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Governor Gretchen Whitmer today penned an op-ed in the Wall Street Journal, advocating for Michigan families and businesses in light of costly tariff policies imposed by Republicans in Washington.
“A strong economy requires a trade policy that works with our partners, brings supply chains home and makes life affordable,” wrote Governor Whitmer. “That’s why I recently called the president to relay how the ever-changing tariff policy is hurting Michigan businesses and families. We need to be smart and strategic about trade policy, and lower costs so we can bring back American manufacturing.” Continue reading
Porsche Sells Its Bets on Bugatti Rimac and Rimac Group
Well, the WayRay virtual reality was better than the actual results.
Porsche said today that the sale of its stakes in Bugatti Rimac and Rimac Group have been sold. Porsche* and the buyer consortium had signed the relevant agreements in April 2026. [Read AutoInformed.com on: Porsche Increases Investment in Start-Ups by €150 Million] The sale will generate proceeds of ~€1 billion. The Porsche AG Group will use €250 million of the proceeds to further fund its pension obligations.
“The Automotive Net Cash Flow Margin forecast published in the Half-Year Financial Report did not include any effects from divestments. Taking into account the aforementioned cash inflow and the further funding of pension obligations, the Automotive Net Cash Flow Margin for full year 2026 is expected to increase to 5.5% to 7.5% (previous forecast: 3% to 5%),” Porsche said. Continue reading →