Latest news with #Porsche-Piëch
Hindustan Times
4 days ago
- Automotive
- Hindustan Times
Porsche billionaire owners forming platform to invest in defense startups
Porsche AG and Volkswagen AG's owners are setting up a fund to make defense-industry investments, hoping to ride a surge in European military spending. Ferdinand Porsche, the late founder of the sports-car brand, helped develop tanks for Nazi Germany.(Bloomberg) Porsche Automobil Holding SE, the holding company of the Porsche-Piëch billionaire owner family, said Wednesday it's forming a platform with partners it didn't name to invest in defense startups. The company is dropping a previous requirement that targets need to have not just military but also civilian applications. 'Our aim is to increase our involvement in the defense and defense-related sectors while maintaining our core focus on mobility and industrial technology,' Chairman Hans Dieter Pötsch said. The company also lowered its earnings guidance due to weakness in the auto industry. Tapping into new sectors may prove lucrative as Europe prepares to unlock hundreds of billions of euros in defense and infrastructure expenditures. Porsche SE announced in March it was considering a third long-term anchor investment in defense or infrastructure, separate from its holdings in VW and Porsche. Independent of the fund, Porsche SE said it's 'intensively examining' possible defense investments, with a focus on areas such as satellite surveillance, reconnaissance and sensor systems, cybersecurity or logistics and supply systems. The family's automotive empire has a long history of civil-military activities. Volkswagen operates a joint venture with Rheinmetall AG to make military vehicles, and Porsche SE last year made a double-digit million-euro investment in Munich-based drone manufacturer Quantum Systems. Ferdinand Porsche, the late founder of the sports-car brand, helped develop tanks for Nazi Germany. He designed the Beetle, used as a basis for military vehicles Volkswagen produced during World War II. The automaker later manufactured the Volkswagen Type 181, also called The Thing, for the West German Army and then for civilian customers in the UK and the US. Ferdinand's descendants — including his grandsons Ferdinand Alexander Porsche, who designed the 911, and Ferdinand Piëch, a former Volkswagen CEO — formed the basis of the owner family. Separately on Wednesday, Porsche SE cut its earnings outlook, citing lower profit expectations at Porsche and Volkswagen. The company now expects an adjusted group result after tax of at least €1.6 billion ($1.9 billion), from a minimum of €2.4 billion previously.
Yahoo
09-06-2025
- Automotive
- Yahoo
Ferrari N.V. (RACE): A Bull Case Theory
We came across a bullish thesis on Ferrari N.V. (RACE) on Hidden Market Gems' Substack. In this article, we will summarize the bulls' thesis on RACE. Ferrari N.V. (RACE)'s share was trading at $482.61 as of 6th June. RACE's trailing and forward P/E were 47.96 and 46.51 respectively according to Yahoo Finance. Photo by M on Unsplash Porsche and Ferrari both build high-performance, high-prestige cars, but only one commands mythological status in the eyes of the market. While Porsche is undeniably profitable and respected, with a backlog of eager buyers, it still grapples with convincing investors it's a luxury brand. Ferrari, on the other hand, exudes effortless exclusivity — its brand is its moat, requiring no explanation, no reinvention, and certainly no scaling to justify its premium. When Porsche went public in 2022, it did so amid much fanfare, billed as the German Ferrari and achieving a €75 billion market cap, briefly even eclipsing its parent, Volkswagen. Yet the structure of the IPO revealed the reality: Porsche AG remains 75% owned by VW, which is controlled by Porsche SE, the family holding of the Porsche-Piëch dynasty that itself owns a stake in VW. The supposed 'unlock' of value is tangled in circular ownership, leaving the equity story diluted by complexity. In contrast, Ferrari's 2015 spin-off from Fiat Chrysler was clean and surgical. Investors bought direct access to the brand, without holding company baggage or operational entanglements. One share equated one vote, one slice of the legend. Ferrari doesn't have to chase scale, electrification, or strategic pivots to remain compelling — its very identity as Ferrari is self-sustaining. That clarity and purity are what the market rewards: Ferrari trades as a luxury icon; Porsche, despite all its engineering prowess, still trades as a car company. The distinction isn't performance — it's perception, and Ferrari owns it. Previously, we covered a on Axon (AXON) by the same author, emphasizing its AI-driven ecosystem for law enforcement, strong recurring revenue, and ambitious vision to become the global public safety OS. Despite a premium valuation, Axon's high-margin TASER segment, scalable cloud offerings, and clean balance sheet position it as a long-term compounder and has appreciated by approximately 5% since our recent coverage. Ferrari (RACE) offers a contrasting angle, less about growth mechanics and more about brand purity. Ferrari N.V. (RACE) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held RACE at the end of the first quarter which was 37 in the previous quarter. While we acknowledge the risk and potential of RACE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
Yahoo
09-06-2025
- Automotive
- Yahoo
Ferrari N.V. (RACE): A Bull Case Theory
We came across a bullish thesis on Ferrari N.V. (RACE) on Hidden Market Gems' Substack. In this article, we will summarize the bulls' thesis on RACE. Ferrari N.V. (RACE)'s share was trading at $482.61 as of 6th June. RACE's trailing and forward P/E were 47.96 and 46.51 respectively according to Yahoo Finance. Photo by M on Unsplash Porsche and Ferrari both build high-performance, high-prestige cars, but only one commands mythological status in the eyes of the market. While Porsche is undeniably profitable and respected, with a backlog of eager buyers, it still grapples with convincing investors it's a luxury brand. Ferrari, on the other hand, exudes effortless exclusivity — its brand is its moat, requiring no explanation, no reinvention, and certainly no scaling to justify its premium. When Porsche went public in 2022, it did so amid much fanfare, billed as the German Ferrari and achieving a €75 billion market cap, briefly even eclipsing its parent, Volkswagen. Yet the structure of the IPO revealed the reality: Porsche AG remains 75% owned by VW, which is controlled by Porsche SE, the family holding of the Porsche-Piëch dynasty that itself owns a stake in VW. The supposed 'unlock' of value is tangled in circular ownership, leaving the equity story diluted by complexity. In contrast, Ferrari's 2015 spin-off from Fiat Chrysler was clean and surgical. Investors bought direct access to the brand, without holding company baggage or operational entanglements. One share equated one vote, one slice of the legend. Ferrari doesn't have to chase scale, electrification, or strategic pivots to remain compelling — its very identity as Ferrari is self-sustaining. That clarity and purity are what the market rewards: Ferrari trades as a luxury icon; Porsche, despite all its engineering prowess, still trades as a car company. The distinction isn't performance — it's perception, and Ferrari owns it. Previously, we covered a on Axon (AXON) by the same author, emphasizing its AI-driven ecosystem for law enforcement, strong recurring revenue, and ambitious vision to become the global public safety OS. Despite a premium valuation, Axon's high-margin TASER segment, scalable cloud offerings, and clean balance sheet position it as a long-term compounder and has appreciated by approximately 5% since our recent coverage. Ferrari (RACE) offers a contrasting angle, less about growth mechanics and more about brand purity. Ferrari N.V. (RACE) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held RACE at the end of the first quarter which was 37 in the previous quarter. While we acknowledge the risk and potential of RACE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
