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Porsche Slashes Sales Forecast Amid Unexpected Alloy Shortage

Porsche AG reduces its 2024 sales and profitability outlook due to an aluminium alloy shortage, causing a significant drop in shares. The shortage impacts production and delivery schedules, with Porsche also facing challenges in EV sales and muted demand in China.

Lamborghini Unveils Hybrid Supercar in South Korea Amid Record Sales

Lamborghini's Urus SE hybrid debut in South Korea aims for continued success in the luxury market. With record sales and a focus on sustainability, the brand anticipates another strong year.

Not much for EVs but here’s how both Hybrid and EVs will benefit from Union Budget

The 2024 Union Budget supports India's EV sector with import duty waivers on critical minerals and copper, aiming to cut costs and boost local manufacturing.

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