logo
Porsche To Retire 718 Boxster And Cayman, Production Ends In October

Porsche To Retire 718 Boxster And Cayman, Production Ends In October

NDTV22-05-2025

Porsche has now announced the retirement of its petrol-powered 718 Boxster and Cayman. The 718 duo was facing troubles for the past year, but it is now that we know that the 718 Boxster and the Cayman will be off the production line in October. Previously, Porsche had delisted the 718 Boxster and the Cayman from the Indian website and stopped taking bookings for the duo.
As per Motor1, Frank Wiesmann, Product Communications, Porsche Cars North America, stated that the Porsche 718 Boxster and the Cayman are in the final stages of production, after which it will come to a full stop in October. Porsche 718 Boxster and the Cayman were earlier pushed off the European market due to some cybersecurity concerns, back in 2024. However, the Boxster RS Spyder and Cayman GT4 RS continue in the European market as they were limited edition sports cars, and were exempted from the regulations.
Porsche is not in a hurry to fill the gap after the discontinuation of the 718 duo, as the planning of its electrified iteration is still underway and will be revealed about a year later. The electrified iteration of the Boxter and Cayman is expected to be built on the same production line as the ICE models at Porsche's Zuffenhausen plant.
Also, Porsche has previously said that it will be phasing out the Macan in 2026. Though it may feel like a piece of sad news for the petrol heads, there is still hope, as, according to reports, Porsche's former Chief Financial Officer, Lutz Meschke, mentioned the possibility of the originally planned all-electric vehicles getting a hybrid drive or a combustion engine.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

RTL buys Sky Deutschland in deal to take on US streaming giants
RTL buys Sky Deutschland in deal to take on US streaming giants

Time of India

time4 hours ago

  • Time of India

RTL buys Sky Deutschland in deal to take on US streaming giants

European broadcaster RTL Group said on Friday it would buy Sky Deutschland , in a deal that combines Sky 's sports and streaming offerings with RTL's news and entertainment brands to create a business with 11.5 million paying subscribers. Shares in RTL surged 12% following announcement of the deal, rising to the top of Germany's mid-cap index. The merger brings together two of Europe's strongest media offerings in sport and entertainment in a battle to catch up with U.S. heavyweights in Germany. RTL and Sky's combined streaming services boast an audience larger than that of Disney but far behind market leaders Netflix and Amazon Prime. The deal includes a 150 million euro ($176 million) upfront payment plus a variable component of up to 377 million euros depending on RTL's share price which Sky parent Comcast can trigger any time within five years. The purchase gives RTL, which is majority-owned by German media group Bertelsmann , local access to Sky's premium sports rights including Bundesliga and Premier League soccer, and Formula 1 motor racing, as well as Sky's WOW streaming service. A person familiar with the situation said RTL had approached Sky for the deal, and that Sky was not looking to sell any other part of its business. RTL Chief Executive Thomas Rabe described the deal as "transformational" for the group and said it would create cost savings of around 250 million euros per year within three years of the deal closing. In the past, Rabe had considered a bid for German competitor ProSiebenSat.1 but doubted whether competition regulators would give that the green light. He told Reuters in a separate interview that RTL would not be involved in any further consolidation in the German market. "The issue of a merger with ProSiebenSat.1 is now definitely off the table," he said. ProSieben, for its part, is trying to fend off a takeover from MFE, the TV broadcaster controlled by Italy's Berlusconi family, which wants to build on its commercial TV operations in Italy and Spain to create a pan-European broadcaster. Sky Deutschland, which operates in Germany, Austria, Switzerland, was on track to break even on an earnings before interest, taxes, depreciation and amortization (EBITDA) basis, Sky Group Chief Executive Dana Strong said. The business reported around 2 billion euros in annual revenue. The variable component of the deal with Sky depends on RTL's share price, which was 35.40 euros at 0721 GMT in Frankfurt trade following a jump in value after announcement of the deal. Comcast can trigger it at any time within five years of the deal being finalised provided the share price exceeds 41 euros. At a share price of 70 euros, the additional payment for Comcast would be capped at 377 million euros. RTL can pay in cash, shares or a combination of both.

Gold price outlook: MCX gold rate may hit ₹94,000 level as Israel-Iran ceasefire, trade talks dent safe-haven demand
Gold price outlook: MCX gold rate may hit ₹94,000 level as Israel-Iran ceasefire, trade talks dent safe-haven demand

Mint

time5 hours ago

  • Mint

Gold price outlook: MCX gold rate may hit ₹94,000 level as Israel-Iran ceasefire, trade talks dent safe-haven demand

Gold prices on Multi Commodity Exchange (MCX) fell sharply on Friday, tracking losses in the global bullion market, as signs of easing geopolitical tensions in the Middle East with the Israel-Iran ceasefire holding up, and global trade optimism dampened safe-haven demand for the precious metal. MCX gold rate for August futures ended lower by ₹ 1,563, or 1.61%, at ₹ 95,524 per 10 grams. During the session, gold prices hit a low of 94,951, falling by ₹ 2,136, or 2.2%, from its previous close of ₹ 97,087. For the week, MCX gold price slumped 3.61%. MCX silver prices for September futures also declined. The white metal ended down by ₹ 1,468, or 1.36%, at ₹ 1,06,429 per kg. It touched a low of ₹ 1,05,380 during the session. In the international market, comex gold fell over 1.5% to trade below $3,270 per ounce, marking a second straight weekly loss and a nearly 3% decline for the week. 'The slide in gold prices comes as geopolitical risks ease and global trade optimism strengthens, dampening safe-haven appetite. A tentative ceasefire between Israel and Iran held firm, while US Commerce Secretary Howard Lutnick indicated trade frameworks with China and others are nearing completion — fueling risk-on sentiment in markets,' said Jigar Trivedi, Senior Research Analyst at Reliance Securities. Meanwhile, the US dollar dropped over 1.5% to below 97.3, its lowest since February 2022, weighed down by rising expectations of interest rate cuts following US Federal Reserve Chair Jerome Powell's dovish congressional testimony. Gold price next week will be influenced by a slew of factors, including economic data release in the US and European region. 'Key focal points for the coming week include, the progress in US trade talks ahead of the July 9 tariff decision deadline, the ECB Central Bank Forum, with comments expected from top officials including Chair Powell, and US macro data such as Nonfarm Payrolls, ISM Manufacturing & Services PMIs, and trade figures,' Trivedi noted. Gold price is expected to remain under pressure with a bearish bias, according to Jigar Trivedi. 'Comex gold has key support at $3,230 – $3,200 per ounce, while resistance is placed at $3,350 level. MCX gold price for August futures is expected to decline towards ₹ 94,800 – ₹ 94,000 per 10 grams as momentum remains weak,' Trivedi said. Read all Commodity Market news here

Gold price outlook: MCX gold rate may hit  ₹94,000 level as Israel-Iran ceasefire, trade talks dent safe-haven demand
Gold price outlook: MCX gold rate may hit  ₹94,000 level as Israel-Iran ceasefire, trade talks dent safe-haven demand

Mint

time7 hours ago

  • Mint

Gold price outlook: MCX gold rate may hit ₹94,000 level as Israel-Iran ceasefire, trade talks dent safe-haven demand

Gold prices on Multi Commodity Exchange (MCX) fell sharply on Friday, tracking losses in the global bullion market, as signs of easing geopolitical tensions in the Middle East with the Israel-Iran ceasefire holding up, and global trade optimism dampened safe-haven demand for the precious metal. MCX gold rate for August futures ended lower by ₹ 1,563, or 1.61%, at ₹ 95,524 per 10 grams. During the session, gold prices hit a low of 94,951, falling by ₹ 2,136, or 2.2%, from its previous close of ₹ 97,087. For the week, MCX gold price slumped 3.61%. MCX silver prices for September futures also declined. The white metal ended down by ₹ 1,468, or 1.36%, at ₹ 1,06,429 per kg. It touched a low of ₹ 1,05,380 during the session. In the international market, comex gold fell over 1.5% to trade below $3,270 per ounce, marking a second straight weekly loss and a nearly 3% decline for the week. 'The slide in gold prices comes as geopolitical risks ease and global trade optimism strengthens, dampening safe-haven appetite. A tentative ceasefire between Israel and Iran held firm, while US Commerce Secretary Howard Lutnick indicated trade frameworks with China and others are nearing completion — fueling risk-on sentiment in markets,' said Jigar Trivedi, Senior Research Analyst at Reliance Securities. Meanwhile, the US dollar dropped over 1.5% to below 97.3, its lowest since February 2022, weighed down by rising expectations of interest rate cuts following US Federal Reserve Chair Jerome Powell's dovish congressional testimony. Gold price next week will be influenced by a slew of factors, including economic data release in the US and European region. 'Key focal points for the coming week include, the progress in US trade talks ahead of the July 9 tariff decision deadline, the ECB Central Bank Forum, with comments expected from top officials including Chair Powell, and US macro data such as Nonfarm Payrolls, ISM Manufacturing & Services PMIs, and trade figures,' Trivedi noted. Gold price is expected to remain under pressure with a bearish bias, according to Jigar Trivedi. 'Comex gold has key support at $3,230 – $3,200 per ounce, while resistance is placed at $3,350 level. MCX gold price for August futures is expected to decline towards ₹ 94,800 – ₹ 94,000 per 10 grams as momentum remains weak,' Trivedi said. Read all Commodity Market news here Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store