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Vantora, formerly known as UP.Labs, raised a $100 million investment from Silversmith Capital Partners to expand its model of building startups tailored to industrial partners. The company is shifting its focus to physical AI solutions that owner companies can integrate into their businesses and retain.
Volkswagen’s Supervisory Board approved the Future Plan 2030, which includes an additional reduction of around 50,000 jobs and cuts to its model lineup and investments, without guaranteeing the continuation of car production at four German plants after their current allocations expire.
The first driving experience reveals that the Porsche Cayenne Turbo Electric combines near-supercar performance, air suspension, and charging at more than 400 kilowatts. However, maximum power is available only for short periods, while the high price and some software and design complications limit its appeal beyond the segment of buyers seeking an ultra-high-performance luxury SUV.