Good morning and welcome to our daily digest of automotive news from around the globe, starting with…
VW Still Considering Porsche Inflation, Which Could be Worth More Than $100 Billion
Reuters has reported that VW hasn’t completely given up the idea of offering an IPO and suggests that the company is considering it as a way to fund their costly mission towards a fully electric future. Rumours of a Porsche IPO are not new. There has been speculation for some time. While previous reports have suggested that the IPO could bring in up to $101.4 million, however, there is no clear indication that any official decision has yet been taken due to the complex stakeholder arrangement.
Shrunken Ferrari Testa Rossa J Makes Driving More Fun Than Real Sports Cars
While Ferrari has been slapping their badge on some unusual and sometimes rather tacky ‘lifestyle’ products in order to offer their clients more than just super expensive sports cars, most of them never really fit the Italian brand’s extravagant nature. This was until Testa Rossa J. A fully drivable 70% scale of the Testa Rossa, this ‘toy,’ built by the Little Car Company, will burn a $105,000 hole in your wallet. But the Testa Rossa J isn’t really a toy, with a top speed of around 45mph (72kmph), the little Ferrari gives you a thrilling and nostalgic driving experience — and we would know, we’ve driven it!
Vanderhall’s Electric Brawley Off-Roader Priced From $35,000, But You Can’t Use It On The Road
American manufacturer Vanderhall Motor Works has released specifications for the Brawley, its latest three-wheeler model. The off-road-focused 4-wheeler will start at $34,950 (excluding destination charges) and will be offered in 40kWh and 60kWh battery modules, with four electric motors giving it a combined power output of 404hp; however, those interested in the Brawley must take note that the vehicle isn’t street legal, and may only be used for recreational activities.
Stellantis Partners with BMW on Autonomous Tech and Foxconn On Chips
Stellantis revealed that multiple partnerships are being formed in order to create new technologies and make the vehicle more profitable. They will partner with Hon Hai Technology Group, (Foxconn), to produce four new types of chips. These chips will meet 80% of the semiconductor market. Stellantis also revealed three brand new technology platforms, STLA Brain, STLA SmartCockpit and STLA AutoDrive, which will be created in collaboration with Foxconn, BMW, and Foxconn.
Caterham Seven Gets 1950s So-Cal Reworking By Camal Studio
The Caterham Seven is one of the few cars that has stood the test the test, in its original form. With DNA tracing back to Colin Chapman’s Lotus sports cars from the 50s. The Caterham has never really been changed because it consisted of a formula that produced a purely enjoyable sports car — that is until Camel Studio had a go at it. Dubbed the Super**GA, this digital concept is based on the original Caterham 485 chassis and retains its 2.0L NA engine, but everything else seems completely different. Although the front axle is the same as that of the OG in the rendering, the design transforms as you move to the rear.
Peugeot to Go EV-Only in Europe by 2030
Linda Jackson, CEO of Peugeot, stated that the company is working hard to achieve its goal to be an EV-only manufacturer in Europe by 2030. French automaker Peugeot has announced that it will cease producing ICE-powered cars in Europe by 2030 but they will keep them for export markets. Peugeot is already ahead of the curve, having proposed to all European cars that they should emit zero emissions by 2035.
The News: What’s the Other Story?
A Court rules in favor of a man who claims to have invented Bitcoin
Craig Wright, an Australian computer scientist will have the ability to retain half the cryptocurrency’s $54 billion value. Wright implied in a blog post that he was Satoshi Nakamoto, the pseudonym used by the person or persons who developed bitcoin, although others remain skeptical. He was brought to court in Miami by his business partner’s family, who sought IP rights.
Space-bound Japanese Billionaire Will Make Money While in Space
宇宙からの全員お金贈り。一人あたりの金額は全員一律ではありません。いくつかの金額パターンの中から抽選で決まります。もちろん全員に当たります。お楽しみに。
— 前澤友作┃12/8から宇宙旅行 (@yousuck2020) November 25, 2021
Japanese Billionaire Yusaku Maezawa has said that he will give away an unspecified amount of money while in space. “I’m excited. I feel like an elementary school student about to go on an outing,” Maezawa said at a news conference, according to Reuters. Maezawa gave $1,000 to his followers on Twitter last year.
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