Porsche doubles production of the electric car it hasn't even released yet in run for Tesla's market
Porsche is already having to double its production plan on the electric car it hasn't even released yet. The German carmaker known for its sports cars and racing heritage said stronger-than-expected demand has led it to boost production on its electric Taycan car from 20,000 to 40,000 units, the company confirmed to CNBC on Wednesday. "We had been ready for it," said Andrew Lennon, a manager of product communications for Porsche. "We had the ability to increase capacity from the beginning, and executives recently made the decision to go ahead."