Good morning and welcome to our daily digest of automotive news from around the globe, starting with…

VW Still Said To Be Considering Porsche IPO, Could Be Worth Over $100 Billion

Reuters has reported that VW hasn’t completely given up the idea of offering an IPO and suggests that the company is considering it as a way to fund their costly mission towards a fully electric future. Rumors about a Porsche IPO have been circulating for quite some time, and previous reports suggest that an IPO would rake in as much as $101.4 billion, but sources suggest that no official decision has been made due to a complex stakeholder setup. 

Driven: Shrunken Ferrari Testa Rossa J Is More Fun Than Some Real Sports Cars

While Ferrari has been slapping their badge on some unusual and sometimes rather tacky ‘lifestyle’ products in order to offer their clients more than just super expensive sports cars, most of them never really fit the Italian brand’s extravagant nature. That is until the arrival of the Testa Rossa J. A fully drivable 70% scale of the Testa Rossa, this ‘toy,’ built by the Little Car Company, will burn a $105,000 hole in your wallet. But the Testa Rossa J isn’t really a toy, with a top speed of around 45mph (72kmph), the little Ferrari gives you a thrilling and nostalgic driving experience — and we would know, we’ve driven it!

Vanderhall’s Electric Brawley Off-Roader Priced From $35,000, But You Can’t Use It On The Road

Vanderhall Motor Works, an American company recognized for manufacturing three-wheelers, has recently released the specification for its latest model, the Brawley. The off-road-focused 4-wheeler will start at $34,950 (excluding destination charges) and will be offered in 40kWh and 60kWh battery modules, with four electric motors giving it a combined power output of 404hp; however, those interested in the Brawley must take note that the vehicle isn’t street legal, and may only be used for recreational activities.

Stellantis Partners With BMW On Autonomous Tech And Foxconn On Chips

Stellantis announced that they are creating multiple partnerships in an effort to produce technologies that will make their vehicle more advanced and profitable. The company CEO announced that they would be partnering with Hon Hai Technology Group (Foxconn) to develop four new families of chips that will cover 80% of semiconductor needs. Stellantis have also announced three new tech platforms (STLA Brain, STLA SmartCockpit, and STLA AutoDrive) that will be developed in partnership with Foxconn and BMW.

Caterham Seven Gets 1950s So-Cal Reworking By Camal Studio

Few cars have ever stood the test of time in their true original form like the Caterham Seven. With DNA tracing back to Colin Chapman’s Lotus sports cars from the 50s. The Caterham has never really been changed because it consisted of a formula that produced a purely enjoyable sports car — that is until Camel Studio had a go at it. Dubbed the Super**GA, this digital concept is based on the original Caterham 485 chassis and retains its 2.0L NA engine, but everything else seems completely different. While the rendering sports the same open-wheel front axle design as the OG, its design completely changes as we move into the rear end of the vehicle.

Peugeot Going EV-Only In Europe By 2030

Peugeot is going full steam ahead to accomplish its mission to become an EV-only brand in Europe by 2030, says the company CEO, Linda Jackson. The French automaker has confirmed that they will no longer manufacture ICE-powered vehicles in Europe after 2030, but will retain them for other markets. The EU has already proposed that all cars sold in Europe should be zero-emission by 2035, which means that Peugeot is well ahead of the game.

What Else Is Making The News

Court Rules In Favor Of Man Who Claims To Have Invented Bitcoin 

An Australian computer scientist by the name of Craig Wright will be able to keep half of the $54 billion worth of cryptocurrency. Wright implied in a blog post that he was Satoshi Nakamoto, the pseudonym used by the person or persons who developed bitcoin, although others remain skeptical. A Miami civil case pitted him against the family of his late business partner, who claimed rights to the IP.

Space-Bound Japanese Billionaire Will Give Money Away While In Space 

Japanese Billionaire Yusaku Maezawa has said that he will give away an unspecified amount of money while in space. “I’m excited. I feel like an elementary school student about to go on an outing,” Maezawa said at a news conference, according to Reuters. Last year he gave 1,000 of his own Twitter followers around $9000 each.