Porsche

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Carousel fraud ring involving fictitious companies caused a VAT loss of over €10 million – The money laundering through Jaguar, Porsche & luxury vacations

A mammoth criminal case for cross-border fraud with a loss of revenue for the Greek state of more than €10 million, has been brought before the Greek authorities.

Porsche adjusts goals

Porsche is scaling back its ambitions for electric vehicle sales due to weaker-than-expected dynamics in key markets, including Europe. The automaker has officially stated that the transition to electric vehicles will take longer than anticipated by most manufacturers and the EU.

Vintage cars show racy past of Iran’s toppled royalty

Before they were ousted by the 1979 Islamic revolution, Iran's royal family enjoyed a lavish lifestyle with a taste for fast cars quite unlike any ever built.

Now, after half a century hidden away, the royal racers are back on show, with the Iran Historical Car Museum drawing in thousands since it opened to the public in recent weeks.

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