
Porsche Previews All-Electric Cayenne with Record-Setting Hill Climb
Porschehas offered a first look at its upcomingCayenneElectric, showcasing the SUV's performance during a record-breaking run at the Shelsley Walsh hill climb in England. Development driver Gabriela Jílková piloted the camouflaged prototype to a new SUV course record of 31.28 seconds, beating the previous best by over four seconds. The all-electric SUV also hit the 60-foot mark in just 1.94 seconds, matching single-seater race cars in initial acceleration.
The Cayenne Electric features Porsche Active Ride — an advanced suspension system that keeps the vehicle level during intense braking and cornering, improving both comfort and control. While final tuning is still underway, Porsche confirmed that the prototype's powertrain and suspension were already at production level.
Beyond the track, the Cayenne Electric demonstrated its everyday usability by towing a two-tonne classic car and trailer, totaling about three tonnes, with ease. Porsche says the SUV will offer up to 3.5 tonnes of towing capacity, aligning with the combustion-powered Cayenne. Set to debut officially in the near future, the Cayenne Electric will appear next at the Goodwood Festival of Speed (July 10–13), continuing Porsche's rollout of its second all-electric SUV.
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Yahoo
6 hours ago
- Yahoo
Mercedes-Benz, Porsche and Aston Martin among latest carmakers hit by Trump's tariffs
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European carmakers have faced a 27.5% tariff on car exports to the US since it was imposed by the Trump administration in April. While a trade deal between the US and European Union (EU), announced on Sunday, means this rate will be lowered to 15%, it is still much higher than the tariff rate on vehicles before Trump's tariff blitz. Fellow German carmaker Porsche also laid out the impact of tariffs in its results on Wednesday, saying US import duties resulted in €400m of additional costs because it had offered customers price protection. CEO Oliver Blume said: "We continue to face significant challenges around the world. And this is not a storm that will pass. 'In China, demand in the premium and luxury segment has fallen sharply. In the US, import tariffs are also putting huge pressure on our business. Looking ahead, the movement of the dollar could also have an impact. In addition, the transformation to electric mobility is progressing more slowly than expected overall, with consequences for the supplier network." In the first six months of 2025, Porsche generated group sales revenue of €18.16bn, down from €19.46bn for the same period last year. Operating profit came in at €1.01bn in the first half, versus €3.06bn a year ago. Despite the disappointing figures, shares in Porsche AG ( were up 2.1% on Wednesday afternoon, while shares in Volkswagen ( – which owns 75% of the company – traded nearly 1% in the red at the time of writing. Volkswagen had flagged a €1.3bn hit to its operating profit in the first half, in results published on Friday. The carmaker said this was primarily due to high costs from increased US import tariffs, as well as provisions for restructuring and expenses related to CO₂ regulation. British sports car manufacturer Aston Martin (AML.L) also highlighted the impact of Trump's tariffs in the first half of the year in its results released on Wednesday. The luxury car brand reported a 25% fall in revenue to £454.4m in the first six months of 2025. Aston Martin posted an operating loss of £134.7m, which was down a further 27% versus the first half of 2024. Shares in Aston Martin, famed for its association with the James Bond films, were down 6.5% by afternoon trading on Wednesday. Read more: Eurozone economic growth slows to 0.1% in second quarter Adrian Hallmark, CEO of Aston Martin, said: "The evolving and disruptive US tariff situation was unhelpful to our operations in Q2. In response, we adjusted production and limited imports through April and May while awaiting confirmation of a trade agreement between the UK and the US, leveraging existing inventory held by our US dealers in that period. "We resumed shipments to the US in June in anticipation of a finalised agreement which came into effect on 30 June 2025. We continue to actively engage the UK government to urge them to improve the quota mechanism to ensure fair access for the whole UK car industry to the 10% rate on an ongoing basis." A trade deal between the US and UK, announced in May, saw tariffs on British cars fall to 10% for the first 100,000 vehicles exported to the US. Meanwhile, Jeep-owner Stellantis (STLA) said on Tuesday that it expected to see a tariff impact of approximately €1.5bn in 2025, of which €300m had been incurred in the first half of the year. The Netherlands-based multinational carmaker said net revenues fell 13% in the first half to €74.3bn compared to last year. Stellantis reported a net loss of €2.3bn versus a net profit of €5.6bn last year. 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She added: "But just like the bubbles in an open bottle of fizz, optimism can evaporate quickly and with earnings season about to move into high gear there's plenty of potential jeopardy to keep investors off kilter." Read more: HSBC launches $3bn share buyback despite second-quarter profit plunge Should you invest in gold? Trump's trade war hasn't harmed global growth outlook yet, says IMFSign in to access your portfolio
Yahoo
a day ago
- Yahoo
Trade deal aside, Mercedes and Porsche see more tariff pain on the way
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New York Times
a day ago
- New York Times
Mercedes and Porsche Squeezed by U.S. Tariffs and Slowdown in China
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