Volkswagen AG is looking to raise as much as 9.4 billion euros ($9.4 billion) from the initial public offering of its iconic sports-car maker Porsche AG in what could be Europe’s largest listing in more than a decade. The German carmaker said late Sunday it is seeking a valuation of 70 billion to 75 billion… Continue reading Porsche IPO to raise up to $9.4 billion for parent VW
Tag: Ferrari
@Ferrari: Ferrari N.v.: Periodic Report on the Buyback Program000261
Maranello (Italy), September 19, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 150 million share buyback program announced on June 30, 2022, as the initial tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in… Continue reading @Ferrari: Ferrari N.v.: Periodic Report on the Buyback Program000261
@VW Group: Porsche aims to extend championship lead at the return to Fuji005792
The race In the close battle among manufacturers in the GTE-Pro class, Porsche clinched positions one and three in a successful qualifying session and tackled the endurance race in Japan with high hopes. However, it became apparent early on in the race that the competitiveness on race day did not meet those expectations. The most… Continue reading @VW Group: Porsche aims to extend championship lead at the return to Fuji005792
Multimatic’s TrueActive damper tech debuts on new Ferrari Purosangue
The Multimatic TrueActive Spool Valve (TASV) Damper system has debuted on the new Ferrari Purosangue unveiled on September 13. The four-door, four-seat model is Ferrari’s most practical to date. While high power twin-turbo V8s are the norm in the performance SUV segment, the Purosangue will launch with a new 65-degree, 6.5-litre naturally aspirated V12 petrol… Continue reading Multimatic’s TrueActive damper tech debuts on new Ferrari Purosangue
Vanwall Shows Its Le Mans Vandervell 1000 Hypercar Wearing The World’s Coolest Accessory: A License Plate – CarScoops
There’s nothing quite as cool in the automotive world as a racecar with a license plate and Vanwall is preparing just such a vehicle. Although the car that races at Le Mans likely won’t be road legal, the automaker is preparing a street-legal version of its racecar. Seen sporting a license plate in Vanwall’s latest… Continue reading Vanwall Shows Its Le Mans Vandervell 1000 Hypercar Wearing The World’s Coolest Accessory: A License Plate – CarScoops
@VW Group: Porsche aims to extend championship lead at the return to Fuji005782
The race In the close battle among manufacturers in the GTE-Pro class, Porsche clinched positions one and three in a successful qualifying session and tackled the endurance race in Japan with high hopes. However, it became apparent early on in the race that the competitiveness on race day did not meet those expectations. The most… Continue reading @VW Group: Porsche aims to extend championship lead at the return to Fuji005782
Vanwall Le Mans racer spawns road-legal hypercar
The Vanwall Vandervell 1000, a new Le Mans Hypercar (LMH) built by German race team ByKolles, will get a road-legal version to do battle with the Aston Martin Valkyrie. Pictured outside the Grending headquarters of the team, the road car does without the racer’s sizeable tailfin and rear wing, likely so that it complies with pedestrian safety regulations. ByKolles plans to… Continue reading Vanwall Le Mans racer spawns road-legal hypercar
These ETFs are capitalizing on the luxury goods boom
From couture fashion to high-end automobiles, it seems luxury buyers can’t get enough. High-end retailer Neiman Marcus says 2% of its customers account for 40% of sales, and those wealthy customers are buying the retailer’s luxury brands. Neiman says the top 20 brands on offer are all high-end brands. Luxury outfitter Canada Goose (GOOS), which… Continue reading These ETFs are capitalizing on the luxury goods boom
London Supercar Rental Company Accused of Fuelling Dark Web Crime with Crypto Rental Service
LONDON, Sept. 16, 2022 /PRNewswire/ — A supercar rental company in London has come under fire for agreeing to accept cryptocurrency payments which could be taken from criminal proceeds. ClassicParade.co.uk which is based in Sloane Street in Chelsea, rents prestige cars by the day and they offer brands including Lamborghini, Ferrari, Porsche, McLaren, Aston Martin,… Continue reading London Supercar Rental Company Accused of Fuelling Dark Web Crime with Crypto Rental Service
Cadillac Celestiq turns heads at EyesOn Design Awards
Detroit — The Cadillac Celestiq, the dramatic sedan concept pointing the way to the luxury brand’s electric future, dominated the 2022 EyesOn Design Awards, taking home two trophies. The Celestiq won for Best Use of Color, Graphics, or Materials and for Best Concept Vehicle. In the latter category, the Celestiq nosed out two other Motown… Continue reading Cadillac Celestiq turns heads at EyesOn Design Awards