
Porsche Abandons Electric Vision, Concentrates on Hybrids: TDS
Chris Tsui
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Good morning and welcome to The Downshift, or TDS for short.
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I've had two cups of coffee this morning, so let’s dive in.
🚘 What I’m driving: I’m saying goodbye to the 2025 Ford Expedition Platinum today. I’ve gotten accustomed to the two-spoke steering wheel and the dual-screen dashboard layout, but that black tailgate continues to be an eyesore.
🪫 Late Friday, Porsche CEO Oliver Blume informed investors that the German manufacturer is shifting direction again. They will scale back their EV plans, retain combustion engines for top-tier 718 models, introduce the new three-row SUV known as K1 with gas and plug-in hybrid options instead of electric, and persist in developing gas-powered Panamera and Cayennes into the 2030s, all costing the company $2.1 billion due to this abrupt change.
💦 BMW revealed an initial look at the next-generation X5, which is currently being tested and camouflaged. The automaker emphasized that this version features a hydrogen powertrain beneath the exterior, and the Neue Klasse design influence is evident.
🏎️ The Yangwang U9 Xtreme, built in China, has claimed the title of the world’s fastest production car after achieving a speed of 308.4 mph at ATP Papenburg’s high-speed oval in Germany, surpassing the Bugatti Chiron.
🛻 Rivian discreetly unveiled the third version of the R1T’s electric power tonneau cover following several iterations that faced issues.
‼️ Hyundai has recalled 31,042 Ioniq 6 electric sedans due to a potential problem that could cause the charging port door to detach.
🤖 Nissan showcased its next-gen ProPilot hands-free driver-assist system, which is powered by AI.
‼️ Ford has recalled 101,944 Taurus sedans because of the risk of trim detaching while driving.
🏁 Weekend Race Results:
Formula 1 Azerbaijan Grand Prix – Max Verstappen secured victory for Red Bull Racing.
NASCAR Cup Series Mobil 1 301 – Ryan Blaney took the win for Team Penske.
IMSA WeatherTech SportsCar Championship Brickyard – Jack Aitken and Pipo Derani triumphed for Cadillac Racing.
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Porsche Abandons Electric Vision, Concentrates on Hybrids: TDS
The sudden decision to reintegrate gas-powered models into the future lineup is resulting in a $2.1 billion impact on Porsche's profit.