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Tesla hits over $460bn in market cap, seven times more than Ferrari, Porsche and Aston Martin combined

Tesla

The coronavirus outbreak has affected many industries, but the automotive industry is among the hardest hit. After carmakers stopped production and dealerships closed showrooms amid Covid-19 lockdown, global car sales slumped worse than ever before. However, the luxury car market was generally less affected by the financial downturn caused by the coronavirus pandemic. According to data presented by StockApps.com, the market capitalisation of the world’s most valuable car company, Tesla, hit over $460bn this week, almost seven times more than Ferrari, Porsche and Aston Martin combined.

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Hankook supplies e-tyres for Porsche Taycan electric sports cars

Hankook

The new Porsche Taycan, the manufacturer’s first all-electric sports car, will roll of production lines on specially developed Hankook Ventus S1 evo 3 ev electric vehicle tyres. Supplied in size 225/55R19 XL 103Y on the front axle and 275/45R19 XL 108Y on the rear axle the tyre will be marked “NF0” on the sidewall. Hankook says the Ventus S1 evo 3 ev includes technical refinements designed to optimise the performance of electric sports cars. The new deal extends Hankook’s relationship with Porsche, and the tyre manufacturer’s increasing interest in electric vehicles. The Korean tyre manufacturer most recently announced it is supplying the Porsche Cayenne with the SUV version of the Ventus S1 evo 3. It is also tyre partner to Kyburz’s eRod roadster. Hankook was also recently unveiled as the new tyre supplier for premier electric motorsport series Formula E.

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Hella partners with Porsche to prevent aquaplaning

Hella

A common concern for motorists when driving in wet conditions is aquaplaning, when the car begins to lose traction and glide on the road with the resulting loss of control, especially when on fast roads such as motorways and dual carriageways. As a result, Hella, the lighting and electronics expert, working in conjunction with renowned manufacturer Porsche, has put its wetness detection function into series production and is supporting the world premiere of ‘Porsche WET-Mode’.

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Falken doubles up on Porsches for 2020 Nürburgring Endurance Series, N24

Falken will run a pair of the latest specification GT3 Porsche 911 GT3 R cars in both the Nürburgring Endurance Series (formerly known as the VLN) and the Nürburgring 24h race in 2020. The Falken Motorsports race team, run by Schnabl Engineering for the tenth consecutive year, has ordered a new 991.2 chassis to run alongside its 2019 Porsche. Both cars will be identical in specification.

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Street-legal aftermarket braided carbon fibre rims coming in 2020

Good news for motorists who long for a set of carbon fibre reinforced polymer (CFRP) rims but whose budgets don’t stretch to a Porsche 911 Turbo S. As of next year, thyssenkrupp Carbon Components will begin offering carbon wheels for aftermarket customers. It previewed the upcoming range at last month’s Essen Motor Show.

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Porsche Cayenne factory-fitted with Hankook tyres

Hankook Tire reports that it has been supplying the Porsche Cayenne ex-works with its flagship UHP tyre, the Ventus S1 evo 3 SUV, since June. The mixed fitment sees the Cayenne wear the Ventus S1 evo 3 SUV in size 285/40 ZR 21 (109Y) XL at the front and 315/35 ZR 21 (111Y) XL at the rear.

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Nexen Tire hires ex-Porsche specialist to head premium OE tyre development

Michael Haupt, formerly a tyre development specialist at Porsche, has been appointed head of the ‘Premium OE’ business sector at the recently-opened Nexen Central Research Institute (Nexen univerCITY). In his new position, Haupt will be responsible for creating premium tyres for OEM customers.

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Gulf and Porsche roll back the clock to win Spa 24 hours

Gulf and its Heritage Partner, ROFGO, are celebrating an incredible win at the world’s foremost GT race, the Spa 24 Hours. The Porsche 911 GT3R, run by the GPX race team for ROFGO, was entered for the race relatively late in the day, with support from Porsche itself, who supplied three factory drivers specially for the event.

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Goodyear Eagle F1 SuperSport RS homologated for Porsche 911 GT2 RS & GT3 RS

Porsche has homologated the Goodyear Eagle F1 SuperSport RS – the most race-focused member of the new Eagle F1 SuperSport range, for the 911 GT2 RS and Porsche 911 GT3 RS. This approval covers the sizes 265/35 ZR 20 (99Y) XL and 325/30 ZR 21 (108Y) XL. The homologated Goodyear Eagle F1 SuperSport RS tyres bear the Porsche N0 marking and will be sold through the Porsche dealer network.

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Goodyear launches ‘ultimate all-rounder’ and new super car tyres

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At the same time released its Eagle F1 SuperSport range, which is unashamedly pitched at the ultra, ultra-high performance segment (UUHP). The range is comprised of three tyres for the three main sub-sections of the UUHP segment – the Eagle F1 SuperSport, the SuperSport R and the SuperSport RS.

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Falken Motorsports introduces new Porsche 911 for 2019

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Falken Motorsports has introduced a new Porsche 911 GT3 R for the start of the 2019 motorsport season. The new Porsche will compete alongside the team’s BMW M6 GT3 at the Nürburgring, continuing the Japanese tyre brand’s 20-year commitment to the legendary Nordschleife with racing cars from two premium car manufacturers.

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Pirelli’s American motorsport commitments ‘never more relevant’

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Pirelli is involved in 10 major championships at the forefront of American motorsport. It commits 40 personnel to a variety of races and rallies every weekend, supplying tens of thousands of tyres. The scale of Pirelli’s competition involvement this year in North America shows, the company states, that motorsport on the continent has never been more relevant. This is because motorsport represents a part of the Italian company’s research and development for ultra-high performance tyres – an “open-air testing laboratory,” in its words – pushing the extremes of performance on track to create products for the road.

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Bridgestone achieves ‘best OEM results’ in 2018

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Bridgestone provided more than 120 new original equipment fitments in the EMEA region during 2018, an increase of more than 30 per cent. The fitments are spread across more than 40 different models from 15 different manufacturers. The tyre manufacturer, which is the largest in the world, says the commitment of such brands as Toyota, Mercedes, and Porsche, shows the original equipment manufacturers’ appreciation for its investment in research and development.

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Pirelli, Porsche Club of America renew agreement for 3 more years

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Pirelli will continue and enhance its support of Porsche Club of America over the next three years, having renewed its agreement with the world’s largest organisation for the brand’s enthusiasts. The club, which has more than 130,000 members in 145 North American regions, cited Pirelli’s status as an original equipment supplier to Porsche as a major component of its decision to continue the agreement.

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Pirelli renews Porsche Club GB partnership until 2023

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Pirelli has renewed its agreement with Porsche Club GB, Europe’s largest Porsche club. As such, it will continue to give the club – with its more than 22,000 members and 60,000 Porsche cars – technical and other types of support for an additional five years.

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