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Daimler AG vs. Elon Musk: Twitter War

Daimler AG vs. Elon Musk: Twitter War

Daimler AG vs. Elon Musk

In September 2017, a duel between Daimler AG and Elon Musk occurred on Twitter. Daimler, the owner of Mercedes-Benz, was called out by Elon Musk about electric car investments. The entire dispute began when Musk posted a story from USA Today. This story discussed Mercedes-Benz $1 billion investment into the electric cars market. This led to Elon Musk stating that Mercedes-Benz should’ve invested more into the market, a recommendation of $10 billion dollars.

Elon  Calls Out Daimler on Twitter

On September 24, 2017, Elon Musk tweeted out “That’s not a lot of money for a giant like Daimler/Mercedes. Wish they’d do more. Off by a zero.” This post, by such a well-known person, immediately caught the eyes of Daimler AG. They responded the next day, on the 25th of September, with a firing back statement.

Daimler “Fires Back” at Musk

Daimler Response to Elon Musk - Twitter - EuroDrift

Daimler Response to Elon Musk – Twitter – EuroDrift

“You’re absolutely right @elonmusk. Here the missing zero: Investing >$10bn in next genE Vs & >$1bn in battery prod…”. In this tweet, Daimler calls out Elon Musk stating that they are investing over $10 billion into the next-generation EVs as well as $1 billion into battery production. Besides the poor quality of grammar in the response, this is seen as Daimler “shooting back” at Tesla’s Elon Musk. After this response, Elon Musk responded with an extremely simple tweet “Good”. In response to another tweet at Daimler, they responded “I am sorry but we’ve announced this investment back in 2016”.

Daimler Addresses Other Tweets with More Backing Information

Another statement by Daimler in response to another tweet is as follows: “the smart was the first #EV in mass-production since 2007. We are working on Evs for over 100 years and we believe in it’s potential”. Although the Smart is the first EV, it is definitely not a top choice for many car enthusiasts. Honestly, it is surprising that Smart still exists today. Regardless, Daimler seems confident about their investment into EV and makes a substantial claim of working with it for over 100 years. Whether or not that is a stretch, Daimler will be pushing forward into the EV market with Mercedes-Benz over the next few years.

   The True Battle of the EVs is Yet to Come

Overall, the Twitter war between Daimler and Elon Musk wasn’t really a true battle. It was simply the fact that Elon wasn’t properly informed of these investments and Daimler aimed to clear it up. This minor dispute led to a spill out of over reacting by the community. Elon was most likely happy to hear that Daimler was investing more into the EV market. In the end, people may say Daimler won this dispute but the true battle of the EVs will occur over the next 5-10 years.

Koenigsegg “Ragnarok”: The Agera’s Rumored Successor

Koenigsegg “Ragnarok”: The Agera’s Rumored Successor

Rumors Spread on Successor of Agera

Recently, in the auto news industry, rumors are spreading about the successor of the Agera. The name is believed to be from a “reliable source close to Koenigsegg”, according to The Supercar Blog. This name is the Koenigsegg Ragnarok. Unrelating, this may strike a reminder to the Thor: Ragnarok film that hit theatres in 2017 with slightly over $850 million in worldwide revenue. Just a quick reminder, this is the film where Chris Hemsworth plays Thor in protecting against the destruction of the gods and world. Furthermore, the word “Ragnarok” translates to “the Doom of the Gods” in old Norse. During this event, the mythical cycle ends, and the cosmos is destroyed, then recreation takes place. So, with a name like this, the Koenigsegg Ragnarok should rattle the hypercar realm.

An Expectation of Performance Figures

“We’re talking 0 to 250 mph in 14 seconds or something like this. It’s like, black marks all the way up to 250 mph.” – Christian von Koenigsegg, Founder & CEO of Koenigsegg (During Interview with Top Gear)

Under the hood, the Koenigsegg Ragnarok will most likely sport the twin-turbo V8 seen in the Agera RS, but even better. The horsepower range will be around 1,400, at least 40 over the Agera RS that could reach almost 278 mph at top speed. Now, prepare yourself to be taken back by the expected performance. Koenigsegg wants the Ragnarok to reach 250 mph in only 14 seconds, leaving rubber the entire way behind. With the combination of a V8, 23 psi boost from the turbo, and a ratio of 8.8:1 instead of 9.5:1, this car could feed 32 psi for an instant 600 horsepower boost. Phew! That’s one hell of a performance. Honestly, hopefully it will happen as it is true insanity for a production vehicle of any type. With this car, Koenigsegg hopes to hold back the Tesla Roadster’s advantages.

Targets Set on the Tesla Roadster

Tesla Roadster - Front Corner in Motion - Manufacturer Picture - EuroDrift

Tesla Roadster – Front Corner in Motion – Manufacturer Picture – EuroDrift

“We kind of had our future mapped out, and then we heard about the new Tesla Roadster and its insane acceleration numbers, and we thought ‘damn, that’s put the gauntlet down. We thought, ‘this is not okay’”. – Christian von Koenigsegg, Founder & CEO of Koenigsegg (During Interview with Top Gear)

Recently, Christian von Koenigsegg, the CEO and founder of Koenigsegg, spoke to Top Gear about the Tesla Roadster. Initially, Koenigsegg didn’t truly believe the performance expectations for the Tesla. But, unfortunately, Elon Musk wasn’t lying when we spoke of the insane acceleration in the Roadster. Now, the Koenigsegg Ragnarok will most likely be Koenigsegg’s attempt to strike back.

“We wondered whether it was possible, and yeah, it’s possible. Then we thought, ‘okay how do we deal with it? This is embarrassing.’ In two days we’d thought of a few things. The simplest way of putting it is like this: it’s combining direct drive with the hybridization we have in a different format with Freevalve engine technology, in a peculiar layout.” – Christian von Koenigsegg, Founder & CEO of Koenigsegg (During Interview with Top Gear)

After refocusing energy from the already planned future, to a new future, Koenigsegg believes to have found a way to do it. Koenigsegg plans to use a combustion engine, versus an electric setup, to compete with the Roadster. This doesn’t make it direct competition, but it is close enough being in the same hypercar class. Their goal is to use direct drive with hybridization. Next, it’ll include Freevalve engine tech in a specific layout. Not being extremely detailed, Koenigsegg teased at this during the interview as seen above. Now, it is somewhat an expectation that the Koenigsegg Ragnarok will be the new frontier.

Koenigsegg is “Just Scratching the Surface”

IN DEPTH: Koenigsegg Factory Tour with Christian von Koenigsegg – Shmee150 – YouTube

“What we see with our engines, we’ve noticed that we’re just scratching the surface of what we can achieve.” – Christian von Koenigsegg, Founder & CEO of Koenigsegg (During Interview with Top Gear)

According to Christian von Koenigsegg, the company is “just scratching the surface”. With the Koenigsegg Ragnarok, the auto industry will rattle from the wrath of power. Although nothing is truly known, the car will display at the 2019 Geneva Motor Show in March of 2019. At this show, the world will see the future of the hypercar realm. If the power figures are true, this is an Earth car fit for Thor, maybe somewhat of what he’d expect in Asgard. In conclusion, the Koenigsegg Ragnarok’s name may, or may not, be correct, but the car will be a beast.

Note: There are no pictures of the “Ragnarok” currently available. The main picture for the post is of the Koenigsegg Regera. Thanks for understanding!

Mercedes-AMG G65 Final Edition: The End of the Gelandewagen Era

Mercedes-AMG G65 Final Edition: The End of the Gelandewagen Era

Mercedes-AMG G65 Final Edition

The Mercedes-Benz G-Class has been an extravagant, iconic SUV since its debut in 1979. Initially starting with I4, I5, and I6 motors, the car has grown to become a rare spectacle. Currently, the G65 AMG sports a V12 motor that turns this SUV into a true beast. Unfortunately, Daimler AG, the owner of Mercedes-Benz, has decided it is time to let go of the prized V12 option. So, unfortunately, Daimler is releasing a final version called the Mercedes-AMG G65 Final Edition.

MSRP of $252,690 with 65 Limited Editions Worldwide

While the non-AMG G-Class starts at a MSRP of $122,400, the Final Edition is expected to cost around $252,690. Yes, 2 times as much as the base model. This price is not 100% official in the United States yet, but sources state the value was obtained from Mercedes-Benz. Limited to only 65 worldwide, the G65 AMG will have 30 for sale within the U.S. very soon. Obtaining one of these limited SUVs will be difficult and may be reserved for Mercedes top customers.

Symbolic Matte Bronze Trim

The Mercedes-AMG G65 Final Edition’s attractiveness begins with a matte bronze trim on the exterior. The matte bronze trim can be seen on the front bumper, mirrors, and wheels. On the inside, black Nappa leather is accented by carbon fiber with interwoven bronze accents. Even the passenger handle has a specialty badge for those “oh shit” moments. At least, your passenger can hold on for dear life in style when you accelerate this beastly SUV.

6.0-Liter Twin-Turbo V12 with 630 HP and 730 Lb.-Ft. of Torque

In the engine bay, a twin-turbo 6.0-liter V12 boasts an obnoxious 630 horsepower and 738 lb.-ft. of torque. This allows the SUV to hit 60 mph in only 5.3 seconds. Mercedes-AMG limits the SUV to a top governed speed of 143 mph, faster than anyone needs to go in a SUV. Considering the G65 has the same engine as a S65, the true top speed can be expected to be around 170-180 mph. Now it only makes sense that they limited it… going that fast in a SUV would probably prove deadly, very fast.

The End of the Gelandewagen Era

Overall, the Mercedes-AMG G65 Final Edition is a farewell to the G-Class and it’s V12 engine. Mercedes plan is to replace the G-Class with an all-new, similar vehicle with smaller engine options. Don’t worry, smaller engines don’t signal the loss of enormous power as many manufacturers have proven in the last few years. Regardless, the G65 Final Edition is a mean machine that can go through 2 feet of standing water and climb 27 degree slopes. On top of that, the G65 can tilt 20 degrees sideways before it may tilt over. In the end, the G-Class was an iconic symbol of wealth through the years and it’s lifetime has come to a demise.

How Did North Korea Obtain Luxurious Maybach Limousines?

How Did North Korea Obtain Luxurious Maybach Limousines?

Daimler Claims No Knowledge on North Korea’s Auto Fleet

In recent auto news, spectators have pointed out that Kim Jong-un cruises about on his summits in Mercedes luxury vehicles. As everyone knows, Maybach is basically an even more luxurious Mercedes, at a much steeper price. Daimler AG, the Stuttgart-based company, states that the company has no knowledge on how North Korea obtained these vehicles. Currently, the UN has sanctions in place to prevent North Korea from the sale of luxury goods. This rule includes all luxury automobiles, such as Mercedes-Benz. So, how did North Korea obtain these vehicles? Probably from another country that doesn’t care for the UN sanctions.

Honestly, these vehicles aren’t brand new – so it seems like Kim is riding around in someone else’s leftovers. It could be China, it could be Russia, but honestly, nobody truly knows – except the people involved in the trade. So, let’s not point fingers… yet!

Mercedes Maybach S600 Pullman Guard & S62 Models

Mercedes Maybach S600 Pullman Guard - North Korea's Kim Jong-un Waving from Limo - Side Window View - REUTERS - EuroDrift

Mercedes Maybach S600 Pullman Guard – North Korea’s Kim Jong-un Waving from Limo – Side Window View – REUTERS – EuroDrift

The news surrounding North Korea’s use of Daimler vehicles points towards two specific models. Not surprisingly, both of these models are the crème of the crop – Maybach. Kim Jong-un may not have the newest vehicles, but he has a sense of style. The Mercedes Maybach S600 Pullman Guard and Mercedes Maybach S62 are quite phenomenal vehicles. The brand new S600 Pullman Guard starts at a MSRP of $1,600,000. Yes, 1.6 million USD.

But, what about a used model? Honestly, trying to figure out depreciation or collectible value on a vehicle like this is like cavemen developing a rocket ship. It could be possible, but good luck figuring it out.

Traveling Abroad in Maybach Luxurious Vehicles

North Korea’s Kim Jong-un accompanied by running bodyguards on his way to Hanoi – euronews (in English) – YouTube

So, now the world knows – Kim Jong-un travels abroad in luxurious Maybach vehicles. These vehicles were seen in use during meetings with U.S. President Donald Trump and Russian President Vladimir Putin. At the same time, North Korea’s “Secret Service” runs alongside the limo, protecting it from any threats. Honestly, that may be one of the most entertaining portions of his arrival. Watching those men sprint alongside the limo while being vigilantly alert is quite amusing. What happens if someone trips? Do they leave that man behind? Hopefully, that doesn’t happen.

Mercedes Maybach S600 Pullman Guard - North Korea's Kim Jong-un's Limo Leaving Summit - Rear in Motion - REUTERS - EuroDrift

Mercedes Maybach S600 Pullman Guard – North Korea’s Kim Jong-un’s Limo Leaving Summit – Rear in Motion – REUTERS – EuroDrift

Overall, nobody is currently willing to confirm the seller of these fine Maybach vehicles to a sanctioned nation.

Note: All pictures are the property of REUTERS.

Mercedes-Benz SLS AMG: A Gull-Wing Masterpiece

Mercedes-Benz SLS AMG: A Gull-Wing Masterpiece

The Original SLS AMG 2-Door Coupe

From January 2010 to January 2014, Daimler AG produced the Mercedes-Benz SLS AMG 2-door coupe. The base version of this car ranges in model year from 2011 to 2015. The original assembly was at a location in Sindelfingen, Germany. The 2-door SLS AMG coupe is an FMR layout with a transaxle. The biggest designation of the SLS is the gull-wing doors. But, there is a lot more to this car than it’s aesthetically pleasing exterior.

6.2-Liter M159 DOHC V8 Engine

Mercedes-Benz SLS AMG - Engine Bay - Fabspeed Open House & Exotic Car Meet 2017 - EuroDrift

Mercedes-Benz SLS AMG – Engine Bay – Fabspeed Open House & Exotic Car Meet 2017 – EuroDrift

The Mercedes-Benz SLS AMG is a gullwing that performs on the road and track. With a 6.2-liter M159 DOHC V8 engine, this car cranks out 563 horsepower. Supporting the horsepower is 479 lb.-ft. of torque. This motor works in conjunction with a 7-speed dual-clutch transmission. From 0 to 60 mph, the SLS AMG takes only 3.7 seconds. On the quarter mile, the SLS AMG reaches the end in only 11.7 seconds at 125 mph. Lastly, the top speed is a staggering 197 mph, almost 200… almost.

Mercedes-Benz SLS AMG - Interior - Fabspeed Open House & Exotic Car Meet 2017 - EuroDrift

Mercedes-Benz SLS AMG – Interior – Fabspeed Open House & Exotic Car Meet 2017 – EuroDrift

But, at these speeds, the car can still terrify those afraid of quick accelerations. In the event of a rollover, the SLS AMG doors contain explosive bolts that sense a rollover to separate for ease of exiting. This is an important aspect of racing in this car, as being stuck inside could be deadly. Fortunately, Mercedes is usually ahead of the game when it comes to safety. This may help those with worries about this car on the road.

A Beautiful Automotive Masterpiece

Here’s Why the Mercedes SLS AMG Is Worth $185,000 – Doug DeMuro – YouTube

The Mercedes-Benz SLS AMG is simply put, a beautiful automotive masterpiece. Even though this car is not produced anymore, it still can sell for over $200,000 in great condition. With a roaring V8 and gull-wing doors, who wouldn’t want to drive this car? Vrooming around town in this car is sure to attract a lot of attention. In conclusion, the SLS AMG is a beastly automobile meant for car collectors worldwide.

Note: The featured image is the only picture that is not the property of EuroDrift. This image is by user M 93 on Wikimedia Commons.

Mercedes-Benz SLS AMG - Rear - Fabspeed Open House & Exotic Car Meet 2017 - EuroDrift

Mercedes-Benz SLS AMG – Rear – Fabspeed Open House & Exotic Car Meet 2017 – EuroDrift

Ferrari Makes $80k per Vehicle Sold

Ferrari Makes $80k per Vehicle Sold

An Analysis of Auto Profitability

The newest study by German economics professor, Ferdinand Dudenhoeffer, shows us that there is very little correlation between large production numbers and profitability in the automotive markets. Basically, it completely depends on the brands business strategy. But, one manufacturer stands out from the rest… Ferrari.

Ferrari is Making Bank!

2019 Ferrari Portofino - Open Convertible Top Front Corner - Manufacturer Picture - EuroDrift
2019 Ferrari Portofino – Open Convertible Top Front Corner – Manufacturer Picture – EuroDrift

Dudenhoeffer’s study for, the Center for Automotive Research (CAR), reveals that the most profitable brand at the moment is Ferrari. For the first six months of the year, the Italian supercar company reported an operating profit of  €69,000. That’s approximately $80,000, for every new car sold.

If you take into account other revenue streams like accessories, then the profit per car rises to a staggering $90,000. For a company that only produces about 7,000 vehicles per year, they have proven that brand identity has a lot to do with profitability in the automotive industry.

Profitability Comparisons

Cash - Necessary for Purchase of 250 GTO - Pixabay - EuroDrift
Cash – Necessary for Purchase of 250 GTO – Pixabay – EuroDrift

So, just how impressive is that $80,000 figure?

  • Jaguar nets approximately $927 per car.
  • Daimler AG gets about $5,000 in profit for each of their vehicles.
  • Maserati comes in at $5800.
  • Porsche collects $17,250 per vehicle, making it one of the highest of the European brands.

As you can see, Ferrari makes more than quadruple what the others do.

Even though Ferrari outstrips their competition, Porsche is nearly twice as profitable as their rivals Mercedes-Benz, BMW, or Audi. Both Maserati and Volvo are also about half as profitable as Porsche and twelve times less than Ferrari.

Profit and Sales

Paying CASH for a New Ferrari !!! – Mo Vlogs – YouTube

The Ferrari brand has built its success on exclusivity and luxury. If they mass-produced their cars, they would not have a balance between demand and supply and they could not command their higher prices. Conversely, if Volvo doubled their prices to increase profitability, they would see a decrease in sales because their markets would not support the move.

In the end, profitability per car is interesting and in the case of Ferrari, just a bit mind-boggling. However, this manufacturer sells about 7000 cars per year for a rough estimate of $560 million dollars and Porsche sells somewhere around 245,000 cars for about $4.2 billion dollars. In the end, it’s all about the bottom line.

Who Invented the First Automobile?

Who Invented the First Automobile?

There is No Straightforward Answer

Nowadays, automobiles are a part of daily life every day for many people worldwide. This can lead a person to wonder, who invented the first automobile? Well, there is no true straightforward answer. According to the Library of Congress, Karl (Carl) Benz is the inventor of the automobile. The history of building automobiles dates back to Leonardo da Vinci’s designs in the 15th century. On top of this, there are many different types of auto designs including electric, gas, and steam engines. Furthermore, there are numerous styles that differentiate vehicle types.

Before Karl Benz (1769 to 1839)

Le Fardier de Cugnot à Rétromobile – Johann Marmier – YouTube

From 1769 to 1839, the debate of who invented the first automobile begins. Starting with Nicholas-Joseph Cugnot from France. In 1769, Cugnot built the first steam self-propelled road vehicle. This was a military tractor for the French army with three wheels and a top speed of 2.5 mph. As it was a self-propelling vehicle, many debate if this was the first official vehicle. Next, from 1832 to 1839, Robert Anderson from Scotland worked on an electric carriage design. This electric carriage was the next tip of the debate, but not much else is available on this setup.

Karl Friedrich Benz (1885-1886)

The First car ever running live! The Benz Motorwagen (1885) – SquirrelAndRope – YouTube

Karl Friedrich Benz is the Library of Congress’ answer to “who invented the first automobile?”. From 1885-1886, Benz built the first “true” automobile. This vehicle uses gasoline as the power source. Furthermore, the vehicle features an internal combustion engine. This engine has a three wheel and four-cycle setup. The engine and chassis form a single unit. Lastly, this invention has a patent in Germany. For further information, look into Germany Patent DRP No. 37435.

After Karl Benz (1876-1893)

Gottlieb Daimler | automobile inventor – Daimler AG – YouTube

After Benz, there are three further people who some say are responsible for the automobile. So, Karl Benz is the Library of Congress’ answer to “who invented the first automobile?”, but others may digress. In 1886, Gottlieb Wilhelm Daimler and Wilhelm Maybach from Germany built the 1st four wheel, four-stroke engine setup. This gasoline vehicle is known as “Cannstatt-Daimler”. Next, there is George Baldwin Seldon in 1876 and 1895 from the United States. Selden’s design is a carriage with a internal combustion engine. This gasoline automobile was never manufactured but has a patent (patent no: 549,160 from 1895). Selden did however collect royalties for this design.

Lastly, there is Charles Edgar Duryea and his brother Frank. Located in the United States, the Duryea brothers design the first successful gas-powered car. This vehicle has a 4 horsepower two-stroke motor. Furthermore, the Duryea brothers also setup the first American car company. So, if someone wonders, “who set up the first American car manufacturing company?”, here’s your answer. Regardless, each of these designers have some type of contribution to the modern-day evolution of cars. For now, let’s skip the debate of who invented the first SUV or sports car.

Special Thanks to Karl Friedrich Benz

World’s First Car! – Veritasium – YouTube

Overall, the answer to “who invented the first automobile?” stands for Karl Friedrich Benz. At least, according to the Library of Congress. Obviously, this decision wasn’t the easiest and should be respected as one of the top possibilities. Regardless, anyone who owns a vehicle owes a special thanks to Benz. This man’s invention made possible what human life is today. Without automobiles, the world would drastically change back in time. Every single day, millions of people drive cars to get to work, go shopping, or hang with friends. In conclusion, thank you Karl Benz, for providing the path for modern transportation.

Reference: Library of Congress –

Smart Vision EQ ForTwo Concept Car: A Perspective for the Future

Smart Vision EQ ForTwo Concept Car: A Perspective for the Future

Smart Vision EQ ForTwo Concept Car

In 2017, Smart displayed their newest invention at the Frankfurt Motor Show in the form of a musical. Smart is a small vehicle company owned by Daimler AG, the same parent company as Mercedes-Benz. The Smart Vision EQ ForTwo Concept is a self-driving intelligent vehicle that will be the future of “urban luxury”. Powered by a 30 kilowatt lithium-ion battery, the ForTwo will be fully autonomous. The vehicle will not be personally owned but rather an alternative means of transportation.

The ForTwo Will Analyze Passenger Compatability

The Smart Vision EQ ForTwo Concept car will pick up passengers on demand. Similar to Uber Pool and Lyft Line, the ForTwo will allow passengers to “split” expenses. The ForTwo will use advanced technology to analyze passengers Facebook pages for compatibility information. Examples of this include music preferences, Facebook likes, and profile information. The first rider can decline the matching option unlike the second rider. If privacy is a concern, the bench seat turns into a two-part barrier.

“…Cars Should Make Use of Themselves…”

The goal of the ForTwo is to have an autonomous, connected, electric, and shareable vehicle. The purpose of this is to reduce emissions, noise pollution, and traffic in the city. “The basic idea is that cars should make use of themselves in the city” said Dieter Zelsche, chairman of Daimler AG’s Board of Management. At level 5 of 5 on the self-driving scale, the ForTwo will pursue the highest automation specs possible. This car fits in the Mercedes-Benz concept to deliver 10 electric vehicles to market by 2020. Although, this vehicle will most likely never make it to the road.

The ForTwo Stores Passenger Preferences

To help passengers identify the vehicle, the headlights can be customized to a specific color for distinguishability. Once the passenger enters the ForTwo, the car will greet the passenger with their profile picture. The ForTwo will also store preferences such as in-car entertainment, places, and routes. When the ForTwo runs low on juice, it will automatically recharge at the closest recharging station. Another unexpected perk is that the ForTwo can connect and feed the grid as a “swarm battery”. Lastly, the side panels of the vehicle can display news, sports scores, time, and weather information while not in motion.

The Smart Vision EQ ForTwo Concept is the Future

Overall, the Smart Vision EQ ForTwo Concept car is a vision of the future. From its fully autonomous function to its customizability per passenger, it is a leap forward in the automotive realm. The ForTwo Concept is the type of the vehicle that will inevitably replace the jobs of many drivers worldwide. At this level of technology, the vehicle can provide the feeling that it is your own. In the end, the movement of autonomous vehicles will clearly alter the world from what it is today.

Porsche Aims to Increase Taycan Production Due to Demand

Porsche Aims to Increase Taycan Production Due to Demand

High Demand for the Taycan

Due to strong demand, Porsche plans to increase Taycan production beyond 20,000 units per year. The Porsche Taycan is an all-electric vehicle, previously known as Mission E, that is taking the market by storm. Porsche received so many early reservations on the Taycan, that it is building a facility specifically for it. In Zuffenhausen, Germany, Porsche will build the Taycan at its own facility. Furthermore, this facility even includes an assembly line and paint shop. That means that the manufacturer has very high hopes for this model. With production beginning mid-2019, Porsche is getting ready to surge the auto market.

Basics About Porsche Taycan

Porsche Mission E - Side with Open Doors - IAA 2015 - Wikimedia - EuroDrift

Porsche Mission E – Side with Open Doors – IAA 2015 – Wikimedia – EuroDrift

Under the hood, the Porsche Taycan does not have a typical Porsche V6 or V8. But, this car does sport two permanently excited synchronous motors. These work in combo to produce over 600 horsepower. This power level will allow the Taycan to reach 60 mph in under 3.5 seconds. Furthermore, Porsche expects the Taycan to hit 124 mph in 12 seconds. Finally, with a 800 volt battery, the car can charge for 250 miles in around 15 minutes.

The Future of Porsche is Coming

Adam Levine drives the Mission E at the Porsche Experience Center Los Angeles – Porsche – YouTube

Overall, Porsche seems to be opening up more and more to electric vehicles. With the Porsche Taycan, the company will “dip its toes” into the electric auto market. This will surely shape the future of the company moving into the electric rush of the 2020s. Other companies are already working towards major releases such as the Audi E-Tron GT, the BMW iNext Vision, and the Mercedes-Benz Vision Urbanetic. Currently, the Taycan will be split between the Cross Turismo and sedan variants with a Targa version possible in the future. Surprisingly, the largest demand for this car was in Norway with 3,000 paid down payment orders. Usually, Porsche only sells 600 total cars in this country. In conclusion, the Porsche Taycan is sure to stir up the electric auto market, including Tesla.

Porsche Mission E - Rear Corner - IAA 2015 - Wikimedia - EuroDrift

Porsche Mission E – Rear Corner – IAA 2015 – Wikimedia – EuroDrift

Aston Martin Now Offering IPO at $24!

Aston Martin Now Offering IPO at $24!

Americans Miss Out on the Aston Martin IPO

Yes! The iconic sports car manufacturer, Aston Martin, plans to go public, and for $24 you can own a piece of their company. Well, unless you live in America, that is.

Aston Martin produces one of the world’s most well-known luxury brands. Thanks to James Bond, we will ever view them as luxurious and elegant. Plus, the whole spy thing makes us think of the Aston as high-tech.

(In case you didn’t know:  they’ve even made a limited number of the DB5 models with all of those spy gadgets included.)

Aston Martin Goldfinger DB5 - Scene from Goldfinger Movie - Front - Manufacturer Pictures - EuroDrift
Aston Martin Goldfinger DB5 – Scene from Goldfinger Movie – Front – Manufacturer Pictures – EuroDrift

The news is that the British carmaker plans to begin trading on the London Stock Exchange in October. This would make them the first British automaker to go public.

Unfortunately, American investors will NOT be able to participate in the IPO. The company has chosen not to list its shares in the United States.

Who Owns Aston Martin?

2019 Aston Martin DBS Superleggera - Front in Motion - Manufacturer Picture - EuroDrift
2019 Aston Martin DBS Superleggera – Front in Motion – Manufacturer Picture – EuroDrift

The principal owners of the company are various private-equity firms in Italy, Kuwait, and Germany. It is some of these firms that are selling off their stakes in the company to the public. Daimler, the German group, is not selling.

Aston Martin is not issuing new stock, nor is it attempting to raise additional capital.

Aston Martin says that 25% of the company shares will go to the public. Estimates put this figure at 56,305,622 to 57,380,3000 shares. Also, based on a statement by company executives last week, the cost to purchase a stake in the company should be around $24.

Business as Usual

AutoComplete: Aston Martin starts the paperwork for an IPO – Roadshow – YouTube

Penny Hughes will chair the post-IPO Board of Directors. Penny has served on a number of boards and works as an executive at Coca-Cola. Aston Martin will continue its direction under the leadership of CEO, Andy Palmer. He will also serve as a board member.

Note: The featured image of the NASDAQ display is by bfishadow of Flickr.

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