Tag: porsche

July 23, 2024 BY Elizabeth Anderson

Porsche Considering Buying A Stake In Varta

Bloomberg reported that, according to anonymous sources, Porsche is looking at purchasing a majority share in Varta’s e-mobility segment, underpinned by a minority holding in the overall company. According to Bloomberg, Porsche indicated that it is keeping avenues open to “keep this key technology in Germany”. Porsche has allegedly been investigating battery strategies, such as…

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September 26, 2018 BY Mariela Naydenova

Porsche is going big on blockchain and AI

Porsche, one of the world's most luxurious car brands, recently announced that it plans to make some "heavy" investments in the blockchain and AI industry. The 5-year investment plan is for $176 million, which will go towards companies whose major focus either blockchain or artificial intelligence. According to the press release, the German automobile maker…

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May 08, 2018 BY Mariela Naydenova

IOTA and Porsche unite

IOTA is currently the 9th largest cryptocurrency in terms of market capitalization with market cap of $6.7 billion, trading at $2.42 as of today. However, the price is now going up because IOTA announced a new partnership with the luxurious car producer Porsche. The 19% jump became evident after Porsche chose IOTA for a new…

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