Jim Messina – a key adviser to former US President Barack Obama – thinks blockchain technology and cryptocurrencies are among “the most exciting developments of our lifetime.” The American is highly b...
Tag: Porsche
Messina CEO willing to bet his Porsche on BTC reaching $60K again
Former White House Deputy Chief of Staff and Messina Group CEO Jim Messina said he is ready to bet on his Porsche car as he expects Bitcoin to rally up to $60,000. During an interview with Fox Busines...
Porsche flips Volkswagen to become Europe’s most valued automaker at €85 billion
German automobile manufacturer Porsche has officially overtaken its parent company Volkswagen as the most valuable vehicle maker in Europe. Porsche attained the status on October 6, with a valuation ...
Porsche Shares Drop Below IPO Price Within Days of Making Debut
(Bloomberg) — Porsche AG stock traded below the price it debuted at last week, succumbing to the market pressures Volkswagen AG defied by going ahead with Europe’s biggest initial public offerin...
Porsche shares rise in landmark Frankfurt debut
Porsche shares rose in their stock market debut Thursday, in one of the biggest public offerings in Europe ever. Bloomberg | Getty Images Porsche shares rose in their stock market debut Thursday, in o...
Almost Half of Porsche IPO Bids Miss Out on High Demand
(Bloomberg) — Porsche AG attracted so much demand for its landmark 9.4 billion-euro ($9.1 billion) initial public offering that almost half the investors that put in orders were not allocated sh...
The Cheapest And Costliest Electric Cars To Insure
The Audi RS e-tron GT commands the highest national average insurance rates among electric cars for … [+] 2022. Audi/jameshalfacre.com Both consumer interest in, and sales of electric vehicles h...
Porsche AG shares rise 2% first day of trading in Germany’s biggest IPO in decades
Porsche AG shares debuted today, September 29, on the Frankfurt stock exchange at the opening price of €84 (~$81.27), marking the largest initial public offering (IPO) in the last 25 years. While the...
Porsche Set for Bold Trading Debut After Pricing at Top End
(Bloomberg) — Porsche AG is set for a bullish trading debut after parent Volkswagen AG set the final listing price for the sports-car maker at the upper limit, seeking to defy deep market upheav...
Porsche May Be Worth 33% Less Than Touted IPO Price, Quest Says
(Bloomberg) — Porsche AG may be worth little more than two-thirds of the value being touted ahead of the luxury carmaker’s initial public offering, according to an analysis from Quest, a unit of...
Porsche IPO – date, pre-valuation, and everything you need to know
Initial public offerings (IPOs) in Europe have long lagged behind their US counterparts; however, a new IPO of a premier car brand may bring some solace to EU investors looking to spice up their portf...
Volkswagen Seeks to Raise $9.4 Billion in Porsche IPO
(Bloomberg) — Volkswagen AG is looking to raise as much as 9.4 billion euros ($9.41 billion) from the initial public offering of its iconic sports-car maker Porsche AG in what could be Europe’s ...
Volkswagen drives into danger with €85bn Porsche sale
porsche – Marlene Awaad/Bloomberg Vladimir Putin, having assembled thousands of soldiers on Ukraine’s eastern borders, gave the order for them to advance west, triggering the most destructive Eu...
Porsche Family Seeks Redemption With IPO After Tearful Defeat
(Bloomberg) — More than a decade after the billionaire Porsche clan waved goodbye to their crown jewel, the family is set to claw back more direct influence over the sports-car maker as parent V...
Volkswagen and Porsche Take a Huge Risk With a Big Bet
Nothing stops Volkswagen (VLKAF) . Not Russia’s energy war on the European Union. Moscow has decided to cut gas supplies to Europe before the cold autumn and winter months because of the countr...
Porsche IPO is set to take place at the end of September; Things to know
Despite the volatile markets seen in 2022, Volkswagen AG is planning to list a minority stake in the sports car maker Porsche this year. The plan is to list the shares in Frankfurt on the Frankfurt St...
Porsche Attracts IPO Demand at Up to $85 Billion Valuation
(Bloomberg) — Porsche has lined up investor interest for its initial public offering at a valuation of as much as $85 billion, signaling one of Europe’s biggest-ever listings is poised to go ahe...
You Probably Don’t Realize How Inefficient Internal Combustion Engines Are
One of the most frequent focuses of discussion between electric vehicle adopters and their critics is range. The usual argument is that fossil fuel vehicles can do 700 miles between refuels and take f...
What Does Herbert Diess Departure Mean For Volkswagen’s Electric Future?
The recent dismissal of Volkswagen Group CEO Herbert Diess has sent shockwaves through the automotive industry – but particularly amongst those following the rise of electric vehicles. While most othe...
Porsche Boss Takes Over VW After Combative CEO Is Driven Out
(Bloomberg) — Most Read from Bloomberg Volkswagen AG ousted Herbert Diess, the architect of the auto industry’s biggest electrification effort, after clashes with labor unions and execution issu...
VW’s Diess Goes, As Flawed Governance Foils Another Leader
Herbert Diess, chief executive officer of Volkswagen AG, who is leaving at the end of August. … [+] Photographer: Krisztian Bocsi/Bloomberg © 2022 Bloomberg Finance LP A software spat probably t...
Volkswagen CEO Diess to depart; Porsche boss Blume will lead the German auto giant
Herbert Diess, CEO of Volkswagen Sean Gallup | Getty Volkswagen CEO Herbert Diess will leave the company at the end of August, the company said Friday. Oliver Blume, currently the CEO of Volkswagen su...
VW Chief Diess To Leave, Replaced By Porsche’s Blume
VW’s Herbert Diess (Photo by Sean Gallup/Getty Images) Getty Images Volkswagen said Friday Group CEO Herbert Diess is stepping down, an unexpected move that will shock investors. The move came a...
Porsche And Audi To Join F1 As A Sign They Can Make More Money Than Invest
Volkswagen-owned Porsche and Audi will be joining Formula 1 in 2026. Porsche will be partnering with … [+] Oracle Red Bull Racing for power plants. (Photo by Mark Thompson/Getty Images) Getty Im...
Porsche Family to Acquire More Than 25% of the Car Maker as IPO Nears
BERLIN—Volkswagen AG largest shareholder, Porsche Automobil Holding SE said it would acquire 25% plus one additional share of the voting stock in Porsche AG when VW lists the sports-car brand, which c...