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News Articles: Porsche

Smoke billows from the burning Felicity Ace car-transport ship as seen from a Portuguese navy vessel southeast of the mid-Atlantic Portuguese Azores islands. The large cargo vessel carrying cars from Germany to the U.S. sank in the mid-Atlantic 13 days after a fire broke out on board.

Ship carrying thousands of luxury cars sinks in the Atlantic after burning for weeks

The total estimated loss for the cargo, including Porsches, Bentleys, Lamborghinis and Volkswagens, aboard the Felicity Ace is close to $440 million.

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By:
  • Jonathan Franklin
In this image posted on the Portuguese navy's website, the Felicity Ace is shown burning on Thursday in the Atlantic Ocean about 90 nautical miles southwest of the island of Faial in the Azores.

A burning cargo ship full of Porsches and VWs is adrift in the mid-Atlantic

The Portuguese navy rescued the 22-member crew from the Felicity Ace, which was scheduled to arrive in the port of Davisville, R.I., next week. None of the crew was injured.

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By:
  • Jonathan Franklin
The logo of German automaker Volkswagen appears on flags fluttering in front of a car dealer in Hamm, Germany, in May. One of VW's many legal settlements over the Dieselgate scandal has finally reached its conclusion, the FTC says.

Volkswagen, Porsche Paid Out $9.5 Billion To Defrauded Dieselgate Drivers

The German automakers have finished compensating U.S. owners as part of a settlement with the Federal Trade Commission. Most drivers chose to replace their vehicles, not repair them, the FTC says.

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By:
  • Camila Domonoske