Porsche discussed possible projects with Apple, according to CEO Oliver Blume

Volkswagen’s Porsche sports car maker has discussed the exciting joint projects that its CEO has said with the iPhone maker, but has yet to make a decision.

Porsche is also considering whether to join Formula One, but no decision has been made, CEO Oliver Blume said in a video conference on the carmaker’s annual results on Friday.

The German newspaper Frankfurter Allgemeine Zeitung reported in January that the Volkswagen watchdog would decide in late February whether to include its luxury brand Audi and Porsche F1.

Porsche also set a more ambitious target for electric vehicle sales on Friday.

More than 80 percent of newly sold Porsche vehicles will be fully electric by 2030, Porsche CEO Oliver Blume said at the group’s annual press conference.

This goal was previously applied to Porsche’s electric models, which also include plug-in hybrids.

Porsche has also maintained its long-term goal of having an operating margin of at least 15 percent, said Chief Financial Officer Lutz Meschke.

Volkswagen and its major shareholder Porsche SE have entered into a framework agreement for a potential partial listing of Porsche, which could cost the division up to € 90 billion (around € 756,289 million).

© Thomson Reuters 2022

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