Porsche backtracking on EV only cayman

[Milk242]

Looks like Porsche is backtracking on their only EV cayman and Boxster

It's Happening: Porsche Confirms New Gas Boxster and Cayman

Porsche has had a change of heart. The fully electric 718 will be joined by gasoline models. However, only the 'top' Boxster and Cayman are getting ICE power.

www.motor1.com

 

[Rapture]

This only makes sense and is the right move on their part.

 

[Nick Sticks]

Strange, I would have thought their share price would have risen!

Porsche shares plunge after announcing EV rollout delay

European carmakers face intense competition from Chinese rivals and weak demand for luxury cars.

www.bbc.co.uk

 

[Andrew25]

Now THIS is interesting, and obviously it's what every petrolhead was thinking would happen sooner or later. I must admit that if this was official when I was considering buying my Emira, it might have slowed down my decision.

 

[Nick in Sydney]

Well, they really had no choice, since their EV sales have been collapsing. It was backtrack, or go out of business.
Win for the petrol heads!

 

[virtualmacho]

and will they provide the engines to Lotus

 

[Quasimoto]

Only the upper trims though…

 

[VR1]

Only for GT cars I believe, so probably $150-200k.