Volkswagen Group & Porsche could enter Formula One racing: BBC

According to a report from the BBC, the Volkswagen Group along with Porsche, are weighing options to enter Formula One provided the next engine regulations, which are scheduled to be introduced in 2025, promote sustainable fuels. Porsche Motorsport’s vice-president Fritz Enzinger has been quoted as saying, it would be “of great interest if aspects of…

Panasonic’s Q1 profits at Tesla’s Gigafactory boost investor confidence in EV market

On Tuesday, following Panasonic Corp’s first quarter report, shares of Asian companies in Tesla Inc’s battery supply chain surged. Panasonic’s battery venture with Tesla has boosted investor confidence in the U.S. electric vehicle (EV) maker. Panasonic’s first quarterly profit from its $1.6 billion investment in Tesla’s Gigafactory is also another validation of Tesla founder Elon…