp;of Faial, said on Sunday the fire had lost its intensity, probably because there was little left to burn.

Cabeças said as the fire subsides&nbsp;and&nbsp;the structure cools down, firefighting teams&nbsp;and&nbsp;technicians might be able to board the vessel to prepare to tow it either to Europe or the Bahamas.

"When conditions are safe the salvage team will board the Felicity Ace for an initial assessment," MOL added.

Cabeças told Reuters over the weekend the lithium-ion batteries in the electric vehicles were "keeping the fire alive." It was not clear whether the batteries had caused the fire.

Watch |&nbsp;Gravitas: Canada's violent crackdown on protesters

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MOL did not immediately respond to a Reuters request for comment on the cause of the fire.

Volkswagen, which owns the car brands, said on Monday it did not have any further information to share.

Heavy tug boats on Tuesday sprayed water on a burning ship carrying thousands of Porsches and Bentleys adrift off the coast of Portugal's Azores islands, the ship's manager said in a statement.

Heavy tug boats on Tuesday sprayed water on a burning ship carrying thousands of Porsches and Bentleys adrift off the coast of Portugal's Azores islands, the ship's manager said in a statement. The Felicity Ace, carrying around 4,000 vehicles including Porsches, Audis and Bentleys, some with lithium-ion batteries, caught fire on Wednesday last week. The 22 crew members on board were evacuated the same day. Also read | Portugal PM Antonio Costa: Indian connection of 'Gandhi of Lisbon' who won polls again Ship manager Mitsui O.S.K. Lines Ltd (MOL) said in a statement the vessel was still on fire but stable, and that no oil leak had been reported so far. It also said the ship was drifting further from the Azores islands in the Atlantic ocean. Two large tug boats equipped with firefighting gear arrived from Gibraltar on Monday, and were working with another patrol boat to spray water at the Felicity Ace and cool it down, MOL said. The arrival of two other tug boats with more firefighting equipment is scheduled for Feb. 23 and Feb. 26. "Together with the all relevant parties, MOL is making every effort to contain the damage and resolve the situation as soon as possible," MOL said. Also read | In snap polls, Portugal's PM Costa makes stunning victory, bags majority João Mendes Cabeças, the captain of the nearest port on the Azorean island of Faial, said on Sunday the fire had lost its intensity, probably because there was little left to burn. Cabeças said as the fire subsides and the structure cools down, firefighting teams and technicians might be able to board the vessel to prepare to tow it either to Europe or the Bahamas. "When conditions are safe the salvage team will board the Felicity Ace for an initial assessment," MOL added. Cabeças told Reuters over the weekend the lithium-ion batteries in the electric vehicles were "keeping the fire alive." It was not clear whether the batteries had caused the fire. Watch | Gravitas: Canada's violent crackdown on protesters MOL did not immediately respond to a Reuters request for comment on the cause of the fire. Volkswagen, which owns the car brands, said on Monday it did not have any further information to share.

Tug boats spray water on blazing ship carrying Porsches and Bentleys near Azores

Luxury carmaker Porsche expects another record year for sales despite the global semiconductor chip shortage, its management said that it s confident about 2022 sales.

Porsche expects another record year for sales despite chip shortage

The lawsuit marks the latest chapter in the "dieselgate" saga since Volkswagen admitted in September 2015 to using illegal software to rig diesel engine emissions tests.

Porsche faces US lawsuit over dieselgate scandal

The European Union has handed down more than $1 billion in fines to four major German car manufacturers, saying they colluded to limit the development and rollout of car emission control systems.

World Business Watch: EU fines 4 German carmakers over emission collusion

Porsche said it will invest a high double-digit million euro sum in the joint venture in which it will hold 80%.

Porsche to set up joint venture with German battery maker

Rimac Automobili owner Mate Rimac told that Volkswagen unit Porsche is participating in a financing round, that will see the electric supercar maker raise $157 million-$181 million.

World Business Watch: Report says Porsche to participate in Rimac fund raising

Former Audi boss Rupert Stadler on Wednesday becomes the first to stand trial in Germany over the "dieselgate" emissions scandal, five years after parent company VW admitted responsibility.

Stadler, 57, faces charges of "fraud, falsifying certifications and false advertising" according to an indictment to be read out before the Munich district court.

He is in the dock alongside former Audi and Porsche manager Wolfgang Hatz and two Audi engineers.

Not a single senior executive has been convicted in Germany so far in connection with the scandal that erupted in September 2015 when the Volkswagen group acknowledged it had installed cheating software in 11 million diesel engines.

The so-called defeat devices made the cars appear to pollute less in lab tests than they did on the road.

Media interest in the opening hearing is expected to be high, prompting court officials to move proceedings to a justice building in a Munich suburb.

<a href="https://www.wionews.com/world/volkswagen-ceo-apologised-to-supervisory-board-for-inappropriate-remarks-304617">Also read:&nbsp;Volkswagen CEO apologised to supervisory board for 'inappropriate' remarks</a>

Because of coronavirus restrictions however, seating inside the hearing room will be limited, a court spokesman told AFP.

'No wrongdoing'

Stadler had been Audi's chief executive for 11 years when he was arrested in June 2018.

He spent four months in pretrial detention owing to concerns he could try to influence witnesses.

A career Audi man, he joined the luxury car maker in 1990 and was named CEO in 2007.

Prosecutors say Stadler knew about the emissions scam by the end of September 2015 "at the latest" but nevertheless allowed thousands more vehicles fitted with defeat devices to be sold.

His three fellow defendants stand accused of having developed diesel engines equipped with the manipulating software, which were installed in cars sold as far back as 2009.

The charges against the men cover a total of 434,420 Volkswagen, Audi and Porsche vehicles sold in Europe and the United States.

Stadler has consistently denied the accusations.

Co-accused Hatz, whose past roles at the VW group include research and development chief at its Porsche unit, also rejects any wrongdoing.

His lawyer said Hatz would respond to the charges "in detail".

The large, complex trial is expected to run until the end of December 2022.

The indictment alone, to be read out loud on Wednesday, is more than 90 pages long.

The defendants face up to 10 years in prison if convicted.

'Dieselgate' bill

Stadler is not the only top executive bracing for his day in court.

A regional tribunal in Brunswick, near VW's Wolfsburg headquarters, ruled earlier this month that Martin Winterkorn, former chief executive of the VW group, must stand trial on charges of fraud and stock market manipulation.

The group's current CEO Herbert Diess and supervisory board chair Hans Dieter Poetsch had faced similar accusations of failing to inform shareholders in a timely manner of the pollution scam.

But those proceedings were dropped after VW agreed to a settlement that cost it nine million euros ($10.5 million).

Five years after the crisis erupted, the German car giant is still one of the world's biggest automakers, but it remains engulfed in costly legal woes.

The group has already paid out more than 30 billion euros in fines, legal costs and compensation to car owners -- mainly in the United States.

In April, VW settled Germany's biggest lawsuit in an out-of-court settlement in which it agreed to pay around 750 million euros to 235,000 customers, or between 1,350 and 6,250 euros per car.

And the final "dieselgate" bill is far from settled after a top German court in May ordered VW to buy back a rigged diesel from its owner, setting the stage for similar transactions with thousands of other claimants.

Former Audi boss Rupert Stadler on Wednesday becomes the first to stand trial in Germany over the "dieselgate" emissions scandal, five years after parent company VW admitted responsibility.

Former Audi boss Rupert Stadler on Wednesday becomes the first to stand trial in Germany over the "dieselgate" emissions scandal, five years after parent company VW admitted responsibility. Stadler, 57, faces charges of "fraud, falsifying certifications and false advertising" according to an indictment to be read out before the Munich district court. He is in the dock alongside former Audi and Porsche manager Wolfgang Hatz and two Audi engineers. Not a single senior executive has been convicted in Germany so far in connection with the scandal that erupted in September 2015 when the Volkswagen group acknowledged it had installed cheating software in 11 million diesel engines. The so-called defeat devices made the cars appear to pollute less in lab tests than they did on the road. Media interest in the opening hearing is expected to be high, prompting court officials to move proceedings to a justice building in a Munich suburb. Also read: Volkswagen CEO apologised to supervisory board for 'inappropriate' remarks Because of coronavirus restrictions however, seating inside the hearing room will be limited, a court spokesman told AFP. 'No wrongdoing' Stadler had been Audi's chief executive for 11 years when he was arrested in June 2018. He spent four months in pretrial detention owing to concerns he could try to influence witnesses. A career Audi man, he joined the luxury car maker in 1990 and was named CEO in 2007. Prosecutors say Stadler knew about the emissions scam by the end of September 2015 "at the latest" but nevertheless allowed thousands more vehicles fitted with defeat devices to be sold. His three fellow defendants stand accused of having developed diesel engines equipped with the manipulating software, which were installed in cars sold as far back as 2009. The charges against the men cover a total of 434,420 Volkswagen, Audi and Porsche vehicles sold in Europe and the United States. Stadler has consistently denied the accusations. Co-accused Hatz, whose past roles at the VW group include research and development chief at its Porsche unit, also rejects any wrongdoing. His lawyer said Hatz would respond to the charges "in detail". The large, complex trial is expected to run until the end of December 2022. The indictment alone, to be read out loud on Wednesday, is more than 90 pages long. The defendants face up to 10 years in prison if convicted. 'Dieselgate' bill Stadler is not the only top executive bracing for his day in court. A regional tribunal in Brunswick, near VW's Wolfsburg headquarters, ruled earlier this month that Martin Winterkorn, former chief executive of the VW group, must stand trial on charges of fraud and stock market manipulation. The group's current CEO Herbert Diess and supervisory board chair Hans Dieter Poetsch had faced similar accusations of failing to inform shareholders in a timely manner of the pollution scam. But those proceedings were dropped after VW agreed to a settlement that cost it nine million euros ($10.5 million). Five years after the crisis erupted, the German car giant is still one of the world's biggest automakers, but it remains engulfed in costly legal woes. The group has already paid out more than 30 billion euros in fines, legal costs and compensation to car owners -- mainly in the United States. In April, VW settled Germany's biggest lawsuit in an out-of-court settlement in which it agreed to pay around 750 million euros to 235,000 customers, or between 1,350 and 6,250 euros per car. And the final "dieselgate" bill is far from settled after a top German court in May ordered VW to buy back a rigged diesel from its owner, setting the stage for similar transactions with thousands of other claimants.

Ex-Audi boss to stand trial for 'dieselgate'

More than half the cars produced by Porsche will be electric by 2025, the German manufacturer's North American chief said Tuesday as he set out plans to overtake <a href="https://www.wionews.com/business-economy/teslas-musk-greenlights-einhorn-taunt-each-other-on-twitter-261007">market leader Tesla</a>.

"The future is electric," Klaus Zellmer told the Los Angeles Auto Show, adding that the brand's commitment to battery-powered vehicles is "huge."

"By 2025 Porsche will have crossed a tipping point, actually building more than 50 per cent of its annual volume ... with either plug-in hybrid technology or fully battery," he said.

However, he added, the "combustion engine of course is not dead," pointing to Porsche's popular 911 sports cars.

Porsche, a subsidiary of the Volkswagen group, unveiled its new battery-powered Taycan at Frankfurt's International Auto Show in September.&nbsp;

The brand's first 100 per cent electric sports car, the Taycan is capable of going from 0 to 60 miles per hour in less than three seconds.

The luxury model is intended to rival Tesla, the California firm that dominates the global electric car market.

Tesla has an especially firm grip on the United States, which is Porsche's second-largest market. The German brand sold 57,000 cars in the US last year.

From 2021 Porsche intends to sell a fully electric version of its SUV, the Macan, which would compete directly against Tesla's Y model.

"The electric Macan will compete in many different segments,&nbsp;it's going to draw&nbsp;many people from different segments" just as Tesla did when it entered the market, Zellmer said.

"It's not a transition that is going to turn the world upside down within five years, it's probably 10 years" away, the North American CEO added.

<a href="https://www.wionews.com/business-economy/tesla-surges-twitter-slumps-amid-united-states-earnings-deluge-258002">Porsche is facing growing competition</a> in China, its biggest single market, from Tesla.

Tesla last month said its new so-called Gigafactory in Shanghai had started production on a trial basis.

Zellmer said the growth of electric cars in China was being impeded by the lack of access to charging facilities in mega-cities where tens of millions live and work in high rise buildings.

"Charging your car for the night is a challenge. Ninety per cent of charging according to our market research actually happens at home or at work," he said.

More than half the cars produced by Porsche will be electric by 2025, the German manufacturer's North American chief said Tuesday as he set out plans to overtake market leader Tesla.

More than half the cars produced by Porsche will be electric by 2025, the German manufacturer's North American chief said Tuesday as he set out plans to overtake market leader Tesla. "The future is electric," Klaus Zellmer told the Los Angeles Auto Show, adding that the brand's commitment to battery-powered vehicles is "huge." "By 2025 Porsche will have crossed a tipping point, actually building more than 50 per cent of its annual volume ... with either plug-in hybrid technology or fully battery," he said. However, he added, the "combustion engine of course is not dead," pointing to Porsche's popular 911 sports cars. Porsche, a subsidiary of the Volkswagen group, unveiled its new battery-powered Taycan at Frankfurt's International Auto Show in September. The brand's first 100 per cent electric sports car, the Taycan is capable of going from 0 to 60 miles per hour in less than three seconds. The luxury model is intended to rival Tesla, the California firm that dominates the global electric car market. Tesla has an especially firm grip on the United States, which is Porsche's second-largest market. The German brand sold 57,000 cars in the US last year. From 2021 Porsche intends to sell a fully electric version of its SUV, the Macan, which would compete directly against Tesla's Y model. "The electric Macan will compete in many different segments, it's going to draw many people from different segments" just as Tesla did when it entered the market, Zellmer said. "It's not a transition that is going to turn the world upside down within five years, it's probably 10 years" away, the North American CEO added. Porsche is facing growing competition in China, its biggest single market, from Tesla. Tesla last month said its new so-called Gigafactory in Shanghai had started production on a trial basis. Zellmer said the growth of electric cars in China was being impeded by the lack of access to charging facilities in mega-cities where tens of millions live and work in high rise buildings. "Charging your car for the night is a challenge. Ninety per cent of charging according to our market research actually happens at home or at work," he said.

'Future is electric': Porsche sets out plans to battle Tesla in US

Mercedes-Benz and Porsche are showcasing curvaceous, high-end electric sports cars at the Frankfurt auto show as part of an industry effort to counter Tesla, avert billions in European pollution fines and defuse complaints from climate activists.

Frankfurt Motor Show 2019: Major automakers show EV cars and technologies | WION Wallet

<a href="https://www.wionews.com/sports/south-koreas-lee-duck-hee-becomes-first-deaf-player-to-win-an-atp-main-draw-match-244303">South Korea</a> said Tuesday it would issue fines and file criminal complaints against Volkswagen and its luxury arm, Porsche, for installing "illicit devices" that helped multiple diesel vehicles cheat <a href="https://www.wionews.com/photos/pork-for-pollution-south-koreans-fight-smog-with-grease-204515">pollution</a> standards.

The environment ministry said over 10,000 vehicles sold in South Korea by Volkswagen and Porsche from May 2015 to January 2018 were fitted with the devices, resulting in 10 times more nitrogen oxide emissions than standard levels.

The certifications for eight models -&nbsp;including Audi A6, Volkswagen Touareg and Porsche Cayenne -&nbsp;will be revoked and the carmakers will face an estimated fine of US$9.5 million, the ministry said.

"We plan to continue responding firmly to manipulation of gas emissions in future," a ministry official told reporters.

Audi, which is also owned by Volkswagen, said in a statement that it "takes note of the announcement... and will take the necessary measures to minimise inconvenience to the customers" once the South Korean environment ministry has approved the recall plan for the models concerned.

The announcement in Korea comes just weeks after former Audi chief executive Rupert Stadler was charged in Germany with fraud and illegal advertising amid Volkwagen's deepening emissions scandal that broke out four years ago.

The charges against Stadler are linked to over 434,000 Volkswagen, Audi and Porsche's cars fitted with "defeat devices" to fool regulators' emissions tests.

Such software, applied to diesel-fuelled cars, allows the vehicles to detect when they are being tested in a lab and squeeze output of harmful gases like nitrogen oxides far below actual levels released on the road.

A study released in March 2017 said that pollution from 2.6 million rigged Volkswagen cars sold in Germany would likely cause 1,200 premature deaths in Europe because of the excess emissions.

In Germany, more than 410,000 customers are demanding compensation, as are investors.

South Korea said Tuesday it would issue fines and file criminal complaints against Volkswagen and its luxury arm, Porsche, for installing "illicit devices" that helped multiple diesel vehicles cheat pollution standards.

South Korea said Tuesday it would issue fines and file criminal complaints against Volkswagen and its luxury arm, Porsche, for installing "illicit devices" that helped multiple diesel vehicles cheat pollution standards. The environment ministry said over 10,000 vehicles sold in South Korea by Volkswagen and Porsche from May 2015 to January 2018 were fitted with the devices, resulting in 10 times more nitrogen oxide emissions than standard levels. The certifications for eight models - including Audi A6, Volkswagen Touareg and Porsche Cayenne - will be revoked and the carmakers will face an estimated fine of US$9.5 million, the ministry said. "We plan to continue responding firmly to manipulation of gas emissions in future," a ministry official told reporters. Audi, which is also owned by Volkswagen, said in a statement that it "takes note of the announcement... and will take the necessary measures to minimise inconvenience to the customers" once the South Korean environment ministry has approved the recall plan for the models concerned. The announcement in Korea comes just weeks after former Audi chief executive Rupert Stadler was charged in Germany with fraud and illegal advertising amid Volkwagen's deepening emissions scandal that broke out four years ago. The charges against Stadler are linked to over 434,000 Volkswagen, Audi and Porsche's cars fitted with "defeat devices" to fool regulators' emissions tests. Such software, applied to diesel-fuelled cars, allows the vehicles to detect when they are being tested in a lab and squeeze output of harmful gases like nitrogen oxides far below actual levels released on the road. A study released in March 2017 said that pollution from 2.6 million rigged Volkswagen cars sold in Germany would likely cause 1,200 premature deaths in Europe because of the excess emissions. In Germany, more than 410,000 customers are demanding compensation, as are investors.

South Korea to fine Volkswagen, Porsche over 'illicit' emissions devices

Italian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche`s annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.

Elkann also reiterated that Fiat Chrysler Automobiles NV, of which he is chairman, remains open to opportunities to combine with other automakers, but is positioned to remain independent.&nbsp;

Fiat Chrysler in May proposed a merger with French automaker Renault SA, but the deal fell apart after the French government intervened and Elkann withdrew the proposed merger.&nbsp;

Fiat Chrysler Chief Executive Mike Manley sent the same message to Renault and other would-be partners earlier this month.

Elkann visited Pebble Beach during the annual Concours d`Elegance, during which wealthy collectors bring some of the world's rarest vintage automobiles to be admired and sold and premium manufacturers showcase exotic new models.

Ferrari is best known for flashy, high-performance sports cars.

Among fans of vintage<a href="https://www.wionews.com/sports/sebastian-vettel-still-has-what-it-takes-at-ferrari-says-mark-webber-230801"> Ferraris</a>, more understated GT, or grand touring, cars from the 1960s, some with seating for four people, are among the most popular models on auction blocks and at enthusiast events.

&nbsp;GT cars were designed to be comfortable on long road trips.&nbsp;

Elkann hinted Ferrari will unveil a new GT type car in November. Ferrari has said previously that about 40 per cent of its total sales could come from GT cars by 2022, up from 32 per cent now.&nbsp;

Ferrari has outlined plans to expand revenue to 5 billion euros ($5.54 billion) by 2022 from 3.4 billion euros in 2017.

The company has said it plans to add a model called the Purosangue to compete with a growing stable of sport utility vehicles wearing premium sports car brands, such as the Lamborghini Urus.

Rival Porsche AG, a unit of Volkswagen AG, has expanded its sales to more than 250,000 sports cars and sport utility vehicles annually. 
&nbsp; 
Elkann said Ferrari is not aiming for Porsche`s level of sales.&nbsp;

Italian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche`s annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.

Italian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche`s annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast. Elkann also reiterated that Fiat Chrysler Automobiles NV, of which he is chairman, remains open to opportunities to combine with other automakers, but is positioned to remain independent. Fiat Chrysler in May proposed a merger with French automaker Renault SA, but the deal fell apart after the French government intervened and Elkann withdrew the proposed merger. Fiat Chrysler Chief Executive Mike Manley sent the same message to Renault and other would-be partners earlier this month. Elkann visited Pebble Beach during the annual Concours d`Elegance, during which wealthy collectors bring some of the world's rarest vintage automobiles to be admired and sold and premium manufacturers showcase exotic new models. Ferrari is best known for flashy, high-performance sports cars. Among fans of vintage Ferraris, more understated GT, or grand touring, cars from the 1960s, some with seating for four people, are among the most popular models on auction blocks and at enthusiast events. GT cars were designed to be comfortable on long road trips. Elkann hinted Ferrari will unveil a new GT type car in November. Ferrari has said previously that about 40 per cent of its total sales could come from GT cars by 2022, up from 32 per cent now. Ferrari has outlined plans to expand revenue to 5 billion euros ($5.54 billion) by 2022 from 3.4 billion euros in 2017. The company has said it plans to add a model called the Purosangue to compete with a growing stable of sport utility vehicles wearing premium sports car brands, such as the Lamborghini Urus. Rival Porsche AG, a unit of Volkswagen AG, has expanded its sales to more than 250,000 sports cars and sport utility vehicles annually. Elkann said Ferrari is not aiming for Porsche`s level of sales.

Ferrari will expand its lineup of road cars, but not too much

Prosecutors have filed charges against former <a href="https://www.wionews.com/world/audi-ceo-arrested-volkswagen-145204">Audi Chief Executive Rupert Stadler</a>, who is being investigated for his role in Volkswagen`s emissions cheating scandal, the public prosecutor`s office in Munich said on Wednesday.

Stadler and three other defendants are being charged with false certification and criminal advertising practices, it said, adding that three defendants are accused of having developed engines used in Audi-, Volkswagen and Porsche-branded cars that used emissions-cheating devices.

"Defendant Stadler is accused of having been aware of the manipulations since the end of September 2015, at the latest, but he did not prevent the sale of affected Audi and VW vehicles thereafter," the prosecutor said in a statement. 
&nbsp;

Prosecutors have filed charges against former Audi Chief Executive Rupert Stadler, who is being investigated for his role in Volkswagen`s emissions cheating scandal, the public prosecutor`s office in Munich said on Wednesday.

Prosecutors have filed charges against former Audi Chief Executive Rupert Stadler, who is being investigated for his role in Volkswagen`s emissions cheating scandal, the public prosecutor`s office in Munich said on Wednesday. Stadler and three other defendants are being charged with false certification and criminal advertising practices, it said, adding that three defendants are accused of having developed engines used in Audi-, Volkswagen and Porsche-branded cars that used emissions-cheating devices. "Defendant Stadler is accused of having been aware of the manipulations since the end of September 2015, at the latest, but he did not prevent the sale of affected Audi and VW vehicles thereafter," the prosecutor said in a statement.

Prosecutors charge former Audi CEO Rupert Stadler over his role in emissions scandal

The iconic German car Volkswagen's Beetle will go out of production today after 82 years in existence after it was first designed by Austrian automotive giant ‎Ferdinand Porsche and presented to Nazi leader Adolf Hitler in 1937.

The first Volkswagen Beetle&nbsp;was produced in 1937 in Stuttgart which was inaugurated by the German leader amid great fanfare.

The car envisaged as a "family car" for four members, never went into mass production in Germany due to disruption caused due to&nbsp;World War-II but finally saw the light of day in the late 1940s when it began production in Germany's Wolfsburg area and later spread across the country and then worldwide.

In the 1950s sales of the "superbug" soared in the US with the car's mesmeric appeal towards the "rebellious generation" in the US. The VW symbol symbolising freshness and youth captured the imagination of European and American youth who were jaded by the Vietnam war in the 1960s.

However, production and sales began taking a hit after Japanese cars - Toyota, Nissan, Honda including Ford and Opel began giving the VW Beetle stiff competition but the "Beetles generation" in the 1960s spearheaded by English rock band - The Beatles - comprising of John Lennon, Paul McCartney, George Harrison and Ringo Starr made the brand a household name across the world.

In the 2000s facing stiff challenges, the car's production fell as demand began to collapse, even though it tried to sell in emerging markets in China and India however the magic had faded for the new generation powered by new cars and contemporary designs.

Beetle's Type 1 production was stopped in 2003 with new model failing&nbsp;to boost car&nbsp;numbers. The people living in Mexico's Cuautepec area&nbsp;which produced the modern version of the Beetle are now bracing for a shutdown after the car's long and fruitful run.

The iconic German car Volkswagen's Beetle will go out of production today after 82 years in existence after it was first designed by Austrian automotive giant ‎Ferdinand Porsche and presented to Nazi leader Adolf Hitler in 1937.

The iconic German car Volkswagen's Beetle will go out of production today after 82 years in existence after it was first designed by Austrian automotive giant ‎Ferdinand Porsche and presented to Nazi leader Adolf Hitler in 1937. The first Volkswagen Beetle was produced in 1937 in Stuttgart which was inaugurated by the German leader amid great fanfare. The car envisaged as a "family car" for four members, never went into mass production in Germany due to disruption caused due to World War-II but finally saw the light of day in the late 1940s when it began production in Germany's Wolfsburg area and later spread across the country and then worldwide. In the 1950s sales of the "superbug" soared in the US with the car's mesmeric appeal towards the "rebellious generation" in the US. The VW symbol symbolising freshness and youth captured the imagination of European and American youth who were jaded by the Vietnam war in the 1960s. However, production and sales began taking a hit after Japanese cars - Toyota, Nissan, Honda including Ford and Opel began giving the VW Beetle stiff competition but the "Beetles generation" in the 1960s spearheaded by English rock band - The Beatles - comprising of John Lennon, Paul McCartney, George Harrison and Ringo Starr made the brand a household name across the world. In the 2000s facing stiff challenges, the car's production fell as demand began to collapse, even though it tried to sell in emerging markets in China and India however the magic had faded for the new generation powered by new cars and contemporary designs. Beetle's Type 1 production was stopped in 2003 with new model failing to boost car numbers. The people living in Mexico's Cuautepec area which produced the modern version of the Beetle are now bracing for a shutdown after the car's long and fruitful run.

1937-1919: Iconic Volkswagen Beetle car set to cease production

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