Tag: Automaker

The all-electric Porsche Taycan Turbo. Source: Porsche AG Luxury automaker Porsche AG issued an ambitious long-term outlook of more than 20% of return on sales, after posting record 2022 earnings on Monday on the back of higher deliveries. The carmaker said its operating profit rose by …

(Bloomberg) — Ford Motor Co. Chair Bill Ford acquired almost 2 million shares of his company for about $20.5 million through the exercise of stock options. Most Read from Bloomberg The great-grandson of founder Henry Ford chose to use cash to pay exercise costs on the …