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ARTICLE · 17 MAY 2021

Looking To Buy A Used Car? Expect High Prices, Few Options

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Porsche plans to buy stakes in more companies this year to broaden the electric-vehicle offerings and digital services that are focal points for the future.

CanadaTransport
Crowe MacKay LLP
Crowe MacKay LLP
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PORSCHE PLANS MORE DEALS TO ADD ELECTRIC, DIGITAL TECHNOLOGY

Porsche plans to buy stakes in more companies this year to broaden the electric-vehicle offerings and digital services that are focal points for the future. The German sports-car maker is continuing to “pick up the pace on investments” in new technologies and will make “a few announcements this year,” Chief Financial Officer Lutz Meschke said in an emailed statement to Bloomberg News. Porsche's technological edge and financial muscle is vital to parent Volkswagen AG's shift toward electric vehicles.

Source: Bloomberg

CHIP UPDATES

BMW CEO Expects Chip Investment Wave to Ease Supply Crunch

BMW expects the global semiconductors shortage hobbling automotive production to be resolved in a couple of years as companies and governments work to overcome the shortfall. “There's intense focus on the issue globally, so it's to be expected for supply and demand to be back in balance within two years at the

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