-
India seeks threefold increase in coal stocks to prevent summer power shortages
-
Indian companies report mixed second-quarter results on November 4
-
Indus Towers expands solar-powered network to 50,000 telecom sites
-
KKR secures Indian regulator approval for Gentari Renewables investment
-
Equitas Small Finance Bank rebounds after naming interim chief executive
-
Bharti Airtel revenue expected to grow at double-digit pace in second quarter
-
Titan quarterly profit seen rising as jewellery business drives growth
-
Indian crude-sensitive shares gain after 13% oil-price decline
-
Kuwait finance minister holds economic cooperation talks at COMCEC
-
Stocks and dollar fall as Democratic election gains reshape markets
-
Kuwait marks key events and anniversaries from national history
-
Qatar Tourism joins Pacific Asia Travel Association at London travel market
-
Qatar media bodies discuss support for humanitarian initiatives
-
Pitches and Keynote Speakers Are Confirmed for Blue Magic Netherlands on November 17
Porsche recalls thousands of Taycans over faulty batteries
German sports carmaker Porsche on Thursday confirmed it had recalled several thousand of its electric Taycan model because of risks their batteries could catch fire.
Faulty cells in some batteries could short-circuit and ignite, a spokesperson said.
Some 858 Taycans were initially identified as being at risk and recalled in January, but after further checks the company determined that further vehicles could also be affected.
Porsche said 2,936 of the sporty four-door cars showed "anomalies", which requires changing the modules on the 600-kilogram (1,300-pound) batteries housed under the car.
Another 4,522 Taycans have not been inspected and must be brought to repair shops for verification.
Renault, Ford and General Motors have all recently had to recall models due to defective batteries.
The cells for the Taycan's batteries are manufactured by Korea's LG, while the batteries themselves are assembled in Germany before being inserted into the cars at Porsche's Zuffenhausen factory.
Launched in 2019, the Taycan sold more than 40,000 units in 2023, up 16.7 percent from the previous year.
As Porsche's first electric model, it is key for the German brand, which expects 80 percent of its sales to be electric by 2030 as it gradually electrifies the rest of its range, from the small Macan SUV this year to the sporty 718 in 2025.
Y.Ibrahim--CPN