Porsche Plans To Offer Hybrids Across Model Range, CEO Tells Newspaper

Volkswagen AG’s sports-car maker Porsche aims to offer hybrid versions of all its models in the foreseeable future, Porsche CEO Oliver Blume told a German newspaper. A plug-in hybrid of the 911 model with a range of about 31 miles will hit the market in 2018 already, Westfalen-Blatt quoted Blume as saying in a summary of an interview to be published Monday.

Porsche said last month it would spend about 1 billion euros ($1.08 billion) on production facilities at its biggest plant to make its first-ever all-electric sports car, reflecting parent VW’s growing commitment to increase its electric offerings as it struggles to overcome an emissions scandal.

Porsche plans to bring the Mission E model, with more than 600 horsepower and a range of over 310 miles, to market by the end of the decade.

At the same time, CEO Blume said he did not believe driverless cars were in Porsche’s future, saying, “An iPhone belongs in your pocket, not on the road,” and that Porsche did not need to team up with any big technology companies. “Partnerships are generally not a bad idea if one’s own competencies are insufficient. But we are on the one hand part of a strong company and on the other hand have no plans to lead the charge in this area. We’ll leave that to others,” he said.