Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models.

Roger Penske started his 59th season in motorsports the same way he closed last year — as a champion.

After the wife of reliever Joe Kelly offered up her husband’s uniform number to help lure Shohei Ohtani to the Los Angeles Dodgers, the two-way star responded by giving her a Porsche.

A North Sea storm has led to dozens of train and ferry cancellations in northern Denmark and southern Norway.

A bloodhound, a French bulldog, a German shepherd and a Maltese have been chosen to advance to the final round of the Westminster Kennel Club dog show.

Croatia’s electric supercar maker is taking over the iconic French manufacturer Bugatti in a deal that is reported to be worth millions of euros.

Straight from the house of Zuffenhausen is true Porsche innovation and performance in a fully electric vehicle.

(AP Photo/Jens Meyer, file)FRANKFURT – Volkswagen said Friday it made better than expected profit of 8.8 billion euros ($10.7 billion) after tax in 2020 despite the pandemic. 2 automaker said the rapid recovery of China, its largest single market, and resilient sales of luxury vehicles helped the bottom line. Manufacturing companies like Germany's three big carmakers — Volkswagen, BMW and Daimler — have seen their sales and earnings hold up better than those for services, tourism and air travel companies. It tripled its sales of electric vehicles to 422,000 ahead of stricter European Union limits on emissions of carbon dioxide, the primary greenhouse gas blamed for global warming. The company's brands include luxury carmakers Audi and Porsche, where profits per vehicle are higher than for more basic transportation.

The brand is the among many that have shut down their subscription services. (AP Photo/David Zalubowski)Just a few years ago, car subscriptions looked like the next sure thing. There’s not currently much investment in educating consumers either ― these subscription services aren’t widely advertised on dealership or manufacturer websites. But a major appeal of subscription services is ease of use, which includes avoiding the dealership outright. How subscription services will operate within the confines of dealer networks is an open question, but as things stand these services can’t operate without dealers.

AMELIA ISLAND, Fla. – It’s a question I’ve asked myself numerous times: Do I go with the new 718 Cayman, or do I really splurge and drop some serious coin on that horse-drawn popcorn wagon I’ve always wanted? Maybe you’d rather drop upwards of $60K on a prime example of a Cretors Model D Popcorn Wagon from the 1900s. If option B is more of your thing, you’ll find one on the auction block Saturday at the RM Sotheby’s auction during the Amelia Island Concours d’Elegance. READ: Car owned by Prohibition-era gangster could fetch $2M at Amelia Island ConcoursPhoto: RM Sotheby'sAccording to the auction listing, the consignor bought the wagon unrestored in California back in 2005. About the 2020 Concours d’EleganceRoger Penske, the founder and chairman of Penske Corporation, will be honored at the 2020 Amelia Island Concours.

JACKSONVILLE, Fla. – A museum filled with more than three dozen iconic race and collector cars opened Monday afternoon in Jacksonville. The Brumos Collection’s 35,000-square-foot interactive museum on San Pablo Road South gives a look at racing and automotive history. 1923 Miller 122 Grand Prix: Driven by Bugatti racer Count Louis Zborowski, this is considered one of the most complete surviving Millers. 1972 Porsche 917-10: A Can-Am Racer powered by a twin-turbocharged engine that’s capable of 200-plus mph speeds at 1100 horsepower. 1979 Porsche 935: The final evolution of the legendary 911 Carrera as introduced by Brumos Racing in 1973, it boasts a 700-plus horsepower, twin-turbo racer capable of speeds exceeding 200 mph.

Two people were killed when a red Porsche crashed into the second floor of a building in New Jersey. TOMS RIVER, New Jersey (CNN) - Two people died Sunday in New Jersey after their speeding car lost control, launched off an embankment and flew into the second story of a building, police said. The car, a red Porsche Boxster convertible, was "traveling at a high rate of speed" when it hit a median and eventually crash-landed into the second-story offices of Exit Realty Elite, Toms River Police said. DeMartin and his passenger, 23-year-old Daniel Foley -- both of Toms River -- were pronounced dead at the scene, according to police. The crash is currently under investigation by Toms River Traffic Safety officers.

Described as "a spaceship on water," the innovative Royal Falcon One went up for sale earlier this month, and it's as sleek as any luxury sports car. Developed by Singapore-based firm Royal Falcon Fleet and designed by Studio F.A. The superyacht was first commissioned in 2009, when Royal Falcon Fleet requested a yacht that "no one had ever built." Royal Falcon One was constructed by ship builders Kockums AB in Swedish town Nynshamn and the project was shrouded in secrecy for several years. Royal Falcon One is listed exclusively on Camper & Nicholsons International and its price is available on application.

Boeing and Porsche announced Oct. 10, 2019, that they are teaming up to "explore the premium urban air mobility market and the extension of urban traffic into airspace," through "a fully electric vertical takeoff and landing vehicle." (CNN) - Boeing and Porsche, meet George Jetson. The US aircraft giant and German sports car maker announced Thursday they are teaming up to "explore the premium urban air mobility market and the extension of urban traffic into airspace," through "a fully electric vertical takeoff and landing vehicle." It has already shown a prototype of a self-driving electric powered flying car earlier this year. "Porsche and Boeing together bring precision engineering, style and innovation to accelerate urban air mobility worldwide," said Steve Nordlund, general manager of Boeing NeXt, a unit of the company working on next generation vehicles and aircraft.

Many Tesla cars already offer Ludicrous Mode, which is quicker than the previously available Insane Mode. Using Ludicrous Mode, a Tesla Model S can scurry from a dead stop to 60 miles an hour in less than 2.5 seconds. Plaid Mode will be faster than Ludicrous Mode and is expected to be available in about a year. The names Ludicrous Mode and Plaid Mode are taken from the movie Spaceballs, a 1987 parody of Star Wars directed by Mel Brooks. A few days later, Tesla tweeted that a Model S equipped with new Plaid Mode had set an unofficial record on California's Laguna Seca track.

(CNN) - Porsche unveiled its first electric car, called the Taycan, Wednesday. The car was introduced in two high-performance versions, the 670 horsepower Taycan Turbo and the 751 horsepower Taycan Turbo S.The "Turbo" in the name might be a little confusing. But Porsche is now using that name to distinguish high-performance versions of the electric car. While Porsche has previously shown concept versions of the Taycan, the car shown Wednesday is the actual production car that will go on sale soon. Following a Formula E electric car race in New York City in July, a professional driver took journalists around the tightly curving track to show off a Taycan prototype's impressive cornering ability.

A bulbous race car from the 1930s was expected to be the most expensive car with the Porsche name ever sold at auction. (CNN) - A bulbous race car from the 1930s was expected to be the most expensive car with the Porsche name ever sold at auction. Technically speaking, the Type 64 isn't really a Porsche because the company didn't yet exist when Ferdinand Porsche created the car in Nazi Germany. This was the same basic idea the Porsche car company would use in its first car, the 356, and later in the 911. In 1947, this Type 64 was restored by the Turin, Italy, auto design and manufacturing firm known today as Pininfarina.

The collection consists of 12 overhead views of the intersection where the accident occurred and 18 "ground-level" photos. (CNN) - Photos of late actor James Dean's fatal car accident that were to be used in court are going to auction in August and are expected to bring in $20,000. In Dean's passenger seat was his Porsche mechanic, Rolf Wtherich, who survived the accident. "The early death of James Dean reverberates to this day," said Bobby Livingston, executive vice president at RR Auction. Six of the photos have inside and outside views of Dean's Porsche.

JACKSONVILLE, Fla. – Porsche is recalling one of its pint-sized model cars, as they could prove hazardous to future driving enthusiasts. The automaker's recall involves the My First Porsche Wooden Car, which was sold at dealerships nationwide and also sold on Porsche's website from April 2015 through March 2018. LINK: CPSC official recallPorsche said the wheels and axles can detach from the toy, posing a choking hazard to young children. Consumers should keep the toy cars away from children and contact a Porsche dealer to return them for a full refund. They can also contact Porsche customer service at 1-800-PORSCHE.