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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

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Jamie Dimon says his stockbroker father taught him to invest with a 'brutally hard' childhood game
Porsche

How Porsche Designed Its First Electric Sports Car

By
Kirsten Korosec
Kirsten Korosec
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By
Kirsten Korosec
Kirsten Korosec
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March 30, 2016, 7:30 PM ET
Courtesy of Porsche
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Porsche’s team that is working on the company’s first all-electric car are trying to create a vehicle that is exciting and new without ignoring design features that make a Porsche instantly recognizable.

The German automaker released a video Tuesday that provides a behind-the-scenes look at how engineers and designers worked through that particular challenge. The video provides a few hints about what could end up in the production version of the sports car, including holographic technology that gives the dashboard display a 3D look and software that recognizes hand gestures, eye movements, and voice to control functions like air conditioning and music.

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The video also highlights the kind of design opportunities available with a car that doesn’t have the same space constraints as a vehicle with a gasoline engine. For Porsche, the extra space inspired the designers to give the Mission E, the working name of the car being developed, a low front end to make it resemble Porsche models of the 1950s and 1960s.

[youtube https://www.youtube.com/watch?v=ckJxVBpegMo]

Porsche first introduced the Mission E concept car at the 2015 Frankfurt International Motor Show in September. Several months later, the company announced plans to produce the all-electric four-door sports car. The Mission E is expected to have more than 600 horsepower (or 440 kilowatts in system power) and about a 310-mile battery range. It won’t hit the road until at least 2020.

While Porsche has produced plug-in electric hybrids such as the Panamera S E-Hybrid, this new model would be its first all-electric car on the market and mark a major milestone in the division’s history. And it’s spending at least $1 billion to develop the car, an investment that illustrates the company is serious about bringing it to market.

 

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By Kirsten Korosec
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