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Porsche"s new Macan, 911 put a damper on profitability

Operating margin is set to come in between 15 percent to 17 percent this year, which is below the company’s mid-term goals......»»

Category: topSource:  autonewsMar 12th, 2024

Honor unveils its latest luxury smartphone with Porsche Design

Honor and Porsche Design have unveiled their latest collaboration in the form of the Porsche Design Honor Magic 6 RSR. The post Honor unveils its latest luxury smartphone with Porsche Design appeared first on Phandroid. Honor makes some pr.....»»

Category: asiaSource:  phandroidRelated News15 hr. 4 min. ago

Porsche study concludes aluminum could reduce Taycan weight, increase manufacturing simplicity

The study by Alumobility found switching the electric Taycan's top hat structure to all-aluminum could cut down on weight by about 40 percent......»»

Category: topSource:  autonewsRelated NewsMay 1st, 2024

Lithia: Driveway Finance has $2M loss in Q1, still on track for profitability in 2024

Lithia Q1 2024 earnings: Car dealer Lithia Motors Inc.'s developing captive finance company Driveway Finance Corp. lost $2 million during the first quarter, compared with a $21 million loss a year earlier......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

VW Group"s Q1 profit drops 20% on lower volumes, higher costs

The automaker's Porsche brand reported a 14.8 percent operating margin decline on higher model revamp investments and lower demand for premium cars in China......»»

Category: topSource:  autonewsRelated NewsApr 30th, 2024

Porsche dealership sales manager took bribes in exchange for high-demand vehicles, lawsuit alleges

The sales manager of a Porsche dealership in South Carolina commanded hundreds of thousands of dollars in "under-the-table" payments from customers hungry for high-demand vehicles......»»

Category: topSource:  autonewsRelated NewsApr 29th, 2024

Mercedes-Benz bails on next-generation CarPlay support, here’s why

Apple unveiled its next generation of CarPlay at WWDC in 2022, then announced last year that its first partners would be Porsche and Aston Martin. In an interview today, Mercedes-Benz CEO Ola Källenius made it clear that the company has no plans.....»»

Category: topSource:  informationweekRelated NewsApr 29th, 2024

The 2024 Porsche Macan EV has character, pace, and the right badge

The new electric Porsche Macan starts at $78,800, deliveries begin later this year. Enlarge / The third-generation Porsche Macan drops the internal combustion engine—this one is only available as a battery electric vehicle. (cr.....»»

Category: topSource:  arstechnicaRelated NewsApr 23rd, 2024

BMW, Rimac partner on high-voltage EV battery technology

Rimac, an electric hypercar maker owned 45 percent by Porsche, is expanding its reach as a supplier of battery systems and powertrain components......»»

Category: topSource:  autonewsRelated NewsApr 10th, 2024

Penske Automotive to buy Porsche dealerships in Australia

Penske Automotive Group Inc.'s planned acquisition of two Porsche stores near Melbourne, Australia, is expected to close in the second quarter......»»

Category: topSource:  autonewsRelated NewsApr 9th, 2024

Apple spotlights how businesses are adopting the Apple Vision Pro

Working to promote the Apple Vision Pro as a business tool instead of solely an entertainment one, Apple has highlighted half a dozen firms from Porsche to Microsoft, who have incorporated the headset into their work.Apple Vision ProWhile perhaps mos.....»»

Category: appleSource:  appleinsiderRelated NewsApr 9th, 2024

Prototype hints at electric Porsche Cayenne design

The electric Cayenne should begin production in Bratislava, Slovakia, in May 2025, according to AutoForecast Solutions......»»

Category: topSource:  autonewsRelated NewsApr 2nd, 2024

Porsche CEO: U.S. is the backbone of the brand"s sales momentum

Porsche told retailers it expects U.S. sales to improve marginally this year from a record in 2023......»»

Category: topSource:  autonewsRelated NewsMar 27th, 2024

Aston Martin, in midst of turnaround, hires Bentley"s Adrian Hallmark as CEO

Adrian Hallmark, a seasoned automotive executive, had become a recruitment target for Aston Martin after returning Bentley to consistent profitability.  .....»»

Category: topSource:  autonewsRelated NewsMar 22nd, 2024

The more, the better? Why market share often has little impact on profits

How are profitability, market share, and the digitalization of a company connected? To get to the bottom of this question, the researchers developed a new profitability model based on over 6,000 cases from around 800 US companies from the last 25 yea.....»»

Category: topSource:  physorgRelated NewsMar 21st, 2024

VW and Mobileye deepen their automated driving collaborations — for now

Volkswagen and Mobileye said Wednesday they're working together to bring driver-assist functionality that relies on Mobileye's technology into Audi, Bentley, Lamborghini and Porsche vehicles......»»

Category: topSource:  autonewsRelated NewsMar 20th, 2024

For now, Volkswagen and Mobileye deepen their automated driving collaborations

Volkswagen and Mobileye said Wednesday they're working together to bring driver-assist functionality that relies on Mobileye's technology into Audi, Bentley, Lamborghini and Porsche vehicles......»»

Category: topSource:  autonewsRelated NewsMar 20th, 2024

For now, Volkswagen and Mobileye deepen their automated-driving collaborations

Volkswagen and Mobileye said Wednesday they're working together to bring driver-assist functionality that relies on Mobileye's technology into Audi, Bentley, Lamborghini and Porsche vehicles......»»

Category: topSource:  autonewsRelated NewsMar 20th, 2024

Audi pads EV lineup in U.S. with Q6 E-tron

The midsize Q6 E-tron is the first Audi model on Volkswagen Group's Premium Platform Electric architecture, which is shared with Porsche......»»

Category: topSource:  autonewsRelated NewsMar 18th, 2024

The Honor Magic 6 RSR Edition comes with a Porsche-Inspired Look

The new device joins Honor's Magic lineup which includes the 6 Pro and newly-announced Magic 6 Ultimate. The post The Honor Magic 6 RSR Edition comes with a Porsche-Inspired Look appeared first on Phandroid. Smartphone design is usually a.....»»

Category: asiaSource:  phandroidRelated NewsMar 18th, 2024

VW ID Buzz output to remain in Germany

U.S. pricing on the ID Buzz has not been finalized but will be key for dealer and VW profitability......»»

Category: topSource:  autonewsRelated NewsMar 15th, 2024