EVMagz
No Result
View All Result
EVMagz
No Result
View All Result
Home News

After Pulling Out Of Flagship EV Production Deal, Porsche To Pay VW Commercial Vehicles Unit $113 Million

Shaun Williams by Shaun Williams
January 11, 2022
in Industry, News, Porsche, Volkswagen
282 3
0
Porsche Vision Gran Turismo 2 - After Pulling Out Of Flagship EV Production Deal, Porsche To Pay VW Commercial Vehicles Unit $113 Million
136
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Porsche paid a $113 million fine to Volkswagen Commercial Vehicles as compensation for withdrawing from the production deal.

According to a report, there has been an internal agreement within the Volkswagen Group to allow Porsche to build high-performance electric cars at its own production facilities, rather than at Volkswagen's Hanover plant.

Previously, Porsche's electric cars would be produced in the same facilities as Audi and Bentley. Where, it was supposed to be built as part of Audi's Artemis Project, which will create new technologies for highly automated vehicles.

Porsche assumed that buyers were less interested in automation than their performance, and therefore did not want to use the many advanced driver assistance systems offered by Artemis.

“Since Porsche will use different platforms in its model planning, production at Stöcken offers almost no meaningful synergies. Building two new production lines on different platforms will not increase complexity,” Porsche Holding wrote in a December 2021 statement.

Meanwhile, in the same press release, the chairman of the working board at Volkswagen Commercial Vehicles, Bertina Murkovic, expressed her “disappointment at Porsche's rejection of the Hanover site.”

Per this report, the deal between the companies will include a $113 million payment from Porsche to Volkswagen Commercial Vehicles to replace the lost production with another model.

Porsche will now make the electric car, known internally as the K1, at its factory in Leipzig. The vehicle will remain based on the EV architecture jointly developed by Audi and Porsche, although it will not use the technology developed by Audi for the Artemis Project.

Meanwhile, Volkswagen's Hanover plant will be the construction site for Volkswagen ID.Buzz, as well as flagship electric vehicles built by Audi and Bentley.

Tags: electric carelectric vehicleelectric vehiclesevtechnologyVolkswagenVW
Share54Tweet34Pin12
Previous Post

Hyundai Considers Production of Own Semiconductor Chip

Next Post

Dacia Spring Price and Specifications [Infographic]

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://www.youtube.com/watch?v=jKKZisB4QLA

Archives

Categories

  • Abarth
  • Acura
  • Aehra
  • Afeela
  • Air Mobility
  • AITO
  • Aiways
  • Alfa Romeo
  • Alpha Motor
  • Alpine
  • Apple
  • Aptera Motors
  • Arrival
  • Aston Martin
  • Audi
  • Autonomous
  • Avatr
  • Awards
  • BAIC
  • Bajaj
  • Baojun
  • Battery
  • BAW
  • Bentley
  • BeyonCa
  • BMW
  • Bollinger Motors
  • Brand
  • BrightDrop
  • Bugatti
  • Buick
  • BYD
  • Cadillac
  • Canoo
  • Caterham
  • Ceer
  • Cenntro
  • Changan
  • Charging
  • Chery
  • Chevrolet
  • China
  • Chrysler
  • Citroen
  • Commercial vehicles
  • Comparison
  • Concept
  • Conversion
  • Cupra
  • Dacia
  • Daihatsu
  • Daimler
  • Datsun
  • DeLorean
  • Denza
  • Dodge
  • Dongfeng Motors
  • Drako Motors
  • DS Automobiles
  • Ebusco
  • Einride
  • Electric Bike
  • Electric Boats
  • Evergrande
  • Faraday
  • Ferrari
  • Fiat
  • Finance
  • Fisker
  • Fleets
  • Ford
  • Formula E
  • Foton
  • Foxconn
  • GAC Aion
  • Geely
  • Genesis
  • GMC
  • Gogoro
  • Great Wall Motor
  • Green Energy
  • Guide
  • Hino Motors
  • HiPhi
  • Honda
  • Hongqi
  • Huawei
  • Human Horizons
  • Hybrid
  • Hydrogen
  • Hyundai
  • IM Motors
  • Industry
  • Ineos
  • Irizar
  • Isuzu
  • Iveco
  • Izera
  • Jaguar
  • Jeep
  • Jidu
  • Kawasaki
  • KG Mobility
  • KIA
  • Lamborghini
  • Lancia
  • Leapmotor
  • Lexus
  • Li Auto
  • Lightyear
  • Lincoln
  • Lion Electric
  • Liux
  • Lordstown
  • Lotus
  • Lucid
  • Lynk & Co
  • Mack Trucks
  • Mahindra
  • MAN Truck & Bus
  • Management
  • Market Outlook
  • Maserati
  • Maxus
  • Mazda
  • McLaren
  • McMurtry
  • Mercedes-Benz
  • MG Motor
  • Mini
  • Mitsubishi
  • Modification
  • MotoE
  • Motorcycles
  • Mullen
  • Munro Vehicles
  • Neta
  • News
  • Nezha
  • Nikola
  • NIO
  • Nissan
  • Official
  • Olymp Cars
  • Opel
  • Opinions
  • Orange EV
  • Ownership Experience
  • Peugeot
  • Photos
  • Pininfarina
  • Polestar
  • Politics
  • Porsche
  • Potential Motors
  • Price
  • Project Arrow
  • Public Transport
  • Radar Auto
  • Rally1
  • RAM
  • Range
  • REE
  • Renault
  • Renders
  • Review
  • Rimac
  • Rivian
  • Rolls-Royce
  • Rosenbauer
  • Rumors
  • Safety
  • SAIC Motor
  • Sales
  • Scania
  • Scout Motors
  • Seat
  • Seres
  • Skoda
  • Smart
  • Software
  • Sono Motors
  • Sony
  • Sony Honda Mobility
  • Sport
  • Ssangyong
  • Study
  • Subaru
  • Suzuki
  • Tata Motors
  • Tesla
  • Test Drive
  • Tevva
  • Togg
  • Toyota
  • Vauxhall
  • Video
  • Videos
  • VinFast
  • Volkswagen
  • Volta Trucks
  • Volvo
  • Voyah
  • Wuling
  • Xiaomi
  • XPeng
  • Yamaha
  • YangWang
  • Zeekr
  • Zhiji

Site Links

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • About Us
  • Advertising
  • Contact
  • Cookie Policy
  • GDPR Privacy policy
  • Home 1
  • Home 2
  • Home 3
  • Listings
  • Newsletter
  • Popular
  • Privacy Policy
  • Shop
  • Support EVMagz

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Hey Friend! Get the latest electric vehicles news straight into your inbox!

Don't worry, we don't spam

Close this popup