Porsche (Vz)

Design chief Tobias Sühlmann presents the Mission S as a vision model that combines classic Porsche elements with a deliberately analog cockpit and forgoes large screens. Porsche emphasizes that artificial intelligence could replace screens in the future, and therefore a blend of digital and analog controls was chosen. The platform is designed to be flexible for combustion, hybrid, and electric powertrains and is intended to appeal to customers in the premium segment above the 911; media reports have cited a possible production price of around €500,000. » More on wiwo.de

Auto supplier Weber Magdeburg has applied to the Amtsgericht Konstanz for the opening of insolvency proceedings. The court appointed lawyer Jan Markus Plathner as preliminary insolvency administrator; he will assess stabilization measures on site and consider pre-financing wages for about 120 employees. Weber Magdeburg, part of the Albert Weber Unternehmensgruppe, manufactures cylinder heads and recently suffered significant order losses after losing its most important customer, Porsche. » More on t-online.de

Porsche unveils the Mission S, a new supercar with an internal combustion engine that CEO Michael Leiters intends to use to reposition the company. The model targets luxury and performance and stands in direct contrast to Tesla's electric roadster strategy. The decision reflects a strategic bet on conventional powertrains to stabilize the brand. » More on wiwo.de