Inside Porsche’s all-electric Taycan
Porsche’s first electric car Taycan is outselling the Tesla Models S and X. FoxNews.com automotive editor Gary Gastelu with more.
Porsche is going public.
Volkswagen is planning to spin off the sports car brand with an IPO expected to be valued in the $70 billion to $75 billion range.
The valuation would make it worth roughly twice that of Ferrari, which was turned into an independent company by Fiat in 2015.
Volkswagen Chief Executive Oliver Blume is set to run the new company, officially called Dr. Ing. h.c. F. Porsche AG.
‘CARS’ PORSCHE 911 SOLD FOR $3.6 MILLION AT CHARITY AUCTION