Volkswagen Group is taking its Porsche subsidiary public via an initial public offering, and on Sunday confirmed the offer period will start Sept. 20 and run until an expected closing date eight days later. VW Group will price the shares at a range of 76.50 euros to 82.50 euros per share, which at the upper
A Tesla owner claims that control of their vehicle was handed over to a European driver after the company accidentally filled in the wrong VIN information on the continent. Reddit user Robert Quattlebaum, u/darconeous, claims in a story posted to r/teslamotors that shortly after taking delivery of a Model 3, his partner discovered that something weird
Uber Technologies Inc. said Monday a hacker affiliated with the Lapsus$ hacking group was responsible for a cyber attack that last week forced the ride-hailing company to temporarily shut several internal communications. Uber said the attacker had not accessed any user accounts or the databases that store sensitive user information such as credit card numbers,
A Ford Bronco vehicle on a demonstrative course during the Motor Bella Auto Show in Pontiac, Michigan, U.S. on Tuesday, Sept. 21, 2021. Emily Elconin | Bloomberg | Getty Images Here are the stocks making notable moves in extended trading: Ford — Shares fell about 3.8% post market Monday after the automaker told investors it
As more autonomous vehicles operate in pilot programs and limited commercial deployments in multiple states, questions linger over how they should interact with law enforcement. Some autonomous driving tech companies have encountered problems. In April, a robotaxi operated by General Motors-backed Cruise was pulled over by San Francisco Police Department officers for driving without its
BERLIN — Volkswagen Group is targeting a valuation of up to 75 billion euros ($75.1 billion) for luxury sportscar maker Porsche — below an earlier top-end goal of as much as 85 billion euros, with the deal going ahead at a time of deep market upheaval. VW Group will price preferred shares in the flotation
The supplier International Automotive Components Group used the Detroit auto show as a chance to highlight its products — not at a booth, but on a gown worn by one of its top executives. IAC Group said a team of its designers and seamstresses created the bespoke gown for Iwona Niec Villaire, its chief administrative
No less than 11 vehicles were damaged and destroyed by a fire in the parking lot of the Hard Rock Stadium in Miami Gardens, Florida after a tailgate party went horribly wrong. As fans got ready for the Dolphins v Patriots game, one attendee fired up a grill for a tailgate party but forgot to
Getty Images German car making giant Volkswagen (VW) has said it is aiming for a valuation of up to €75bn ($75bn; £65.8bn) for Porsche when the luxury brand is floated on the stock market. Trading in the shares is due to start in Frankfurt on 29 September. A prospectus will be published on Monday, after
DETROIT — Carlos Tavares saw frugality on display at the first Detroit auto show in more than three years, but he doesn’t view that as a negative. Automakers, the Stellantis CEO said, are doing what they can to get the best return on their investments. He thinks the savings from a toned-down atmosphere could result
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Volkswagen Group plans to list its Porsche luxury sports-car business on the stock market listing in late September or early October Here are key facts about the structure of the listing: Share capital Porsche’s share capital is being split in two: 455.5 million ordinary shares and the same number of preferred shares, totalling 911 million
More than 1,000 Ford Mustangs from every era were on hand for last week’s reveal of the seventh-generation pony car. Ford Motor Co. summoned Mustang owners from around the U.S. to Detroit to take part in the event. Some came from as far as Tacoma, Wash., with cars joining the procession along a nine-state, cross-country
The Porsche 911 Carrera RS 2.7 set the template for modern 911 track cars, so to celebrate its 50th anniversary this year, Porsche gathered World Rally champion Walter Röhrl, 24 Hours of Le Mans winner Timo Bernhard, and a selection of classic 911s to recount the history of the Carrera RS 2.7 and its successors.
Sep 10, 2022 Haas’ Kevin Magnussen and Mick Schumacher have joined the list of drivers with a grid penalty at the Italian Grand Prix, which now stands at nine. Magnussen and Schumacher will both drop 15 places from wherever they qualify after Haas made changes to the engine components in both cars. 1 Related Formula
Buried deep inside the owner’s manual of some cars is a line that reads “maintenance service and record retention are the owner’s responsibility.” And in the case of one 2015 Hyundai Genesis, the manufacturer really meant it. Rebecca Walker, the owner of the Genesis in question, found that out to her cost, when, in late
DETROIT —Of all the electric vehicles showcased at the Detroit auto show, only one can fully charge in 60 minutes, reach a speed of 155 mph and climb to a height of 12,000 feet. That distinction belongs to the Air One prototype, a two-seat electric vertical takeoff and landing aircraft brought to the Motor City
As electric cars continue to grow in popularity, purchase costs are beginning to become more on par with ICE vehicles – especially in Europe, where gas cars are becoming increasingly penalized. In some cases, electric cars are significantly cheaper than their ICE alternatives. A Porsche Taycan, for example, costs roughly half as much as a