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

2023 Lamborghini Urus S Has Performante’s 657 HP V8 But Prioritizes Luxury Over Handling

The Lamborghini Urus has been replaced with the Urus S for the 2023 model year. The S uses an improved version of the V8 that powered the Urus Performante to set a record at Pikes Peak earlier this year, rated at 657 hp (666 PS) and taking 3.5 seconds to get to 62 mph (100 km/h). It’s still slower than the range-topping Performante though, but considerably cheaper too.

Porsche Is Going Public At €82.50 A Share, Valuing Company At €75 Billion

Porsche is going public and will see the VW Group sell 12.5 percent of the company’s non-voting shares. The automaker will be valued at €75.2 billion ($72.8 billion), with approximately €9.4 billion ($9.1 billion) raised. An apt figure of 911 million shares will be sold in Porsche, while half of the proceeds will go towards strengthening VW’s shift to electric vehicles.

Braking Bad: Automatic Emergency Braking Systems Struggle And Fail Where They Would Be Most Useful

Although most vehicles sold in the U.S. are fitted with Automatic Emergency Braking systems, according to the American Automobile Association (AAA), the systems struggle to perform in situations where injuries and fatalities are most likely to occur. Of particular note was the result of the T-bone and left-turning vehicle-crashing-into-the-path-of-oncoming-car scenarios, in which the tested systems failed to prevent accidents.

Tesla To Unveil Optimus Humanoid Robot This Week, Plans To Use “Thousands” Of Them In Its Factories

Tesla is set to unveil a working prototype of its Optimus humanoid robot later today, as the company hosts its AI Day in California. While we’ve already heard about the Tesla Bot last year (and seen a human dressed up as one), we’re hoping to see a functional prototype this time around. In a recent job listing for programmers on its official website, Tesla wrote that it plans to use “thousands of Humanoid Robots within our factories,” and no doubt many more companies and industries will be interested in the tech.

Citroen Oli Concept Is A Quirky Electric Pickup Made From Recycled Materials

Citroen’s Oli concept is a new look at an affordable and sustainable electric pickup and is also the first product to debut the brand’s new logo. The Oli shares stylistic similarities with the Ami quadricycle but has some unique design quirks too. These include a vertical windshield, a short pickup bed, and suicide doors. The Citroen Oli might be a design study, but the French company says we should expect to see its “ideas, design details and interior advances represented in future production models.”

Tata Tiago.ev Is A $10,000 Electric City Car With 155 Miles Of Range

The new Tiago.ev may not look like much at first glance, but it’s a hugely important car for the Indian market. In entry-level XE trim, the small hatchback features a 19.2 kWh battery pack, which enables 155 miles (255 km) of range on the Modified Indian Driving Cycle (MIDC). A larger 24 kWh pack is offered on other trims for 194 miles (315 km) of range.

What Else Is Making The News

Apple Lowers iPhone 14 Production Targets 

After slow demand for the company’s latest iPhone, Apple has reportedly scaled back on its production numbers. A report from Bloomberg says that as many as 6 million units have been canceled this year. It would appear that demand for the Pro models continues to be strong.

McDonald’s To Release Happy Meals For Adults 

Mcdonald’s is releasing Happy Meals for an older generation, with each meal accompanied by a retro-inspired toy. “We’re taking one of the most nostalgic McDonald’s experiences and literally repackaging it in a new way that’s hyper-relevant for our adult fans,” McDonald’s chief marketing officer Tariq Hassan said in a statement.