Porsche is building a stunning Tesla rival - here's everything you need to know
Reuters/Kai Pfaffenbach
As Porsche gears up for its first push in the electric space, the automaker is also considering ditching diesel engines, CEO Oliver Blume told Reuters.
The luxury automaker is contemplating ditching diesel engines in the wake of Volkswagen's emissions cheating scandal. Regulators are currently examining whether Porsche's Cayenne SUV used the same engine-cheating software.
As Porsche considers moving away from diesel, the German automaker is preparing for its first foray into the electric space.
Porsche is spending $1.16 billion to overhaul its Stuttgart plant in order to introduce the Mission E in 2019, Reuters reported. The Mission E is a four-door, battery-powered saloon and could become a serious Tesla rival.
Scroll down for a breakdown of the Mission E.
Get the latest Tesla stock price here.
- 10 Ultimate road trip routes in India for 2024
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market