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: email@example.com
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 this link to get free diamonds use my CoinmarketCap code