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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
Porsche

You Won’t Be Seeing a Self-Driving Porsche Anytime Soon

By
Jonathan Chew
Jonathan Chew
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By
Jonathan Chew
Jonathan Chew
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February 1, 2016, 3:38 PM ET
2015 IAA Frankfurt Auto Show
FRANKFURT AM MAIN, GERMANY - SEPTEMBER 15: The Porsche Mission E , stands at the Porsche stand at the 2015 IAA Frankfurt Auto Show during a press day on September 15, 2015 in Frankfurt, Germany. The IAA, Germany's biggest auto show, which takes place every two years, will be open to the public from September 17 through 27. (Photo by Hannelore Foerster/Getty Images)Photograph by Hannelore Foerster — Getty Images

As more companies fight for pole position in developing self-driving vehicles, one high-performance automaker has elected to stay out of the race.

Porsche reportedly has no plans to come out with a self-driving sports car, believing its customers want full control behind the wheel.

“One wants to drive a Porsche by oneself,” chief executive Oliver Blume said in an interview with German newspaper Westfalen-Blatt published on Monday, and as reported by Reuters.

The car maker, which is parked under parent company Volkswagen, draws a line between itself and premium marques such as BMW and Daimler AG (DDAIF) which do plan to build autonomous-driving models in the near future.

According to a recent study by Boston Consulting Group, the market penetration of vehicles with some element of autonomous features is expected to reach 13% by 2025 and could become a market worth around $42 billion.

Porsche, however, is planning to enter another hot auto subcategory: electric vehicles. It has spent $1 billion to develop the Mission E, an all-electric sports car based on the Le-Mans 919 prototype, and which became all the rage during last year’s Frankfurt auto show.

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By Jonathan Chew
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