Porsche wants to become like Ferrari - | but the company is too big for that: Porsche's profit has fallen significantly by 2025. The new strategy relies more ...
focus.de/finanzen/porsche-will-wie-ferrari-werden-doch-dafuer-ist-der-konzern-zu-gross_c983f4d9-2cf9-4b73-8b54-687e4c164ea9.html
Porsche wants to become like Ferrari - | but the company is too big for ...
Key FactsPorsche plans fewer vehicles and more combustion-engine models
Oct 16, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: focus.de
  • Porsche’s profit fell 93% in 2025, while approximately 280,000 vehicles were sold.

  • The 2022 target of more than 80% electric vehicles by 2030 was abandoned; Porsche now plans two-thirds combustion vehicles and one-third electric vehicles.

  • Porsche’s sales in China fell from approximately 79,000 in 2023 to about 42,000 in 2025.

  • Porsche plans to cut 25% of administrative and factory positions by 2030 or 2031; management cuts are planned at 40%.
  • Our business model, which has carried us for many decades, no longer works in this form.
    — Oliver Blume, CEO of Porsche, in a message to all Porsche employees
Mpumalanga taxi-boss Joe Sibanyoni, 3 co-accused to appear in court: Sibanyoni, Oupa Bafana Sindane, Daniel Masilela and Philemon Msiza are accused of extortion ...
ewn.co.za/2026/10/20/mpumalanga-taxi-boss-joe-sibanyoni-3-co-accused-to-appear-in-court
Mpumalanga taxi-boss Joe Sibanyoni, 3 co-accused to appear in court
Four years on, Maumela still faces no charges: Hawks and NPA describe Tembisa Hospital looting investigation as complex and ongoing, while parliamentary ...
timeslive.co.za/news/2026-10-10-four-years-on-maumela-still-faces-no-charges/
Four years on, Maumela still faces no charges
‘His mother asked me’: Taxi boss Joe 'Ferrari' Sibanyoni explains why he paid legal fees to convicted hitman
iol.co.za/news/politics/2026-09-29-his-mother-asked-me-taxi-boss-joe-ferrari-sibanyoni-explains-why-he-paid-legal-fees-to-convicted-hitman/
‘His mother asked me’: Taxi boss Joe 'Ferrari' Sibanyoni explains why he ...
Key FactsSibanyoni challenges cellphone evidence before Madlanga commission
Sep 21, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: timeslive.co.za
  • Sibanyoni objected to the commission’s use of cellphone evidence, alleging its acquisition violated privacy and constitutional rights.

  • The data was extracted after his phone was seized in Kwaggafontein proceedings, where Sibanyoni faces extortion and money-laundering charges.

  • He said public use while he was absent prevented him from contextualising or challenging the evidence.

  • Sibanyoni and three other men are accused of extorting R2m from Thomas Ntuli in Kwaggafontein between 2022 and 2025.
  • I submit that the appearance of my phone’s content before this commission represents an absolute abuse and open-ended violation of my privacy and constitutional rights
    — Joe 'Ferrari' Sibanyoni, testifying before the Madlanga Commission, objecting to the use of cellphone data seized in the Kwaggafontein criminal proceedings
Don’t sell my R10m Ferrari: Hangwani Maumela: Tenderpreneur approaches Pretoria high court in a bid to slam brakes on the sale of the supercar
timeslive.co.za/news/south-africa/2026-10-01-dont-sell-my-r10m-ferrari-hangwani-maumela/
Don’t sell my R10m Ferrari: Hangwani Maumela
Corsica's Young Nationalism: Autonomy or Independence?: Corsica could soon become autonomous. But doubts are growing among young nationalists as to whether a ...
nzz.ch/international/traeume-von-der-unabhaengigkeit-warum-jungen-korsen-der-autonomieplan-aus-paris-nicht-weit-genug-geht-ld.10022770
Corsica's Young Nationalism: Autonomy or Independence?
‘Man of God’: Joe 'Ferrari' Sibanyoni ends explosive extortion probing testimony with the Bible
iol.co.za/news/politics/2026-10-03-man-of-god-joe-ferrari-sibanyoni-ends-explosive-extortion-probing-testimony-with-the-bible/
‘Man of God’: Joe 'Ferrari' Sibanyoni ends explosive extortion probing ...
"The record speaks for itself." Chairperson Madlanga has shut down Joe Sibanyoni’s attempt to rewrite his previous testimony regarding taxi ... Show more

LIVE: Madlanga Commission of Inquiry | Sibanyoni Grilled on R500m Deal | Day 181 | 30 Sept 2026
Key FactsMadlanga Commission examines Sibanyoni’s Ramaphosa meeting
Sep 30, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: ewn.co.za
  • Cross-examination of Joe Sibanyoni resumed Wednesday, focusing on his 2024 meeting with Ramaphosa.

  • The footage showed Sibanyoni discussing a local stake in bus company Putco’s operations.

  • Sibanyoni said he was seeking a subcontract for two entities but declined to identify the second business.

  • He denied telling the president he would interfere in Putco’s operations, describing interference as engagement on those matters.
  • Please assist us. When you find someone wanting to interfere with the Putco business, you must throw it, assist us. Don't put the wrong thing. Assist us as, how do we get into this space?
    — Joe Sibanyoni, speaking at the Madlanga Commission hearing, describing how to deal with interference in the Putco business and requesting help to gain access to that space.
Joe Ferrari denies pressuring Putco to sell soon after 51 buses torched: Taxi boss denies involvement in arson attacks and extortion claims
timeslive.co.za/news/south-africa/2026-10-01-joe-ferrari-denies-pressuring-putco-to-sell-soon-after-51-buses-torched/
Joe Ferrari denies pressuring Putco to sell soon after 51 buses torched
Key FactsSibanyoni’s PUTCO Warning Revisited After Bus Fires
Oct 1, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: iol.co.za
  • On Wednesday, the commission showed footage from a 2024 ANC event in KwaNdebele attended by Ramaphosa and Mantashe.

  • Sibanyoni said local groups wanted a 30% operational stake in PUTCO and warned they would act if demands went unmet.

  • On January 27, 2025, armed men allegedly stormed four PUTCO depots; 50 buses were torched in Mpumalanga.

  • Sibanyoni denied involvement after Advocate Matthew Chaskalson SC questioned an apparent link between his warning and subsequent violence.
  • When you find someone wanting to interfere with the Putco business, you must know it’s us.
    — Joe 'Ferrari' Sibanyoni, during an ANC campaign event in KwaNdebele in 2024, warning Ramaphosa about alleged interference with PUTCO's operations.
OpinionF1’s RM200 ticket and its billion-ringgit question: FROM ASSOC PROF DR HASNIZA MOHD TAIB School of Economics, Finance and Banking Universiti Utara Malaysia
thestar.com.my/opinion/letters/2026/10/07/f1s-rm200-ticket-and-its-billion-ringgit-question
F1’s RM200 ticket and its billion-ringgit question
WATCH | Sibanyoni faces fresh grilling over R500m Moloto Road deal: The commission put it to Sibanyoni that the phrase could have referred to him as a new power ...
iol.co.za/news/politics/2026-09-30-watch-sibanyoni-faces-fresh-grilling-over-r500m-moloto-road-deal/
WATCH | Sibanyoni faces fresh grilling over R500m Moloto Road deal
Other presidents have let white‑collar criminals dodge financial penalties – but not like Trump - Salon.com
salon.com/2026/09/27/other-presidents-have-let-white-collar-criminals-dodge-financial-penalties-but-not-like-trump-partner/
Other presidents have let white‑collar criminals dodge financial penalties ...
Wheel power: The taxi industry wins when the state weakens: The testimony of Joe ‘Ferrari’ Sibanyoni at the Madlanga Commission is a reminder of how powerful the ...
dailymaverick.co.za/article/2026-09-28-how-the-taxi-industry-wins-when-the-state-weakens/
Wheel power: The taxi industry wins when the state weakens
Named after the coast with the most, the Ferrari Amalfi is the Italian automaker’s latest entry-level car, starting at just $261,810 in the U.S. ... Show more

Why the Least Expensive Ferrari Is the One Worth Having
Porsche beats Chanel for title of world’s most valuable luxury brand : Ferrari climbs to seventh in Brand Finance survey as first electric vehicle debuts
timeslive.co.za/motoring/2026-09-28-porsche-beats-chanel-for-title-of-worlds-most-valuable-luxury-brand/
Porsche beats Chanel for title of world’s most valuable luxury brand
Bentley unveils first EV, the Torcal, at less than half the price of Ferrari’s Luce
cnaluxury.channelnewsasia.com/obsessions/bentley-torcal-first-electric-car-ev-ferrari-luce-295546
Bentley unveils first EV, the Torcal, at less than half the price of ...
Key FactsBentley unveils Torcal as its first electric SUV
Sep 24, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: cnaluxury.channelnewsasia.com
  • According to Walliser, roughly half of early interest came from new customers; Bentley is targeting younger people in their forties.

  • Ferrari launched its all-electric Luce in May at €550,000, offering 530 kilometres of range.

  • Bentley invested £350 million in designing and building the car; the investment is expected to support 4,000 UK jobs.

  • Production is scheduled to begin in the second quarter of 2027; charging from 10 to 80 percent takes 16 minutes.
  • I would say it’s also beneficial not to be the first.
    — Frank-Steffen Walliser, Bentley chief executive, in an interview with the Financial Times
Love Island winner Davide's girlfriend dubbed 'The Goddess' jailed after hiding millions
mirror.co.uk/3am/celebrity-news/love-island-davide-girlfriend-jailed-37693967
Love Island winner Davide's girlfriend dubbed 'The Goddess' jailed after ...
Ferrari stock: What Maranello has to say about new customers: Ferrari stock faces resistance: UBS confirms $490 price target
deraktionaer.de/artikel/mobilitaet-oel-energie/ferrari-aktie-was-maranello-ueber-neukunden-zu-erzaehlen-hat-20409185.html
Ferrari stock: What Maranello has to say about new customers
The Wadi: What we know about the new Dh6 billion Yas Island community near Disney and Sphere
thenationalnews.com/lifestyle/2026/09/20/whats-the-wadi-the-new-dh6-billion-yas-island-community-near-disney/
The Wadi: What we know about the new Dh6 billion Yas Island community near ...
McLaren Performance SUV: Attack on Ferrari and Lamborghini: The sports car manufacturer is investing half a billion and building a new factory ...
faz.net/aktuell/wirtschaft/unternehmen/mclaren-performance-suv-angriff-auf-ferrari-und-lamborghini-201233747.html
McLaren Performance SUV: Attack on Ferrari and Lamborghini
France says 2030 Winter Olympics safe despite political uncertainty: France will honour its commitment to host the 2030 Winter Olympics regardless of the outcome ...
thelocal.fr/20260916/france-says-2030-winter-olympics-safe-despite-political-uncertainty
France says 2030 Winter Olympics safe despite political uncertainty
McLaren puts £500m behind its first SUV: British supercar maker is targeting best profit margins in luxury segment
timeslive.co.za/motoring/2026-09-16-mclaren-puts-500m-behind-its-first-suv/
McLaren puts £500m behind its first SUV
Sebastian Vettel bursts into tears because of Schumacher: "I miss Michael": Sebastian Vettel drives laps in Monza in Michael Schumacher's legendary Ferrari ...
tz.de/sport/formel-1/sebastian-vettel-weint-um-michael-schumacher-zr-94477956.html
Sebastian Vettel bursts into tears because of Schumacher:
Only 19 built: Ferrari F40 LM vs. Ferrari F40 compared: Ferrari F40 vs. Ferrari F40 LM: Why the racing version with only 19 examples and up to 760 hp costs many ...
auto-motor-und-sport.de/sportwagen/nur-19-stueck-gebaut-ferrari-f40-lm-gegen-ferrari-f40-im-vergleich/
Only 19 built: Ferrari F40 LM vs. Ferrari F40 compared
Börsenpunk: The next AI boom for your portfolio: After a break, we're back, discussing Deutsche Telekom, Netflix with Bill Ackman, Ferrari ...
deraktionaer.de/artikel/aktien/boersenpunk-der-naechste-ki-boom-fuers-depot-20408639.html
Börsenpunk: The next AI boom for your portfolio
Lewis Hamilton calls for clearer Ferrari team rules after Leclerc Monza clash: The seven-time champion says Ferrari’s lack of clear “rules of engagement” has ...
motorsport.com/f1/news/hamilton-says-ferrari-has-left-it-too-late-to-back-him-in-title-fight/10853210/
Lewis Hamilton calls for clearer Ferrari team rules after Leclerc Monza ...
Porsche or Ferrari? Liberals deny car chat link to developer donations: Conservative Liberal Jeremy Greenwood is accused of accepting part of a $2 million ...
smh.com.au/politics/nsw/porsche-or-ferrari-liberals-deny-car-chat-link-to-developer-donations-20260907-p60v2c.html
Porsche or Ferrari? Liberals deny car chat link to developer donations
Ferrari's first electric car fetches a record price of $40 million at auction
de.euronews.com/business/2026/08/17/ferraris-erstes-e-auto-erzielt-rekordpreis-von-40-millionen-dollar-bei-auktion
Ferrari's first electric car fetches a record price of $40 million at ...
Key FactsFerrari Luce Sets $40 Million Auction Record
Aug 17, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: de.euronews.com
  • A bespoke Ferrari Luce raised $40 million (€34.5 million) at a charity auction by RM Sotheby’s in the United States, setting a record for a new car.

  • The auction took place nearly three months after the fully electric model was unveiled in May; priced at €550,000, it drew strong criticism, particularly for its design by LoveFrom.

  • The Luce has four electric motors, produces up to 1,050 PS, accelerates to 100 km/h in 2.5 seconds and is said to offer more than 530 kilometres of range with its 122-kWh battery.

  • Ferrari plans to donate the full proceeds to the Ferrari Foundation, which the auction house said is intended to fund education projects.
Exclusive model of Ferrari’s first electric car, Luce, sells for record $40 million
edition.cnn.com/2026/08/17/cars/ferrari-electric-luce-record-sale-intl-scli
Exclusive model of Ferrari’s first electric car, Luce, sells for record ...
Ferrari just sold the wildly divisive Luce SUV for 62x asking price: Ferrari's polarizing first electric car, the Luce, sold for $40 million at auction ...
newatlas.com/automotive/ferrari-luce-charity-auction-40-million/
Ferrari just sold the wildly divisive Luce SUV for 62x asking price
Als Ferrari am 25. Mai 2026 seinen ersten Elektro-Ferrari „Luce" enthüllte, brach die Aktie um rund acht Prozent ein ... Show more
Ferrari’s $640K Luce EV sells out 2026 allocation: ~500 units: Ferrari sold out its entire 2026 Luce EV allocation — just under 500 cars at €550 ...
electrek.co/2026/07/29/ferrari-luce-ev-sold-out-2026-allocation/
Ferrari’s $640K Luce EV sells out 2026 allocation: ~500 units
The Ferrari Luce Has Done Its Job: Things are looking rosy at Ferrari, with the Luce EV reaching its 2026 sales target in just two months ...
thedrive.com/news/the-ferrari-luce-has-done-its-job
The Ferrari Luce Has Done Its Job
Ferrari’s first electric car Luce fetches record $50m at auction: Ferrari’s first all-electric Luce sold for a record $50m at auction, marking a new milestone ...
straitstimes.com/life/motoring/ferraris-first-electric-car-luce-fetches-record-50m-at-auction
Ferrari’s first electric car Luce fetches record $50m at auction
Everyone Criticized Ferrari’s New EV. Then Buyers Proved Them Wrong: Ferrari shows that the power of exclusionary marketing comes from knowing your ideal buyers ...
inc.com/kimanzi-constable/everyone-criticized-ferraris-new-ev-then-buyers-proved-them-wrong/91383085
Everyone Criticized Ferrari’s New EV. Then Buyers Proved Them Wrong
Patrick Mahomes on Hublots, Tacos, and the Ferrari SF90 His Financial Advisor Didn’t Want Him to Buy
robbreport.com/lifestyle/sports-leisure/patrick-mahomes-interview-1238504007/
Patrick Mahomes on Hublots, Tacos, and the Ferrari SF90 His Financial ...
Piero Ferrari Just Got a New Bombardier Super-Midsized Private Jet to Travel to F1 Races
robbreport.com/motors/aviation/piero-ferrari-bombardier-challenger-3500-jet-1238528527/
Piero Ferrari Just Got a New Bombardier Super-Midsized Private Jet to ...
A vintage car is being auctioned: Interested parties can bid on the Ferrari F50 that boxing legend Mike Tyson once drove - | for up to nine million dollars.
sueddeutsche.de/li.3527367
A vintage car is being auctioned
Ferrari replaces marketing chief after Luce EV launch backlash: Ferrari replaced longtime marketing chief Enrico Galliera with ex-BMW Italy boss Di Silvestre ...
electrek.co/2026/06/23/ferrari-replaces-marketing-chief-luce-ev-backlash/
Ferrari replaces marketing chief after Luce EV launch backlash
Ferrari wagt den nächsten großen Schritt: Mit dem „Luce“ hat der italienische Luxusautobauer erstmals ein vollelektrisches Serienmodell vorgestellt ... Show more
Ferrari CEO defends $640,000 price tag for its first fully electric car: Ferrari CEO Benedetto Vigna on Thursday said the cost of the manufacturer's new Luce ...
cnbc.com/2026/05/28/ferrari-ceo-luce-price-electric-car.html
Ferrari CEO defends $640,000 price tag for its first fully electric car
OpinionI was at the exclusive launch of Ferrari's new EV that sent the stock tumbling. But there may be light at the end of the tunnel
cnbc.com/2026/05/29/ferrari-luce-ev-launch-backlash-stock-drop.html
I was at the exclusive launch of Ferrari's new EV that sent the stock ...
The first electric Ferrari, the “Luce,” is sparking heated discussions online. While Ferrari is celebrating the model as a bold step into the future ... Show more
The reason for the stock price plunge on Tuesday was the unveiling of the first all-electric vehicle. The design of the €550,000 car was the root cause ... Show more
OpinionI was at the exclusive launch of Ferrari's new EV that sent the stock tumbling. But there may be light at the end of the tunnel
cnbc.com/2026/05/29/ferrari-luce-ev-launch-backlash-stock-drop.html
I was at the exclusive launch of Ferrari's new EV that sent the stock ...
First all-electric Ferrari causes stock price to plummet: Investors react with disappointment to the vehicle, which was designed by a former Apple designer.
sueddeutsche.de/wirtschaft/ferrari-luce-elektroauto-kritik-aktie-li.3489530
First all-electric Ferrari causes stock price to plummet
Ferrari's €550,000 electric car looks like a Nissan, mocks the internet: Ferrari unveils its first all-electric car, the Luce, in Rome. However ...
de.euronews.com/next/2026/05/26/ferrari-e-auto-luce-nissan
Ferrari's €550,000 electric car looks like a Nissan, mocks the ...
Ferrari’s electric car: divisiveness is the point: The Italian marque is attempting a high-stakes manoeuvre
economist.com/business/2026/05/27/ferraris-electric-car-divisiveness-is-the-point
Ferrari’s electric car: divisiveness is the point