Reviews: Porsche share under the issue price, VW shares: Porsche can imagine when driving autonomous without VW

New thrust through e-mobility in the Leipzig Porsche plant

 New thrust through e-mobility in the Leipzig Porsche plant The Leipzig Porsche plant is increasingly expanded to become the location for electromobility in the 20th year of its existence. In addition to the E-Macan, which will go into series production in Leipzig from 2023, a new large off-road vehicle with an electric drive in Saxony is to be built. The vehicle was “in the luxury segment”, Porsche said. According to media reports, the 2026 production start is planned. Porsche did not want to comment on details of the project on request.

The sports car manufacturer Porsche is trying to provide the potentially tight good battery cells in the course of its electrical offensive.

Thomas Lohnes/Getty Images © provided by Thomas Lohnes/Getty Images

In the top-end models, Porsche wants to develop and produce its battery cells themselves, said CFO Lutz Meschke in an interview with the Frankfurter Allgemeine Sonntagszeitung. "The second pillar is of course the cooperation with VW and the VW partners. And thirdly, we also obtain batteries from external suppliers."

by 2030 80 percent of the Porsche new cars are said to be fully electric. So far, Porsche with the Taycan has only an electric car on offer. However, Meschke was confident that the electrical version of the Macan, with which there was difficulties with the software, will be launched in 2024. "The hardware, the vehicle itself, will soon be done," he said.

When Will Used Car Prices Go Down?

  When Will Used Car Prices Go Down? It isn't news to anyone who has shopped for a used car in 2022: The price of used cars has soared to record highs. According to the U.S. Bureau of Labor Statistics, its used car index, which tracks used car prices, has risen by 42% from December 2019 to October 2022. The free-market used car arena is built on the foundation that sellers can sell cars for the maximum amount buyers will pay. At this point, buyers are showing willingness and ability to pay astronomical prices. Used car prices shot from the first to the tenth floor like an elevator. They're likely to descend like an escalator, and a very shallow one at that. They may never reach the ground floor again.

Whether Porsche makes itself in autonomous driving, regardless of the majority owner VW, has not yet been finally decided. "But it is conceivable that we could go our own way and work with a technology company renowned in this field," said Meschke. "We have good conversations."

Porsche share falls under issue price

The Porsche share loses 1.09 percent in Xetra trading on Monday to 81.60 euros and thus falls below the issue price. Porsche AG's shares fell under the issue price for the first time on Monday in Xetra trading. So far, courses below the 82.50 euros mark had only been available in excessive trading, which was justified by the fact that the consortial banks involved in the IPO would have provided support in the main trading in the first few days. At the beginning of the week it was also time on Xetra.

Porsche team Dinamic Motorsport debut in ADAC GT Masters

 Porsche team Dinamic Motorsport debut in ADAC GT Masters growth for the starting field of the ADAC GT Masters at the next race weekend at the Lausitzring (August 19 to 21). Dinamic Motorsport completes a guest start at the fifth stop, making his debut in the German GT championship. The Italian team sends the pilots Klaus Bachler and Adrien de Leener in a Porsche 911 GT3 R into the season races nine and ten. © provided by Porsche team Dinamic Motorsport debut in the ADAC GT Masters The team from Reggio Emilia in northern Italy was found

The Volkswagen subsidiary had celebrated the largest German IPO since the Deutsche Telekom in 1996.

The shares from the Volkswagen Group Group of Investors were also repelled on Monday. Above all, this was true for the titles of the VW Concere Holding Porsche SE , temporarily slipped by 4.06 percent to 55.80 euros and reached their low since January 2021. For Volkswagen's preferred shares, it was 2.23 percent downhill to 123.58 euros. The industry values ​​are currently generally suffering from investors from the recession. Frankfurt (Dow Jones) and dpa (AFX)

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