The irony: Porsche is paying VW to buy itself out of a joint project

This is funny: Porsche will give VW €100 mln and Volkswagen will use that money to buy itself out of a joint project called Artemis, which is essentially an EV platform that the two companies (who essentially live under the same umbrella) developed together.

This is because Porsche wants to run its own show, and it is currently developing a new platform (codenamed K1), which will be loosely based on the PPE (Premium Platform Electric) that the Taycan uses.

I feel like this could’ve been avoided. I mean, Porsche execs had to know that this was a possibility. So my guess is that they either hesitated too long or Volkswagen sometimes strong-armed Porsche into this. Either way, €100 mln is a pretty penny. They could’ve used that money to remove *stuff* from Porsche models and sell them to customers at a premium, which is what they usually do.

I’ve crossposted this article on Publish0x, a social media platform that pays you small amounts to create and/or read content. You need to sign up but it’s 100% free

_flabbergasted LF is unsponsored and independent. If you like the content please subscribe to the WordPress website, follow on Instagram it helps a bunch. Also, if you want to support the website with Crypto, any donation in Eth (or any other Ethereum-based token), Btc, Nano, Xmr, is highly appreciated (see address below) Thank you. Sponsor opportunities, inquiries, etc:

Eth: 0xF8D5df20ed7B80624B02F21661DD0Fd57bf27F0D

Xmr: 8BZ1CtEoQsu1AekeSRmum5Y9o15RGjnbGbY34EertEYxYtXLsTwsH4bHQQrDf1Azz2du9h6NucR5aTxtMHpKRH38QhCkDu6

Btc: bc1q40wwu2qshpwkpurtyyrhs5t3kq0szrfjlyzmku

Nano: nano_3931o9kgduoqpt6wi6148dbooj8458wzi6djqkiocyqkkfyus71agxbtzg13

Doge: DD7use8x8Zw37XumJcwQxfkiqYR4eo5pjF

Use this link to get a discount on Undone Watches

Use this link to get a discount on your first Glovo order

Use this link to get up to $250 in crypto on your first deposit on BlockFi

Use these links to get free crypto on your deposit Coinbase or Binance

Use this link to get free diamonds use my CoinmarketCap code


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s