Latest news with #718Cayman
Scottish Sun
23-05-2025
- Automotive
- Scottish Sun
Porsche discontinues two iconic models and replaces them both with EVs
NEW DIRECTION Porsche discontinues two iconic models and replaces them both with EVs Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) PORSCHE has confirmed it will axe two of its most iconic sports cars—the petrol-powered 718 Boxster and 718 Cayman—by the end of this year, paving the way for fully electric replacements. The announcement marks a significant shift in the brand's strategy as it leans further into electric mobility. Sign up for Scottish Sun newsletter Sign up 4 Whittlebury,Northants,UK -Aug 27th 2023: 2022 blue Porsche 718 Cayman car travelling on an English country road Credit: Getty 4 Production of the mid-engine 718 twins will end in October 2025 at Porsche's facilities in Zuffenhausen and Osnabrück Credit: Alamy 4 Replacing these fan favourites will be fully electric versions of both the Cayman and Boxster Credit: AP:Associated Press The news was first revealed in Germany by Porsche production boss Albrecht Reimold in Automobilwoche and later confirmed by the company to Car and Driver. Production of the mid-engine 718 twins will end in October 2025 at Porsche's facilities in Zuffenhausen and Osnabrück. The move follows the earlier discontinuation of the models in Europe due to new cybersecurity laws. According to Porsche, the decision isn't about poor sales. In fact, 2024 saw a 15 percent increase in deliveries, with 23,670 units sold. However, limited parts availability and the push for electrification have forced Porsche's hand. 'We are now focused on the next chapter,' said a spokesperson. Special editions like the Cayman GT4 RS and Boxster RS Spyder will also bow out, despite previous exemptions from EU regulations. Replacing these fan favourites will be fully electric versions of both the Cayman and Boxster. While details remain scarce, Reimold assured enthusiasts that the electric successors will maintain the fun-to-drive character. 'I've driven it,' he said. 'The driving experience will still be 100 percent 718.' Porsche CEO Oliver Blume added during the brand's recent annual meeting that the new EVs will be 'even more dynamic, even more powerful.' However, fans will have to wait a bit longer for the new generation. The EV 718s won't launch until the 'medium term', with development still ongoing. In the meantime, Porsche is urging customers to snap up the remaining petrol-powered models while they still can. 'This may well be your last chance,' warned Car and Driver, which was among the first to report the change for global markets. The shift has been in motion since the start of 2024, when the 718 was pulled from European markets in response to stricter cybersecurity legislation. The regulations effectively ended sales of the internal-combustion Boxster and Cayman, along with the petrol-powered Macan, across the EU. The U.S. and other regions were granted a temporary reprieve, but that window will now close in October. While the 718's days are numbered, Porsche's broader EV strategy is still in flux. CEO Oliver Blume admitted during this week's shareholder meeting that the company's previous target—having electric cars make up 80 percent of sales by 2030—is now unlikely to be met. Despite this, Porsche says the electric lineup 'will continue to grow as planned,' including a large three-row SUV still in development. Interestingly, Porsche is also keeping its options open when it comes to future powertrains. The company has hinted it may reintroduce combustion engines or hybrids into models originally intended to be electric-only. Last November, then-CFO Lutz Meschke said Porsche was 'looking at the possibility' of combining hybrid or petrol power with upcoming EVs—a sign the brand isn't closing the door on internal combustion just yet. As Porsche moves into this new chapter, the retirement of the 718 range is more than just the end of two cars,it's the end of an era. Since their debut, the Boxster and Cayman have become icons in their own right, offering affordable performance and precise handling. Whether the electric versions can match that legacy remains to be seen. The Sun has approached Porsche for comment.
The Irish Sun
23-05-2025
- Automotive
- The Irish Sun
Porsche discontinues two iconic models and replaces them both with EVs
PORSCHE has confirmed it will axe two of its most iconic sports cars—the petrol-powered 718 Boxster and 718 Cayman—by the end of this year, paving the way for fully electric replacements. The announcement marks a significant shift in the brand's strategy as it leans further into electric mobility. Advertisement 4 Whittlebury,Northants,UK -Aug 27th 2023: 2022 blue Porsche 718 Cayman car travelling on an English country road Credit: Getty 4 Production of the mid-engine 718 twins will end in October 2025 at Porsche's facilities in Zuffenhausen and Osnabrück Credit: Alamy 4 Replacing these fan favourites will be fully electric versions of both the Cayman and Boxster Credit: AP:Associated Press The news was first revealed in Germany by Porsche production boss Albrecht Reimold in Automobilwoche and later confirmed by the company to Car and Driver. Production of the mid-engine 718 twins will end in October 2025 at Porsche's facilities in Zuffenhausen and Osnabrück. The move follows the earlier discontinuation of the models in Europe due to new cybersecurity laws. According to Porsche, the decision isn't about poor sales. In fact, 2024 saw a 15 percent increase in deliveries, with 23,670 units sold. Advertisement Read more on Motors However, limited parts availability and the push for electrification have forced Porsche's hand. 'We are now focused on the next chapter,' said a spokesperson. Special editions like the Cayman GT4 RS and Boxster RS Spyder will also bow out, despite previous exemptions from EU regulations. Replacing these fan favourites will be fully electric versions of both the Cayman and Boxster. Advertisement Most read in Motors Exclusive While details remain scarce, Reimold assured enthusiasts that the electric successors will maintain the fun-to-drive character. 'I've driven it,' he said. 'The driving experience will still be 100 percent 718.' Porsche CEO Oliver Blume added during the brand's recent annual meeting that the new EVs will be 'even more dynamic, even more powerful.' However, fans will have to wait a bit longer for the new generation. Advertisement The EV 718s won't launch until the 'medium term', with development still ongoing. In the meantime, Porsche is urging customers to snap up the remaining petrol-powered models while they still can. 'This may well be your last chance,' warned Car and Driver, which was among the first to report the change for global markets. The shift has been in motion since the start of 2024, when the 718 was pulled from European markets in response to stricter cybersecurity legislation. Advertisement The regulations effectively ended sales of the internal-combustion Boxster and Cayman, along with the petrol-powered Macan, across the EU. The U.S. and other regions were granted a temporary reprieve, but that window will now close in October. While the 718's days are numbered, Porsche's broader EV strategy is still in flux. CEO Oliver Blume admitted during this week's shareholder meeting that the company's previous target—having electric cars make up 80 percent of sales by 2030—is now unlikely to be met. Advertisement Despite this, Porsche says the electric lineup 'will continue to grow as planned,' including a large three-row SUV still in development. Interestingly, Porsche is also keeping its options open when it comes to future powertrains. The company has hinted it may reintroduce combustion engines or Last November, then-CFO Lutz Meschke said Porsche was 'looking at the possibility' of combining hybrid or petrol power with upcoming EVs—a sign the brand isn't closing the door on internal combustion just yet. Advertisement As Porsche moves into this new chapter, the retirement of the 718 range is more than just the end of two cars,it's the end of an era. Since their debut, the Boxster and Cayman have become icons in their own right, offering affordable performance and precise handling. Whether the electric versions can match that legacy remains to be seen. The Sun has approached Porsche for comment. Advertisement 4 Fans will have to wait a bit longer for the new generation Credit: Alamy
Yahoo
21-04-2025
- Automotive
- Yahoo
Automotive Heat Shield Market worth $12.68 billion by 2032
DELRAY BEACH, Fla., April 21, 2025 /PRNewswire/ -- The automotive heat shield market is projected to grow from USD 12.14 billion in 2025 to USD 12.68 billion by 2032, at a CAGR of 0.6%, according to a new report by MarketsandMarkets. The automotive heat shield market is driven by the widespread presence of ICE vehicles in China, Japan, India, and the US, increasing demand for high-temperature-resistant shielding solutions. With EV adoption rising, specialized heat shields made from lightweight aluminum, composite materials, and multilayer insulation are essential to protect battery packs and electronic components. Meanwhile, commercial vehicles rely on steel-based heat shields for engine compartments and exhaust systems due to their slower electrification. Additionally, the market sees growing demand for non-acoustic heat shields in high-temperature zones and acoustic heat shields for noise reduction in EV powertrains. To meet these evolving needs while addressing environmental concerns, manufacturers invest in R&D to develop eco-friendly and recyclable heat shield materials that balance performance, durability, and sustainability. Download an Illustrative overview: Browse in-depth TOC on "Automotive Heat Shield Market" 226 - Tables75 - Figures257 - Pages Passenger cars are projected to account for the largest share of the automotive heat shield market during the forecast period. The passenger cars will dominate the automotive heat shield market, driven by sustained ICE vehicle production and advancements in engine efficiency. Automakers are integrating turbocharged and high-performance engines that generate more heat, necessitating effective thermal management solutions. Additionally, stricter emission regulations push manufacturers to develop lightweight and durable heat shields to enhance fuel efficiency and reduce carbon footprints. Automotive heat shield manufacturers such as Tenneco Inc. (US), ElringKlinger AG (Germany), Dana Limited (US), and Carcoustics (Germany) provide automotive heat shields to passenger car vehicle models. In 2025, Aspen Aerogels Inc. provided heat shields to Porsche for its 718 Boxster and 718 Cayman passenger car models in Germany. Double-shell heat shield is set to lead the automotive heat shield market during the forecast period. The double shell heat shield holds the largest share in the automotive heat shield market, primarily due to its effective thermal protection in high-temperature areas such as under-bonnet and turbocharger applications. These heat shields are designed with two metal layers, offering improved insulation and durability. The rising demand for fuel-efficient vehicles, increasing adoption of lightweight materials, and stricter emission regulations are key drivers supporting the demand for double-shell heat shields in the market. Companies such as ElringKlinger AG (Germany), Morgan Advanced Materials (UAE), and HKO (Germany) provide double shell heat shields to key OEMs. ElringKlinger AG offers an ElroShield M multilayer shielding solution made of metal and insulating material. Similarly, the company offers ElroForm multilayer and multi-material solutions for under-bonnet applications. North America is estimated to account for the second-largest share of the automotive heat shield market during the forecast period. North America is estimated to be the second-largest market for automotive heat shields during the forecast period. The US is the largest automotive market in this region. The growth in North American vehicle production in 2024, driven primarily by light trucks, is expected to increase the demand for automotive heat shields. Further, advancements in lightweight materials and manufacturing processes have developed more heat-resistant heat shields. Several major manufacturers, including Dana Limited (US), Tenneco Inc. (US), Alkegen (US), Aspen Aerogels, Inc. (US), DuPont (US), UGN Inc. (US), and The Narmco Group (Canada), operate in the region. The widespread use of light commercial vehicles (LCVs) and the increasing shift toward vehicle electrification in the US are key factors influencing the market. As the industry moves toward EVs, manufacturers focus on specialized heat shield solutions for battery packs and electric motors. Additionally, stricter government emission regulations are driving demand for emission-free vehicles, which in turn is boosting the need for advanced heat shields that ensure efficient heat dissipation in high-performance vehicles. Key Market Competitive Intelligence on the Automotive Heat Shield Industry: Prominent players in the Automotive Heat Shield Companies include as Tenneco Inc. (US), Dana Limited (US), ElringKlinger AG (Germany), Autoneum (Switzerland), Alkegen (US), Sanwa Packing Industry Co., Ltd. (Japan), Technol Eight Group (Japan), Thai Summit Group (Thailand), Kokusan Parts Industry Co., Ltd. (Japan), Carcoustics (Germany), Aspen Aerogels, Inc. (US), Futaba Industrial Co., Ltd. (Japan), DuPont (US), Zircotec (UK) and Morgan Advanced Materials (UK). Get 10% Free Customization on this Report: This report provides insights on: Analysis of key drivers (Innovation in heat shield insulation techniques for enhanced thermal resistance, growing focus on lightweight and fuel efficiency standards, and rise in electrical/electronic components in vehicles), restraints (restrictions on ICE vehicles by major countries, and customization requirements increasing production complexity and cost), opportunities (rising demand for PHEVs, and Recycling scrap automotive heat shield insulation material), and challenges (active cooling systems reducing reliance on passive heat shielding) Product Development/Innovation: Detailed insights on upcoming technologies and research & development activities in the automotive heat shield market Market Development: Comprehensive information about lucrative markets—the report analyses the automotive heat shield market across varied regions Market Diversification: Exhaustive information about untapped geographies, recent developments, and investments in the automotive heat shield market Competitive Assessment: In-depth assessment of market share, growth strategies, and product offerings of leading players like Tenneco Inc. (US), Dana Limited (US), ElringKlinger AG (Germany), Autoneum (Switzerland), and Alkegen (US) in the automotive heat shield market. Related Reports: Automotive Heat Exchanger Market Automotive Gasket and Seal Market Automotive Pumps Market Get access to the latest updates on Automotive Heat Shield Companies and Automotive Heat Shield Industry Growth About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets
Yahoo
27-03-2025
- Automotive
- Yahoo
Porsche 911s Hold Their Value Better Than All Other New Cars: Report
Turns out your Porsche 911 is a worthy investment. The sports car has the lowest five-year depreciation rate of any vehicle, according to a new report from iSeeCars, a used-car search engine. The company studied over 800,000 5-year-old pre-owned autos sold from March 2024 to February 2025 to collect its data. More from Robb Report Gawker Founder Nick Denton Is Selling His N.Y.C. Condo for $3.5 Million Red Bull Replaced Max Verstappen's Teammate Just Two Races Into the Season This $4.1 Million Cottage Is Located in a Celebrity-Favorite Enclave Just North of New York City The 911 claims the No. 1 spot on the top 25 list of cars with the lowest depreciation rate, with an average depreciation rate of 19.5 percent over five years—along with an average difference of MRSP of $24,428. Following close behind is another auto from Porsche: the 718 Cayman, a sports car that drops 21.8 percent in value over half a decade, with an average MRSP difference of $15,851. Rounding out the top four are the Toyota Tacoma and the Chevrolet Corvette, which sit at 26 percent and 27.2 percent, respectively, in five-year depreciation. Of course, where some autos triumph, others find themselves falling flat. iSeeCars also put together a list of the 25 vehicles that have the highest five-year depreciation. Perched at the top of that list is the Jaguar I-Pace, an EV with an average depreciation of 72.2 percent over five years, as well as a $51,953 average difference in MRSP. At No. 2 is the BMW 7 Series; that car has a 67.1 percent five-year devaluation rate and a $65,249 average MRSP difference over the same period. The Tesla Model S (with a 65.2 percent depreciation rate) and the Infiniti QX80 (with a 65.2 percent depreciation rate) complete the top four. Electric vehicles lose the most value after purchase, dropping 58.8 percent over five years, according to iSeeCars. EVs and luxury cars make up 23 out of 25 of the autos on the list of cars that depreciate most in value, including the Maserati Ghibli, the Land Rover Range Rover, and the Audi A8 L. The company also found that premium models usually lose more value than mainstream iterations. Trucks and hybrid models, meanwhile, keep their value the most, losing 40.4 percent and 40.7 percent, respectively, over five years. As far as used car prices go, they've come back down to earth since their peak during the pandemic, iSeeCars reports. That's shown in the increased five-year depreciation rate across all car types. It also means that new cars are losing more money after five years since both new and pre-owned car supply are slowly returning to pre-Covid numbers. Here is the full list of the top 25 vehicles with the lowest five-year depreciation. 1. Porsche 911 2. Porsche 718 Cayman 3. Toyota Tacoma 4. Chevrolet Corvette 5. Honda Civic 6. Chevrolet Camaro7. Toyota Tundra 8. Ford Mustang 9. Porsche 718 Boxster 10. Toyota Corolla Hatchback 11. Subaru BRZ 12. Toyota RAV4/RAV4 Hybrid13. Toyota 4Runner 14. Toyota Corolla 15. Subaru Crosstrek 16. Subaru Impreza 17. Chevrolet Corvette 18. Jeep Wrangler 19. Honda HR-V 20. Ford Ranger 21. Honda Accord 22. Toyota Prius 23. Honda CR-V 24. Subaru WRX 25. Toyota Camry And here is the full list of the top 25 vehicles with the highest five-year depreciation. 1. Jaguar I-Pace2. BMW 7 Series 3. Tesla Model S 4. Infiniti QX80 5. Maserati Ghibli 6. BMW 5 Series 7. Nissan LEAF 8. Maserati Levante 9. Tesla Model X 10. Cadillac Escalade ESV 11. Land Rover Range Rover12. Audi A8 L13. BMW 5 Series 14. Audi Q7 15. Infiniti QX60 16. Cadillac Escalade 17. Audi A6 18. Land Rover Discovery 19. Mercedes-Benz S-Class20. Audi A7 21. Tesla Model Y 22. Lincoln Navigator L 23. Porsche Taycan 24. Nissan Armada 25. Ford Expedition MAX Click here to read the full article.
Yahoo
19-03-2025
- Automotive
- Yahoo
7 Sports Cars That Will Have Massive Price Increases in Early 2025
With tariffs threatening to balloon the price of cars, sports car enthusiasts could be in for an even heftier hike on their favorite makes and models. Be Aware: Check Out: According to automotive industry experts Brian Moody, executive editor of Kelley Blue Book, and Zach Shefska, president and CEO of CarEdge, the following sports cars are likely to cause the most sticker shock in 2025. The Porsche 911 is one of the fastest-selling sports cars in the United States, according to Shefska. He noted the make has a mere 23-day supply, meaning it takes less than a month for Porsche to move every unit. With approximately 300 active Porsche 911s on the market, it's no wonder the cars — which have already increased in price by $6,000 since the start of the year — will continue to appreciate. But for anyone tempted to buy one, Shefska said there is one advantage: They have a high-performance combustion engine that keeps them in good shape for the long haul. 'You can hold on to 911s for decades, and they'll still retain a lot of their value,' he said. Explore More: Another Porsche making the list is the 718 Cayman. Shefska highlighted its sub-$100,000 price point and extremely low supply as key factors driving price increases. As a more accessible entry into Porsche ownership, the 718 Cayman is benefiting from the brand's reputation and the halo effect of higher-end models. 'Porsche recently said they're continuing their commitment to performance cars powered by combustion engines while continuing to offer interesting electric cars like the Macan EV, which will likely drive the prices up,' said Moody. The Chevrolet Corvette continues to be a standout in the sports car market, with Shefska pointing out its 'relatively inexpensive' price of around $70,000 compared to European exotics. That said, according to Shefska: 'Chevrolet has made it clear they want the price to go up, marketing it to compete with brands like Ferrari and McLaren.' Supply remains low, which is also likely to push prices higher. While the Ford Mustang remains a relatively affordable sports car, Ford's strategy of producing more high-trim models is driving up overall transaction prices. 'Many of the Mustangs sell for more than $50,000, which is pretty wild given the MSRP starts around $30,000,' said Shefska. Increased demand for performance-oriented trims and Ford's pricing strategies suggest that Mustang prices will continue to climb. The BMW M2 Coupe is another model with strong enthusiast demand and a tight supply, making it likely to see price increases. 'It only has a 37-day supply and it has a cult following, because it's the most compact M model still in production,' Shefska explained. It's no surprise the Ferrari F80 and McLaren W1 are on this list. According to Moody, both are ultra-high-performance models with low supply, both designed to appeal to true enthusiasts. He added the cache from these models could have a ripple effect on other models from these brands. 'The rare and exotic nature of those cars could have an upward push on the price of other Ferrari and McLaren cars like the 296 GTB and the Artura Spider,' he said. More From GOBankingRates Who Would Benefit the Most from Trump's Social Security Tax Plan 6 Big Shakeups Coming to Social Security in 20257 Things You'll Be Happy You Downgraded in Retirement This article originally appeared on 7 Sports Cars That Will Have Massive Price Increases in Early 2025
