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A new European research project will make the battery production more affordable and more environmentally friendly. The batteries will be safer and more effective.
Herbert Diess will vacate his post by Sept. 1, the company said Friday. New CEO Blume will also continue his role as the head of the Porsche brand.
Porsche plans more deals to add electric, digital tech Brand will invest in more companies to gain a technological edge for the future Bloomberg Print Porsche plans to buy stakes in more companies this year to broaden the electric-vehicle offerings and digital services that are focal points for the future. The brand is continuing to "pick up the pace on investments" in new technologies and will make "a few announcements this year," Chief Financial Officer Lutz Meschke said in an emailed statement to Bloomberg News. Porsche's technological edge and financial muscle is vital to parent Volkswage...