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The Porsche 911 GT3 attracts American manual buyers
There's a line that we have grown accustomed to hearing from automakers: We don't offer a manual transmission because the take rate is so low. Moreover, the rule of thumb is that Americans buy automatics while our friends across the Atlantic prefer manuals. Electric cars even outsold stick-shifts in 2019. However, with cars like the Porsche 911 GT3, expectations are turned on their heads. A new on View more
Ferrari says its redesigned F1 car is coming along
Ferrari held a pre-season team launch on Friday with some confidence that their new Formula One car, to be unveiled next month, would be a lot better than last year's flop. Team principal Mattia Binotto told reporters in a video conference from the Ferrari museum in Maranello, against a backdrop of winning cars from the past, that the data looked promising. "Last year the main issue was the spee View more
Porsche could raise its stake in Rimac to nearly 50%
FRANKFURT — Volkswagen unit Porche is participating in a financing round of Rimac Automobili that will see the electric supercar maker raise 130 million-150 million euros ($157 million-$181 million), its owner Mate Rimac told weekly Automobilwoche. The fundraising should be completed in two to three months and another round is planned at the end of the year, Rimac told the tr View more
Nikola's internal review finds inaccuracy in statements by founder Trevor Milton
Nikola and its founder Trevor Milton had made several statements that were partially or completely inaccurate, the electric-truck maker disclosed in a regulatory filing late on Thursday following an internal review. Kirkland & Ellis, a law firm hired by Nikola to conduct a review in connection to allegations of fraud by short-seller Hindenburg, was also assessing if the inaccurate statements View more
