Porsche AG
They Are the Heirs of Nazi Fortunes, and They Aren’t Apologizing
In 2016, BMW’s charitable arm was consolidated under the name BMW Foundation Herbert Quandt. It is now a major global charity, with about $150 million in assets, supporting sustainability goals and impact investing. Stefan Quandt and Ms. Klatten are among its founding donors. If the foundation’s website is to be believed, Herbert Quandt’s entire biography […]
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After Burning for Days, a Ship Carrying Thousands of Luxury Cars Sinks
Two weeks after catching fire, a mammoth ship that was transporting thousands of luxury cars sank on Tuesday morning about 253 miles off the Azores, according to the company that managed the vessel. The ship, the Felicity Ace, went down at about 9 a.m. local time after tilting starboard, plunging about 4,000 cars — including […]
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Why This Could Be a Critical Year for Electric Cars
Sales of cars powered solely by batteries surged in the United States, Europe and China last year, while deliveries of fossil fuel vehicles were stagnant. Demand for electric cars is so strong that manufacturers are requiring buyers to put down deposits months in advance. And some models are effectively sold out for the next two […]
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