Korean brands secured the top three spots in J.D. Power's annual report card on new-vehicle quality for the first time in the study's 31-year history. New quality at the Detroit 3 continues to improve faster than the overall industry.
On June 8, the automaker marked its 70th birthday with celebrations around the United States, with Porsche Cars North America and its U.S. dealers hosting Sportscar Together Day events for owners and the public.
Being a latecomer to the electric vehicle market has its advantage. While upstart Tesla Inc. single-handedly built a global network of fast chargers to reassure its EV buyers, newcomer Mercedes-Benz could take a more capital-efficient approach — relying on the investments of others.
Wolfgang Porsche, chairman of the supervisory board of Porsche and head of the family that controls Volkswagen Group, touches on topics such as electrification, bureaucratic overregulation and his relationship -- or lack thereof -- with his famous cousin.
U.S. economic sanctions imposed on Russia will postpone former Magna International boss Siegfried Wolf from joining Porsche SE's supervisory board. Wolf cited risks related to his role as chairman of Russian van maker and contract manufacturer GAZ.
Porsche set one of the industry's most aggressive targets for selling plug-in hybrid and full-electric cars, predicting the vehicles will make up as many as half of its deliveries by 2025 in a sign the shift to electrified models is speeding up.
German police have arrested Porsche's powertrain development boss, Joerg Kerner, in connection with parent VW Group's diesel scandal, sources said. Porsche management board member Michael Steiner is also under investigation, a report said.