Porsche Holding Vz. Stock News

German battery recycling start-up Cylib, which counts Porsche and Bosch as backers, broke ground on its first European industrial plant in western Germany, the company said on Monday.

Cylib, a startup backed by luxury sports car firm Porsche and appliances maker Bosch, is building a massive battery recycling facility in Germany. The plant, located in the town of Dormagen in western Germany, will span 236,000 square feet.

Audi's sales chief Hildegard Wortmann has chosen to step back from her role and will be replaced by Marco Schubert, head of Europe at Porsche AG, Audi said on Friday.

TORONTO, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Porsche Cars Canada, Ltd. (PCL) is pleased to announce the opening of five Porsche NOW locations in the metropolitan areas of Montreal, Ottawa, and Vancouver. The brand pop-ups are the first of their kind to premiere an electric mobility focus, heralding the arrival of new electrified Porsche models in Canada such as the Macan Electric and the 2025 Tay...

Special sneaker design celebrates 50 Years of 911 Turbo as well as the upcoming opening of the Porsche Experience Centre Toronto Special sneaker design celebrates 50 Years of 911 Turbo as well as the upcoming opening of the Porsche Experience Centre Toronto

Atlanta, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Porsche Financial Services, Inc. (PFS), headquartered in Atlanta, Georgia has issued auto lease Asset Backed Securities (ABS) in the USA with a principal amount of $850 million dollars. This follows two successful auto loan ABS issuances by PFS in 2023.

Porsche AG (ETR:P911) has joined a group of creditors putting together a rescue package for ailing battery maker Varta. Under the deal, Varta's debt will be cut from €485 million to €200 million, the company said.

Timo Resch is basking in the sun. That's literally true, as we spoke on a gloriously clear California day at the Quail, one of Monterey Car Week's most prestigious events.