Porsche Taycan Turbo GT Sets New Nürburgring EV Record in Stunning Performance Upset

Porsche has reclaimed the Nürburgring Nordschleife electric vehicle (EV) lap record with a stunning performance that defied expectations. The German automaker’s Taycan Turbo GT, equipped with the Weissach Pack and Manthey Kit, completed a lap in 6:55.553—nearly four seconds faster than the 3,000-horsepower Yangwang U9 Xtreme.

The record-setting lap was driven by Porsche development driver Lars Kern, marking another milestone for the Taycan lineup.

Lexus Unveils Three-Row Electric SUV, the TZ

Lexus has introduced its first three-row electric SUV, the TZ, built on the same platform as the all-new, electric-only Toyota Highlander. The TZ promises up to 300 miles of range and comes standard with a dual-motor all-wheel-drive system.

On the Highlander platform, the TZ delivers 338 horsepower. Lexus has announced that pricing and additional details will arrive later in 2024, with dealerships expected to receive the TZ in late 2026.

Volkswagen Group Dominates Nürburgring with Two Records

Porsche wasn’t the only Volkswagen Group brand to achieve a Nürburgring milestone. The Golf GTI Edition 50 has set a new record as the fastest front-wheel-drive production car at the Nürburgring, completing a lap in 7:44.523.

Volkswagen Increases Stake in Rivian, Outspending Amazon

Volkswagen has further expanded its investment in Rivian, increasing its stake to 15.9%—surpassing Amazon’s ownership. The move solidifies VW’s position as Rivian’s largest investor in the electric truck and SUV segment.

Rivian Explores High-Performance and Pickup Variants of R2

Rivian is reportedly considering pickup truck and high-performance variants of its upcoming R2 model, according to recent reports.

Polestar Reports $383 Million Loss in Q1 2024 Despite Sales Growth

Polestar has reported a net loss of $383 million in the first quarter of 2024, an increase from the $166 million loss recorded during the same period in 2023. Despite improved sales, the company continues to face financial challenges.

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