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by Sam Reeves Agence France-Presse FRANKFURT, Germany (AFP) — Luxury sports carmaker Porsche will debut on the Frankfurt stock exchange Thursday in one of Europe’s biggest listings in years, hoping its brand power can attract investors despite market turbulence. Even as stocks worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car is pushing ahead with the blockbuster flotation. The initial public offering (IPO) has generated buzz in Porsche’s […]
MELBOURNE, Australia (AFP) — Top drivers led by Lewis Hamilton and Max Verstappen welcomed the “very exciting” news Friday that Porsche and Audi could be lining up on the Formula One grid in 2026. Their Volkswagen parent group told AFP on Thursday that they were in the “final phase” of a study to assess the possibility. Seven-time world champion Hamilton said ahead of Sunday’s Australian Grand Prix that he “knew about it a long time […]
BRUSSELS, Belgium (AFP) — The European Court of Justice ruled on Thursday that it had been illegal for car companies to install devices to defeat emissions tests and mislead motorists about diesel pollution levels. “A manufacturer cannot install a defeat device which systematically improves, during approval procedures, the performance of the vehicle emission control system and thus obtain approval of the vehicle,” the court said. The statement identified the manufacturer subject to the complaint as […]
