Connect with us

Hi, what are you looking for?

Contribution AmericansContribution Americans

Tech News

Porsche is holding on to gas cars for a bit longer

a plugged in porsche taycan
Photo by Sean O’Kane / The Verge

Porsche is not ready to turn in its gas caps for charging ports just yet. The company reportedly plans to launch more internal combustion engine models due to a slowdown in EV sales, according to Automotive News Europe. The automaker’s CFO, Lutz Meschke, told the outlet, “What is clear is that we are sticking with the combustion engine for much longer.”

As Car and Driver notes, he also said there’s a “clear trend in the premium luxury segment” that is leaning towards gas engines, and as a result, Porsche will “react” in its product cycle.

Porsche sells two pricey electric vehicles: the Taycan and the recently launched Macan. It planned to bring more EV-only models, including a Cayenne 718 and a new high-performance SUV. But now Meschke…

Continue reading…

You May Also Like

Editor's Pick

On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson discusses the most important chart on all of StockCharts – your default ChartStyle! In addition...

Editor's Pick

There are times when the price action of a stock is worth analyzing further. This article is a follow-up to last week’s StockCharts Technical...

Editor's Pick

Eric Gomez and Benjamin Faber In October 2024, Congress received notification of two new arms sales for Taiwan, and the Ministry of National Defense...

Editor's Pick

Adam N. Michel and Chris Edwards President-elect Donald Trump campaigned on reforming the federal government with spending cuts and overhauling the bureaucracy. He has...