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Iconic supercar brand ‘bracing for more cost cutting' weeks after halting all sales of EVs in the UK
Iconic supercar brand ‘bracing for more cost cutting' weeks after halting all sales of EVs in the UK

The Irish Sun

time3 days ago

  • Automotive
  • The Irish Sun

Iconic supercar brand ‘bracing for more cost cutting' weeks after halting all sales of EVs in the UK

AN ICONIC supercar brand is reportedly bracing for more cost cutting after halting all sales of its electric motors in the UK. The luxury carmaker is seeking ways to offset declining sales in China and the escalating cost of US tariffs. Advertisement 2 Porsche is bracing for more cost cutting measures Credit: Getty 2 The luxury carmaker seeks ways to offset declining sales in China and the escalating cost of US tariffs Credit: Getty Porsche CEO, Oliver Blume, has initiated negotiations on another round of cost-cutting measures. Blume had already announced additional savings in March while presenting the firm's 2024 results. An excerpt of a letter sent to the company's leadership said: "In the second half of 2025, employer and employee representatives will negotiate a second structural package to secure the company's long-term performance." Blume wrote: "Our business model, which has served us well for many decades, no longer works in its current form." Advertisement Read more Motors news Details about what the possible savings measures might look like weren't included in the letter. Porsche has been particularly struggling with low sales in China. But the carmaker is also facing difficulties in the US where import duties of 27.5% on motors have been in place since April. The company doesn't have production facilities in the US, importing its cars exclusively from Europe instead. Advertisement Most read in Motors Breaking Exclusive At the beginning of the year, Porsche had announced that it would cut 1,900 of around 40,000 jobs by 2029. This came after 2,000 temporary employees did not have their contracts renewed. Inside Dua Lipa's one-off 184mph Porsche 911 GT3 RS set to raise £100,000s for charity It's a fall from grace from the motor company which, at its 2022 stock market debut, was valued higher than parent company Volkswagen AG. Experts have linked the company's struggles to its overly aggressive and inflexible electrification strategy. Advertisement Porsche has had a goal of being 80 per cent electric worldwide by 2030 But the brand dramatically halted all sales of one of its electric vehicles in the UK in May. The company mysteriously told its retailers to stop selling a specific batch of the electric sports car. Several main Porsche dealers were asked to remove a selection of electric Taycan models from sale. Advertisement It followed a request from the Driver and Vehicle Standards Agency (DVSA) which manages motor recalls in the UK. The problem related to a previous recall issued in November by the DVSA which said it could pose a fire risk. that month too over the risk of the wheels falling off while driving. It issued a notice on three of its most popular models including the iconic Advertisement Owners were urged to "stop driving immediately".

Iconic supercar brand ‘bracing for more cost cutting' weeks after halting all sales of EVs in the UK
Iconic supercar brand ‘bracing for more cost cutting' weeks after halting all sales of EVs in the UK

Scottish Sun

time3 days ago

  • Automotive
  • Scottish Sun

Iconic supercar brand ‘bracing for more cost cutting' weeks after halting all sales of EVs in the UK

It comes amid the company's recent struggles NEW ROUTE Iconic supercar brand 'bracing for more cost cutting' weeks after halting all sales of EVs in the UK AN ICONIC supercar brand is reportedly bracing for more cost cutting after halting all sales of its electric motors in the UK. The luxury carmaker is seeking ways to offset declining sales in China and the escalating cost of US tariffs. 2 Porsche is bracing for more cost cutting measures Credit: Getty 2 The luxury carmaker seeks ways to offset declining sales in China and the escalating cost of US tariffs Credit: Getty Porsche CEO, Oliver Blume, has initiated negotiations on another round of cost-cutting measures. Blume had already announced additional savings in March while presenting the firm's 2024 results. An excerpt of a letter sent to the company's leadership said: "In the second half of 2025, employer and employee representatives will negotiate a second structural package to secure the company's long-term performance." Blume wrote: "Our business model, which has served us well for many decades, no longer works in its current form." Details about what the possible savings measures might look like weren't included in the letter. Porsche has been particularly struggling with low sales in China. But the carmaker is also facing difficulties in the US where import duties of 27.5% on motors have been in place since April. The company doesn't have production facilities in the US, importing its cars exclusively from Europe instead. At the beginning of the year, Porsche had announced that it would cut 1,900 of around 40,000 jobs by 2029. This came after 2,000 temporary employees did not have their contracts renewed. Inside Dua Lipa's one-off 184mph Porsche 911 GT3 RS set to raise £100,000s for charity It's a fall from grace from the motor company which, at its 2022 stock market debut, was valued higher than parent company Volkswagen AG. Experts have linked the company's struggles to its overly aggressive and inflexible electrification strategy. Porsche has had a goal of being 80 per cent electric worldwide by 2030 But the brand dramatically halted all sales of one of its electric vehicles in the UK in May. The company mysteriously told its retailers to stop selling a specific batch of the electric sports car. Several main Porsche dealers were asked to remove a selection of electric Taycan models from sale. It followed a request from the Driver and Vehicle Standards Agency (DVSA) which manages motor recalls in the UK. The problem related to a previous recall issued in November by the DVSA which said it could pose a fire risk. Porsche recalled 1,000 high end luxury cars that month too over the risk of the wheels falling off while driving. It issued a notice on three of its most popular models including the iconic 911. Owners were urged to "stop driving immediately".

Spied: Porsche Taycan Turbo Weissach Running Aero Wheels and GT3 Fender Vents
Spied: Porsche Taycan Turbo Weissach Running Aero Wheels and GT3 Fender Vents

The Drive

time4 days ago

  • Automotive
  • The Drive

Spied: Porsche Taycan Turbo Weissach Running Aero Wheels and GT3 Fender Vents

The latest car news, reviews, and features. This week, our spy photo contact in Germany sent us an album of a Porsche Taycan Turbo prototype running extremely wild-looking aero. From the asymmetrical wheels and GT3 RS-style fender vents we can see here, it seems clear that Porsche is not done tuning its already mind-meltingly fast electric super sedan. The top of the Taycan food chain right now is the 2026 Taycan Turbo GT with Weissach Package. Ringing up at about a quarter-million bucks, it claims up to 1,019 horsepower and can do 0 to 60 in an unsettling 2.1 seconds with launch control. Meanwhile, a couple of weeks ago, I drove the relatively pedestrian Taycan Cross Turismo with less than half as much power … and thought that felt insanely fast. I suppose aero tweaks don't necessarily mean Porsche's planning for more speed per se; the brand's tinkerers might simply be looking for more stability and range. Aerodynamic adjustments can, of course, play a big part in both. The spy who sent us these images indicated that longtime Porsche collaborator Manthey was working on this particular Taycan setup, and that Porsche race driver Lars Kern was at the wheel. Kern has driven Porsche cars, including the Taycan, in quite a few instances of important development driving and record-chasing. Close study of the images, as best as we can see beyond the camo and tape, reveal wheel arch extensions on the front and rear that are more extreme than even what's on the current Weissach car. And the rear-wheel aero covers and front fender vents are hard to miss. 'As on the 911 GT3 RS, the wheel arch ends at the top and a completely new air deflector guides the air from the wheel arch past the side of the vehicle,' photographer Stefan Baldauf noted in an email. 'The diffuser under the car is also very striking. This is also more reminiscent of a GT3 RS than a Taycan. A completely new lip and additional flaps can be seen at the front. The prototype was fitted with Pirelli tyres.' It looks spectacular. And while I'm kind of neutral about electric cars in general, the Taycan in particular is one of my favorite things on the road right now. It's cool to see that Porsche is still pushing the platform. This clip will give you a sense of what the mighty Taycan Turbo is already capable of: Got a tip? Send us a note at tips@

Sean Wotherspoon Unveils Multicolored Porsche 911 Carrera 2.7 RS Art Car
Sean Wotherspoon Unveils Multicolored Porsche 911 Carrera 2.7 RS Art Car

Hypebeast

time6 days ago

  • Automotive
  • Hypebeast

Sean Wotherspoon Unveils Multicolored Porsche 911 Carrera 2.7 RS Art Car

Summary Sean Wotherspoon, viaType 7, hasrevealedhis latest art-meets-automotive project: aPorsche 911Carrera 2.7 RS, transformed into a rolling canvas of vivid color and nostalgic materials, captured byMeyers Manxcreative directorHagop Kalaidjian. The artist, best known for his patchworkAir Max 97s andcolor-blocked Taycan, drew inspiration from his early days admiring Harlequin Golfs and his deep connection to vintage fashion. Commissioned by collectorPhilip Sarofim, with creative direction fromJimmy Howson'sStuff by Spot, the project reimagines the iconic RS with hues inspired by Meyers Manx, including 'Old Red' on the hood. The interior is just as ambitious, crafted entirely from vintageLevi'sdenim, flannel and corduroy — all dating from the 1960s to the 1990s — and anchored by a cork dashboard leftover from Wotherspoon's Taycan collaboration. Door cards feature functional Levi's pockets, while each panel and stitch nods to the car's history. 'It's about using as much color as possible in a way that sparks curiosity,'saysWotherspoon, who spent eight months curating the build. The car debuted on the streets of LA, turning heads instantly. 'Nature never gets criticized for being colorful,' he adds. 'This project was my way of bringing that same beauty to the road.'

Here are 10 electric estates available now or in the near future
Here are 10 electric estates available now or in the near future

Top Gear

time7 days ago

  • Automotive
  • Top Gear

Here are 10 electric estates available now or in the near future

Advertisement At its launch back in 2017, the MG5 was the only electric estate available on these shores. Come mid-2025 and it's now been relegated to the classifieds – but that doesn't make it a bad buy mind. Especially if you can stretch to a mid-life facelift example, which arrived in 2022. Where its predecessor was a rather bland-looking thing, the updated 5 was a completely different prospect entirely, with its sharp face, LED lights front and rear and suave cabin. It also supported vehicle to load capability, enabling you to power anything from a coolbox to a coffee machine. While early versions can be picked up from as little as £5k, later models start from around £12.5k, and many will still be within their seven-year warranty. If you can avoid the badge snobbery, there's much to like. Click here to read the full review Advertisement - Page continues below Porsche Taycan Cross Turismo You might like Porsche Taycan Sport Turismo Got your eye on a Porsche Taycan Cross Turismo, but want slightly less of the Audi Allroad treatment? The Taycan Sport Turismo, which sees the ride height slightly lowered and the plastic body cladding prised off, could be your answer. Post facelift you now get an 89kWh battery in the entry-level Sport Turismo, while a 402bhp electric motor drives the rear wheels for a 0-62mph time of 4.8 seconds and a range of 352 miles on a single charge. There's 270kW DC rapid charging too. Want more speed? The Turbo S now has a bonkers 939bhp and does 0-62mph in 2.4 seconds, but the proper driver's Sport Turismo may be the mid-range GTS. Click here to read the review Advertisement - Page continues below Peugeot's design team are on a roll of late, and the third generation 308 and 308 SW are no exception. Originally available with petrol and diesel engines only, Peugeot has since rolled out hybrid and fully electric powertrains to both the hatchback and estate. Result. The e-308 SW (short for Sports Wagon, FYI) gets a 154bhp electric motor mated to a 54kWh battery for up 254 miles of range (and a best-in-class efficiency of 4.93 miles per kW, it claims), with 100kW fast charging allowing for a 20-80 per cent top-up in 25 minutes, if you can find a plug capable of those speeds. Inside you get Peugeot's smart looking i-Cockpit, while boot capacity is 548 litres with the rear seats up, and 1,574 litres up to the roof with the rear seats down. "Probably the best all-rounder you can currently buy at the affordable end of the market," was the verdict in our review. Click here to read the full review Vauxhall Astra Electric Sports Tourer We're big fans of the Vauxhall Astra Electric – great looks, decent to drive and low running costs – so a longer, more spacious, bigger booted variant was always going to appeal to our better nature too. And lo, meet the Vauxhall Astra Electric Sports Tourer. Doesn't roll off the tongue quite so easily, does it? Still, it shares the same 154bhp electric motor, 54kWh battery, 254ish-mile range as the Peugeot e-308 SW – yep, plenty of Stellantis cross platform sharing going on here – but gets a slightly more mature suit. It gets a slightly smaller boot compared to the Peugeot though, with 516 litres seats up and 1,553 seats down. Is a little bit plain too. Click here to read the full review At the BMW Group's annual conference in March 2023, boss Oliver Zipse confirmed what we've known about estate cars for years. 'The BMW 5 Series Touring is very popular,' he said. 'From spring 2024 it will also come in an all-electric version, giving us a truly unique selling point in this segment.' And he was true to his word. The BMW i5 Touring is available in two iterations, the entry-level i5 eDrive40 (rear-wheel drive, 335bhp, 295lb ft) which offers up to 348 miles of range from its 81kWh battery pack, and the range-topping i5 M60 (all-wheel drive, 593bhp, 586lb ft), capable of the 0-62mph sprint in 3.9secs, but a slightly reduced 314 miles range from its identical sized battery. BMW tells us all models get the same 570 / 1,700 litre (seats up / down) boot. Prices start from just over £70k. Click here to read the full review When the A6 e-tron concept broke cover back in April 2021, we were suitably impressed but also secretly crossing our fingers and toes hoping for an Avant version. Estates are both better looking and far more practical than saloons, of course. A year later Audi revealed the A6 Avant e-tron concept - suitably futuristic without being OTT. Thankfully the production car looks remarkably similar to that original design. It's based on the new PPE platform that's shared with Porsche and you can even have an S6 Avant with 543bhp. This or a BMW i5 Touring, we hear you ask? Well, we've driven them both back to back, so you don't have to. Find out which was our winner behind these blue words. Click here to read the full review Advertisement - Page continues below Back in 2019, Volkswagen previewed its Vizzion concept – a stylish, futuristic, fantastic looking fully electric estate – at the Los Angeles Motor Show – before it all went very quiet. A little too quiet for our liking. Then, in early 2023, VW revealed its ID.7 saloon (which you can read about by clicking these blue words), before confirming that an estate (Tourer) version would follow. A year later it finally arrived – hurrah! – and now you can have it in all-wheel drive GTX form with 335bhp and a 0-62mph time of 5.5 seconds. Click here to read the full review Mercedes-Benz CLA Shooting Brake Merc shouts loud and proud that this CLA Shooting Brake is its first electric 'estate'... even if Shooting Brakes aren't technically estates and this technically isn't a Shooting Brake. But let's not get into all that here and now. Instead know this: this is the only way you'll get to an electric estate wearing the three-pointed star on the front. Two versions will be available on our shores: the rear-drive 250+ (268bhp/85kWh battery/473 miles of range) and the all-wheel drive 350+ 4MATIC (439bhp/85kWh battery/454 miles of range). Less range when fully loaded, mind. Speaking of, you're looking at up to 455 litres of cargo space with the back seats up, or 1,290 litres with the seats down. Click here to find out more Advertisement - Page continues below If there's one thing better than an A6 e-tron, it's an RS6 e-tron. While details are few and far between at time of writing, that hasn't stopped us dreaming. We do at least have some clues on the design, with Audi design boss Marc Lichte telling TG the RS6 will have a wider track and bigger wheels to set it apart from the A6 e-tron. Nothing out of the ordinary there – the current combustion-engined RS6 is the angriest looking to date. Expect the upcoming electric RS6 to smash the S6 e-tron's 0-62mph time of 3.9 seconds. Supercar performance in a practical package. Nice. Click here to find out more See more on Electric

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