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The upcoming BMW iX5 Hydrogen fueled SUV is now undergoing road testing, BMW said today in Munich.* The German government subsidized program** sees BMW Group testing the third-generation fuel cell system and developing a new assembly phase at the Hydrogen Competence Center in Munich. Simultaneously preparations for mass production of the hydrogen fuel cell system are underway at the engine facility in Steyr, Austria.
“Prototype assembly is about much more than manufacturing individual components. Each phase helps us optimize processes, gain experience, and systematically share this knowledge with the teams in Steyr. In this way, we are laying the foundation for the next steps on the road to industrialization,” said Claudia Stephan, head of Technology Development and Fuel Cell Prototype Assembly at the BMW Group. 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 →