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Porsche will double spending on greener vehicles as competition in the electrified-vehicle market grows.
Porsche says it may increase the annual production capacity of its Mission E model beyond 20,000 cars when it launches next year. The brand will also decide whether to electrify its Macan crossover.
Porsche and Audi will significantly reduce development costs for future electric vehicles with a joint platform, German newspapers quoted their CEOs as saying.
Porsche will double spending on greener vehicles to $7.4 billion as competition in the electrified-vehicle space grows.
Car factories across Germany were at a standstill on Friday as industrial workers staged a third day of 24-hour strikes, focusing on plants owned by Mercedes-Benz, Porsche, Audi and BMW.
Porsche will pursue a three-pronged strategy to tackle an industry shift toward electrification by offering plug-ins, EVs and traditional combustion-engine sports cars, CEO Oliver Blume said.
Porsche: Still a place for sports cars in EV era; Apple-car expansion; Ford mobility buys; Rise in vehicle ownership; Old Celica now an EV; Nissan and the self-parking slippers.
Even with the move to electrified and autonomous cars, dealerships will survive and thrive, say Audi's Scott Keogh and Porsche's Klaus Zellmer.
The Porsche Passport subscription plan being piloted in Atlanta is bringing new and younger customers to the Porsche brand at rates beyond expectation.
Porsche SE has been ordered by a German court to reveal what management at VW AG and automaker Porsche knew about the diesel scandal and whether any evidence was destroyed.
Porsche will develop a platform for electric sports cars and supercars that may also be used by Audi and Lamborghini. The architecture will be parent VW Group's third purpose-built platform for full-electric cars.
A roundup of brands, from Maserati to Volkswagen, that will unveil new product at the Detroit auto show.
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