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Porsche buys stake in Croatian electric supercar startup

Porsche has bought a 10 percent stake in Rimac Automobili, a Croatian startup that specializes in superfast electric supercars.


Continental board plans powertrain IPO, report says

Continental's supervisory board is moving ahead with plans for an initial public offering of its powertrain unit and a new corporate structure by early July, a sign the supplier's biggest overhaul in decades is taking shape, according to people familiar with the matter.

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