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Lisi Niesner - 1 Karl Dums - 1 Dums - 1 Morgan - 1 Massimo Fumarola - 1 Fumarola - 1 Mike Flewitt - 1 Nick Carey - 1
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☆ Porsche's iconic 911 to be sole survivor of automaker's combustion models
  + stars: | 2023-07-26 | by ( Nick Carey | ) www.reuters.com   time to read: +3 min
[1/3] FILE PHOTO-A Porsche 911 Carrera S is on display during the 75 years Porsche sports car exhibition "Driven by Dreams" in Berlin, Germany, January 25, 2023. The automaker will electrify its compact SUV Macan, followed by the 718 sports car and then the best-selling Cayenne, Porsche e-fuels team leader Karl Dums said. Porsche's EV plans and e-fuels investment are separate, he said. Major automakers will likely avoid new e-fuel models after 2035, having already committed $1.2 trillion to electrification. A host of smaller carmakers also want to sell luxury, high-performance e-fuel models to customers rich enough to afford the expensive fuel, which today can cost up to 10 pounds ($12.90) per liter.
Persons: Lisi Niesner, Karl Dums, Dums, Morgan, Massimo Fumarola, Fumarola, Mike Flewitt, Nick Carey, Paul Lienert, Victoria Waldersee, Giulio Piovaccari, Matthew Lewis Organizations: Carrera, Porsche, REUTERS, EU, HIF Global, Automotive, Ferrari, Morgan Motor, Briggs Automotive Company, Victoria, Thomson Locations: Berlin, Germany, Malvern , England, U.S, Liverpool, EVs, London, Detroit, Milan
☆ Why Porsche is investing $100 million on eFuels to keep its cars on the road
  + stars: | 2023-05-05 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +3 min
Porsche has invested more than $100 million in the development of eFuels. "With this approach we have another lever, another opportunity to reduce the CO2 footprint for the combustion engine-driven cars," said Karl Dums, senior manager of eFuels at Porsche. "Electric cars are more expensive to produce, so they are margin dilutive," said Daniel Schwarz, managing director at Stifel. "And Porsche managed to increase the share of electric cars and increase the profitability in parallel." But critics of Porsche's $100 million push into eFuels argue the resultant fuel will be too expensive and inefficient to ever compete with electrification.
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