Porsche discontinues performance e-bike division

9 Mwezi wa tano, 2026

Imeripotiwa na AI

Porsche is shutting down its electric bicycle subsidiary after nearly four years of operation. The move comes as the German automaker refocuses on its core business amid shifting market conditions.

Porsche announced it will close Porsche eBike Performance GmbH, which it launched in August 2022 to develop high-performance e-bike drive systems. The company plans to shut factories in Ottobrunn, Germany, and Zagreb, Croatia, affecting around 350 employees. Several e-bike models were produced, including the Porsche eBike Sport, which reached its fifth generation with a starting price of $10,920, and the off-road Porsche eBike Cross.

Makala yanayohusiana

Photorealistic rendering of Tesla's upcoming compact SUV on a Chinese factory line with Elon Musk approving the design.

Tesla developing compact affordable SUV amid strategy shift and sales slump, Reuters reports

9 Mwezi wa nne, 2026 Imeripotiwa na AI Picha iliyoundwa na AI

Tesla is developing a new compact electric SUV priced below the $36,990 Model 3 and measuring 168 inches (4.3 meters) long—shorter than the Model 3 (185.8 inches) and Model Y (188.7 inches)—according to Reuters citing four anonymous supplier sources. The all-new design awaits CEO Elon Musk's production approval and may launch first in China before expanding to U.S. and German factories, signaling a pivot back to core vehicles after a focus on robotaxis and humanoid robots.

Porsche sales drop 15 percent in first quarter

Porsche sold 60,991 vehicles worldwide in the first quarter of 2026, down 15 percent from the previous year. The company cites market weakness in China and North America, along with its own model policy errors. Hopes now rest on the fully electric Cayenne.

Porsche reports nearly 25 percent profit drop in first quarter

29 Mwezi wa nne, 2026 Imeripotiwa na AI

Stuttgart-based sports car maker Porsche reported a first-quarter 2026 net profit of 391 million euros, down nearly 25 percent from the previous year. Revenue fell five percent to 8.4 billion euros. Reasons include high costs for a strategic shift, US tariffs, and declining sales.

America

Chilean startup Forest raises 54 million dollars for ebikes in London

Technology

Ferrari unveils first electric vehicle luce amid backlash

Europe

VW opens order books for ID.Polo from late April

Honda to end gasoline vehicle output at one China plant

Honda Motor Co. will discontinue gasoline vehicle production at one of its four plants in China and may do so at another, a source close to the matter said Friday. The move is part of restructuring amid a shift in demand to electric vehicles in the world's largest auto market. The company aims to cut its annual gasoline vehicle capacity of 960,000 units there.

Volkswagen cuts jobs but central costs keep rising

15 Mwezi wa sita, 2026 Imeripotiwa na AI

CEO Oliver Blume announces further cost-cutting measures at the shareholders' meeting. By the end of the year 19,000 jobs are to be cut in a socially acceptable manner in the German AG. Despite the cuts, profits are falling and key cost blocks are rising.

Jumatano, 10. Mwezi wa sita 2026, 20:49:46