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Detroit Auto Show presents electric future, but life outside the showroom is gas-powered

Porsche sees electrification targets jeopardized by chip crisis, expects chip shortage to continue for several more years; company needs significantly more chips to meet plans to have EVs account for over 50% of sales by 2025, 80% by 2030

Volkswagen seeks up to US$71.5B valuation in Porsche IPO, making it one of Europe’s largest-ever IPOs; Porsche board to list shares between €76.50 and €82.50, with trading starting Sept. 19 on the Frankfurt, Germany, Stock Exchange

Porsche IPO To comprise 911 million shares in nod to its most famous model; shares to be divided between 455.5 million preferred shares, 455.5 million ordinary shares

Audi R8 successor to go all electric by 2025; EV version of Audi supercar to use the new ‘sport’ version of Audi’s Scalable Systems Platform architecture or Porsche’s new EV platform it is developing for EV versions of 718 Boxster and Cayman

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