Volkswagen announced on Sunday that it would be seeking a valuation of between 70 and 75 billion dollars for Porsche AG in its initial public offering, making this potentially the third largest IPO in European history. Some experts had hinted at an expectation of valuation around $85 billion, meaning this is actually going to be a bit shy of …
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Recent Posts from: volkswagen
Porsche and Piech families seek power in a calmer post-Diess Volkswagen
It should come as no surprise to people who have been following this saga for the last several years, but the Porsche and Piech families want to exert more control over their holdings of the Volkswagen group. Porsche SE owns most of the voting rights within the Volkswagen Group, and the Porsche and Piech families in turn own most of the voting …
Continue to the full articlePorsche is working on solid-state batteries for an all-electric 911: Report
By all accounts the future of electric vehicles has to be found in so-called solid-state batteries. According to a recent report from Germany's Manager Magazin Porsche is close to achieving an all-electric 911 powered by solid-state cells. While Porsche brass has repeatedly denied the 911 would go electric any time soon, this report indicates the …
Continue to the full articleVolkswagen’s Porsche IPO is moving forward full steam
Last week Volkswagen AG announced that it will be conducting a feasibility assessment on offering Dr. Ing. h.c. F. Porsche AG on an initial basis for purchase to the public. The management board and supervisory board of Volkswagen believe that a Porsche IPO could be key to the growth of the company into a leader in electric mobility. …
Continue to the full articleHere’s The Story Of How The German Government Prevented Porsche From Buying Volkswagen
Back in in the mid-2000s Porsche was riding high on several years of massive profits. Since the 1997 introduction of the Porsche Boxster, the company had been cleaning house. The 986/996 sports cars were Porsche's most successful cost-cutting measures all time, and they sold like hot cakes. Then came massive successes with expansion of the model …
Continue to the full articlePorsche Is Working A Deal To Trade Bugatti For Part Of Electric Hypercar Maker Rimac
Croatian electric phenom Rimac Automobili has only been on the scene for a decade, but it's already making a splash. With electric performance quite obviously marked as the future of Porsche, the German automaker already owns a 15.5% stake in Rimac. The deal includes Porsche providing Rimac with manufacturing and engineering skills when needed, …
Continue to the full articleFive RUF Models You Probably Haven’t Heard Of
Known for blending outrageously powerful motors with understated exteriors, RUF Automobile GmbH has made quite a name for itself. But beyond the tire-smoking Yellowbirds, there are a few vehicles which, while possibly not headline material in themselves, help constitute an interesting, varied stable from a company capable of producing more than …
Continue to the full articleHere Is What a Lap of the Nurburgring Looks Like in a Porsche-Powered VW Van!
While its dimensions and weight might dissuade from turning their VW T1 Bus into a track toy, some love the shock value and the surprising potential the aging van holds. In this particular case, swapping a 1989 G50 gearbox and a Porsche flat-six in the rear of the Leichtbau van, then dousing it in a very thin (because thick paint is heavy) coat of …
Continue to the full articleWhen Will Electric Cars Overtake Porsche’s ‘Ring Record?
First off, congratulations to Volkswagen. Porsche's corporate bedfellow's achievement is nothing short of remarkable. The all electric ID.R is an astonishing technical achievement, and lopped more than forty seconds off the existing lap record for electric vehicles. With a 6 minute 05.336 lap, the electric Volkswagen even bested Stefan Bellof's …
Continue to the full articleCould Volkswagen Sell Their Interest In Porsche This Year?
According to a recent report in Forbes, auto company spin-offs are the next big thing in downsizing. Their source at investment researcher Jefferies, Philippe Houchois, claims that the auto industry is in for a shake up this year as large empire building exercises are now out of fashion and many conglomerates will be spinning off some of their more …
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