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Porsche May Scale Back EV Push for Hybrids Amid China Slump and New CEO

Porsche May Scale Back EV Push for Hybrids Amid China Slump and New CEO

Porsche is scaling back its electric vehicle plans due to weak demand in China and a crowded market, redirecting investments to petrol and hybrid engines. This shift, led by new...

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1 min
Luxury automaker Porsche reverses EV strategy amid weak China demand

Luxury automaker Porsche reverses EV strategy amid weak China demand

Porsche is pulling back from its electric vehicle plans, thanks to weak demand in China amid a frenzy in a crowded market that has erased almost two-thirds of its stock value since May 2023. The luxur...

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1 min
RAND Warns of AI-Driven Cyber Chaos in New ‘Robot Insurgency’ Report

RAND Warns of AI-Driven Cyber Chaos in New ‘Robot Insurgency’ Report

RAND Corporation's simulation has shed light on how a rogue AI could cripple U.S. infrastructure before humans could react....

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1 min