A downturn can also affect luxury cars

A downturn can also affect luxury cars

Luxury car brands should be better long-term investments than mass market ones. That doesn’t mean they’re recession-proof. Less than two weeks after its initial public offering, the Porsche POAHY -2.73% has already overtaken its majority shareholder Volkswagen VOW -1.06% in terms of market value. The comparison is simplistic, given differences in capital structure, but it … Read more

2023 Porsche 911 GT3 RS: A Street Legal Race Car

2023 Porsche 911 GT3 RS: A Street Legal Race Car

IN EVERY TEST DRIVE there comes a moment when a car reveals itself – its essence, its reason for being. In the 2023 Porsche 911 GT3 RS – a car that is to ordinary cars what Chris Hemsworth is to upper arm development – ​​the moment came last week as he lapped the Silverstone Circuit … Read more

Porsche’s Debut Turned Out to be a Ho-Hum. Volkswagen Didn’t Have Such Luck.

Porsche’s Debut Turned Out to be a Ho-Hum. Volkswagen Didn’t Have Such Luck.

Sometimes markets can be funny. Porsche stock was rising while Volkswagen which owns most of Porsche stock, was falling. That reaction is likely to confuse some investors. The IPO of Dr Ing HC F Porsche, which is better known as just Porsche, is now complete and Porsche shares have begun trading under the very appropriate, … Read more

VW Priser Porsche IPO på Top of Range

VW Priser Porsche IPO på Top of Range

Tysklands Volkswagen AG LØFTE 1,77 % sagde onsdag, at det havde prissat den første børsnotering af Porsche AG EKSPLODERET 3,67 % i den øverste ende af det målrettede interval, hvilket sætter børsnoteringen på vej til at blive en af ​​Europas største i mere end et årti. Udbuddet af foretrukne aktier værdier Porsche til mere end … Read more

Hedge fund Millennium’s €126 million Porsche short signals bearish IPO bid

Hedge fund Millennium’s €126 million  Porsche short signals bearish IPO bid

Ahead of Volkswagen’s IPO of Porsche AG in a few weeks, the hedge fund Millennium International Management has built up a large short position in Porsche SE. According to data from research firm Breakout Point, Millennium disclosed a position representing 0.6% of the company’s shares on September 14th. A rough estimate based on current market … Read more

VW sets price range for Porsche IPO, valuing automaker at up to $78 billion

VW sets price range for Porsche IPO, valuing automaker at up to $78 billion

BERLIN—Porsche AG shares are set to begin trading Sept. 29 in one of the biggest European IPOs in years, raising up to $9.4 billion and valuing the sports car maker at as much as $78 billion. Porsche’s parent company, German auto giant Volkswagen AG, priced the public offering of preferred shares in line with average … Read more

New Ford Mustang sticks with gas engine

New Ford Mustang sticks with gas engine

Ford Motor co. F -0.54% plans to unveil its next-generation Mustang sports car on Wednesday in an effort to appeal to enthusiasts who still want to feel the rumble of an engine under the hood. The Dearborn, Mich., automaker is set to show off the new model — its first redesign of the Mustang in … Read more

Volkswagen is one of the cheapest stocks. A Porsche IPO could change that.

Volkswagen is one of the cheapest stocks.  A Porsche IPO could change that.

With the exception of Tesla automakers are out of favor with investors. Their shares have some of the lowest price/earnings multiples in the stock market. Concerns include an expensive transition to electric vehicles over the next decade, and the durability of currently high profitability with a potential recession looming in late 2022 or 2023. Volkswagen … Read more

Volkswagen to List Porsche in One of Biggest IPOs in Years

Volkswagen to List Porsche in One of Biggest IPOs in Years

The offering could value Porsche at between 60 billion euros and €85 billion, equivalent to between $59.8 and $84.6 billion, according to analyst estimates, injecting fresh cash into VW’s coffers that executives say will help the company bankroll its transition to electric vehicles and self- driving cars. VW plans to make just 12.5% ​​of Porsche … Read more

Volkswagen’s poor governance could give the Porsche IPO a flying start

Volkswagen’s poor governance could give the Porsche IPO a flying start

It would take a real market crash to throw Porsche’s IPO off course. Amid dire warnings about the European economy and weak stock markets, Volkswagen VOW 3.81% said late Monday that it had decided to go ahead with the minority IPO of its sports car brand. This is not as strange as it sounds: the … Read more