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The Ultra-Wealthy Are Investing In a Unique Luxury: Custom-Built Cars
Yahoo Finance· 2025-09-10 19:15
The ultra-wealthy are elevating the exotic car experience to the next level. High-end, expensive vehicles have long been a symbol of wealth, but now it’s not just about status; it’s about owning a one-of-a-kind masterpiece, such as custom-built cars, also known as bespoke automobiles. Read More: I Asked a Mechanic How To Make My Car Last 300,000 Miles: Here’s What He Said Find Out: How Much Money Is Needed To Be Considered Middle Class in Your State? Instead of choosing from a mass-produced selection of c ...
Mercedes keeps 'value over volume' approach in tough Chinese market
Reuters· 2025-09-07 18:36
Core Viewpoint - Mercedes-Benz is maintaining its premium strategy in China despite a pricing war that has led to a loss of market share to cheaper domestic models [1][4]. Group 1: Market Strategy - CEO Ola Kaellenius emphasized that the new electric GLC SUV will be crucial for regaining lost market share in China, the world's largest auto market [2]. - The company is committed to its premium pricing strategy, indicating that existing GLC customers will find the new electric model familiar in terms of pricing [3]. - Mercedes-Benz experienced a 19% decline in vehicle sales in China, with sales dropping to 140,400 units in Q2 2025 [3]. Group 2: Tariff Impact - The company is awaiting a reduction of U.S. auto import tariffs from 27.5% to 15%, which is part of a broader trade agreement with the European Union [4]. - Kaellenius expressed hope that the U.S. administration would soon sign an executive order to lower the tariffs, although he did not specify the financial impact of the tariffs on the company's results [5].
X @Bloomberg
Bloomberg· 2025-09-07 13:16
Porsche is launching the most powerful 911 factory model to date, leaning on its combustion-engine clout to create a hybrid version of the Turbo S https://t.co/I2dHlYcDpq ...
Dedicated to choice: Porsche customers gain access to the Tesla Supercharger network
GlobeNewswire News Room· 2025-09-05 16:12
Core Points - Porsche is enhancing the electric vehicle ownership experience by providing access to the Tesla Supercharger network, allowing Porsche owners to utilize 23,500 charging stations in North America starting September 9, 2025 [1][2] Group 1: Adapter Program - Porsche customers will receive a NACS DC adapter to access Tesla Superchargers, with new Model Year 2026 Taycan and Macan Electric models including the adapter at no extra cost [3] - Existing Model Year 2025 Taycan and all Macan Electric customers are eligible for a complimentary adapter, with notifications sent via My Porsche [3] - Model Year 2024 and older Taycan customers can purchase the adapter for $250 from the Porsche Online Shop and local Porsche Centres [4] Group 2: Charging Process - The soft launch allows Porsche customers to access Tesla Superchargers using the Tesla app, with full operational features expected in the coming months [5] - Customers will need to download the Tesla app to activate Supercharger stations and can use the My Porsche app for other charging stations [6] Group 3: Charge Planning Software - All Model Year 2026 Taycan and Macan Electric variants will include navigation features for locating additional chargers, with updates for Model Year 2024 and 2025 Macan Electric models expected by year-end [7]
Dedicated to choice: Porsche owners can now access the Tesla Supercharger network
GlobeNewswire News Room· 2025-09-05 14:19
Core Points - Porsche is launching access to the Tesla Supercharger network for its customers, allowing them to use 23,500 charging stations in North America starting September 9, 2025 [1] - The access will be facilitated through a Porsche-supplied NACS DC adapter, with initial usage through the Tesla app, and further integration with the My Porsche app expected in the coming months [2][5] - New model year 2026 Porsche Taycan and Macan Electric models will include the NACS DC adapter at no extra cost, while existing owners of model year 2025 Taycan and Macan Electric can receive it for free [3][4] Charging Infrastructure - Model year 2024 and older Taycan customers can purchase the NACS DC adapter for $185, enabling charging at CCS-equipped stations, including select Tesla Superchargers [4] - The soft launch allows customers to access the Tesla Supercharger network ahead of a full operational launch, which will include enhanced features like plug & charge capability [5] Software and Navigation - All model year 2026 Taycan and Macan Electric variants will feature navigation software that incorporates the location of additional chargers, with updates for earlier models planned before the end of the year [7]
X @Forbes
Forbes· 2025-09-04 22:00
Test-Driving The 2025 Porsche 911 Carrera GTS T-Hybrid Cabriolet https://t.co/7g4WHzy2ju https://t.co/UMgs6dSI6U ...
X @Decrypt
Decrypt· 2025-09-04 21:55
EV Charging Technology - Porsche's Cayenne Electric features 11 kW wireless charging [1] - This marks the first large-scale deployment of cable-free EV charging on a luxury SUV [1]
X @Decrypt
Decrypt· 2025-09-04 19:51
Porsche Will Roll Out Wireless EV Charging in 2026► https://t.co/yyyec0kGTf https://t.co/yyyec0kGTf ...
Porsche demonstrates inductive charging at IAA
GlobeNewswire News Room· 2025-09-04 11:45
Group 1 - Inductive charging technology will be available for the new all-electric Porsche Cayenne, making it the first model to offer this feature as an option [1][2] - The Cayenne Electric will include an 11 kW Porsche Wireless Charging system that allows for contactless energy transfer, requiring no additional installation of a wall box or control unit [2][3] - The charging process is initiated automatically when the vehicle is parked above the charging floor plate, enhancing user convenience [2][3] Group 2 - Porsche Wireless Charging will be integrated into the My Porsche app, allowing users to track charging processes and utilize features like a departure timer with cabin preconditioning [3] - The launch of Porsche Wireless Charging is set for Europe in 2026, with plans to expand to other global markets thereafter [4] - A prototype of the Cayenne features innovative fluorescent paint that creates a dynamic camouflage pattern when electricity flows, showcasing Porsche's design capabilities [5][6]
Luxury carmaker Porsche to drop out of Germany's DAX index as U.S. tariffs bite
CNBC· 2025-09-04 08:28
Core Insights - Porsche will exit Germany's DAX index on September 22 due to a prolonged share price decline, primarily influenced by U.S. tariffs on European automobiles [1][2] - The company is set to join the midcap MDAX index later this month, indicating a shift in its market position [2] - Porsche's share price has decreased by over 33% in the past year, attributed to U.S. tariffs, weak demand in China, and a slow transition to electric vehicles [3] Company Performance - Porsche has lowered its outlook multiple times recently, reflecting challenges from external factors such as tariffs and market demand [3] - The company entered the DAX index three years ago following its IPO in September 2022 [3] Future Plans - Porsche's CEO, Oliver Blume, expressed the company's intention to return to the DAX as soon as possible, citing technical reasons for the current index relegation [4]