Porsche Automobil Holding SE (POAHY)
- Reuters
Volkswagen holds keys to Porsche's race against Ferrari
Porsche AG's ability to close a hefty valuation discount to top rival Ferrari could hinge on whether its main owner, Volkswagen, is prepared to take a step back, giving the German sports car maker more freedom to cut costs and shape its future. The maker of the iconic 911 has started the seventh quarter since its listing with a discount to Ferrari on a price-to-earnings (PE) basis just off a record 69%, disappointing hopes it could command a luxury-like valuation. 2024 is shaping up to be a transition year, as Porsche AG launches several new models, keeping a lid on margins ahead of a more promising 2025 for the company that is 75.4% owned by Volkswagen.
- Reuters
Porsche partners with ClearMotion for its smooth suspension tech
German luxury automaker Porsche has partnered with ClearMotion to validate the U.S. startup's active suspension technology and road-reading software and has signed a licensing agreement for its technology, the companies said on Tuesday. ClearMotion CEO Zack Anderson declined to say which Porsche models the company's technology could be used for, but told Reuters it could be used in any electric or combustion-engine model without any need to redesign those vehicles. "Vehicle-motion is the next frontier in delivering a markedly superior experience for drivers and passengers," Ingo Albers, Porsche's vice president for drive systems said in a statement.
- Zacks
Is Porsche Automobil Holding SE (POAHY) Outperforming Other Auto-Tires-Trucks Stocks This Year?
Here is how Porsche Automobil Holding SE Unsponsored ADR (POAHY) and Toyota Motor Corporation (TM) have performed compared to their sector so far this year.
