Porsche AG

The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany.Arjun Kharpal | CNBCPorsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating profit.The German luxury automaker said it expects an operating return on sales of between 15% and 17% in 2024, down from the 18% margin notched in 2023 and 2022. In the long term, the group targets an operating return on sales of more…

Porsche's bestselling cars today are SUVs, a far cry from what the luxury brand built its reputation on — small, nimble and, above all, unique rear-engine sports cars like the 911.Now the famous German automaker is faced with the challenge of how to maintain a connection to its illustrious heritage, and its distinct brand identity, in the EV era. The answer might be something called eFuel — or fuel made in a factory partly from carbon pulled from the atmosphere.Porsche has invested more than $100 million in the…

Lithium-ion battery performance has hit a plateau in recent years, but a breakthrough in technology promises new heights are soon to be in sight.Batteries made with silicon instead of graphite — the commonly used material in battery anodes today — have been shown to enable significantly higher energy density and faster charging. "Silicon anode has 10 times higher energy density than graphite," according to CEO Kang Sun of Amprius Technologies, one of the companies working on the technology. "We've demonstrated that we can…

The all-electric Porsche Taycan Turbo.Source: Porsche AGLuxury automaker Porsche AG issued an ambitious long-term outlook of more than 20% of return on sales, after posting record 2022 earnings on Monday on the back of higher deliveries.The carmaker said its operating profit hiked by 27% to 6.77 billion euros ($7.23 billion) last year, when deliveries rose by 2.6% to 309,884 units.The company is proposing a dividend of 1.00 euro per ordinary share and 1.01 euros per preferred share. It issued ongoing growth guidance on…

Porsche shares rose in their stock market debut Thursday, in one of the biggest public offerings in Europe ever.Bloomberg | Getty ImagesPorsche managed to increase its global deliveries last year by 2.6% despite worldwide supply chain issues that crippled other carmakers as well as sales of its first all-electric car.The German sports car manufacturer said Thursday it delivered 309,884 vehicles to customers last year, up from 301,915 vehicles in 2021."The many challenges caused by the war in Ukraine, interrupted supply…