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

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

The long-mooted Porsche IPO is finally in motion, with the Volkswagen Group selling 12.5 percent of its non-voting shares in the company for approximately €9.4 billion ($9.1 billion). The figure of 911 million shares offered won’t go unnoticed either, while the automaker itself is valued at €75.2 billion ($72.8 billion), which makes it Germany’s second-largest listing ever.

2023 BMW XM Is A 644 HP Hybrid Super-SUV; $185k Label Red With 735 HP Follows Next Summer And See The 2023 BMW XM From Every Angle In Mega Photo Gallery

The new BMW XM is here in production form, and it’s already proving to divide opinions. The XM is the first dedicated M model since the M1 supercar and is also the first electrified full-fat M to come out of Bavaria. Looks aside, though, compared to its stablemates, you can’t help but feel underwhelmed to a degree. This new halo car for the M lineup is actually the slowest of the lot, while rivals like the Porsche Cayenne Turbo S E-Hybrid can still show it a clean pair of heels. However, that didn’t stop us from having some fun with the configurator. The top-spec XM Label Red was also shown, which will feature 738 hp and 735 lb-ft (997 Nm) of peak torque vs the standard 644 hp and 590 lb-ft (800 Nm).

2024 Chevrolet Silverado HD Debuts With Updated Looks, Classier Interior, And Upgraded Diesel

The 2024 Chevrolet Silverado HD made its debut this week with revised looks and a greater focus on the interior. Externally the new truck can be identified by the grille, new front bumper, standard tow hooks, and hood scoop with Chevrolet lettering. The cabin has been improved with the option of a larger 13.4-inch infotainment system with Google navigation and higher-quality materials used. The 6.6-liter Duramax diesel gets an improved turbocharger and optimized combustion, with low-end torque going up by up to 25 percent.

2023 Ford Super Duty Debuts With Two New Engines, Class-Leading Tech, And Improved Capabilities

The 2023 Ford F-Series Super Duty is here, focusing on being the most capable, connected, and user-friendly truck in the model’s history. While the design takes a step forward, the truck itself is chock full of thoughtful features, such as a corner step rear bumper to access the bed, and grab handles in the rear bed rails to help steady yourself. Inside, there’s a marked improvement in interior quality, with a new 12-inch digital instrument cluster and either an 8- or 12-inch infotainment system. Under the hood are two new petrol options, a standard 6.8-liter V8 or a 7.3-liter Godzilla V8, while the Powerstroke diesel returns.

New Ferrari SP51 Is A One-Off Looker Based On The 812 GTS

If you’re special enough (and likely possessing a telephone number-style bank balance), Ferrari may just build you your own unique creation. The new Ferrari SP51 is one of those vehicles — a standout Speedster based on the 812 GTS, created by Ferrari’s Special Projects department for a customer based in Taiwan. The car retains the 812’s basic proportions but features new bodywork, bespoke wheels, and unique headlights.

Two Tesla Semi Electric Trucks Caught Being Trailered Home After Testing

Tesla’s Semis look to be undergoing some rigorous tests as the model creeps closer toward production. Gravel spotted on one of the two trucks sighted might indicate that the Semi was subjected to a trial involving a runaway ramp.

Florida’s Hurricane Ian Takes Out A McLaren P1 Just One Week After Being Purchased

Hurricane Ian has brought with it a significant amount of damage and loss to the state of Florida, and amongst that was Instagram user Lambo9286’s McLaren P1, which was washed away by floods just a week after purchase. The P1 was one of only 375 ever built, and it’s estimated to be worth in excess of $1.5 million.

Other Stories

Fire At Tesla’s Berlin Gigafactory Could Be The Last Nail In The Coffin For Musk’s German Expansion Plans

2023 BMW Z4 Gains New Colors And A Revised Grille But No Manual Gearbox

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

These Are The New Cars With The Highest Dealer Markups

What Else Is Making The News

Trevor Noah Steps Down As Host Of The Daily Show After Seven Years 

Comedian Trevor Noah will be stepping down as host of The Daily Show, a role he’s held since he took over from Jon Stewart in 2015. The 38-year-old thanked the show’s crew and loyal fans for an “amazing seven years,” adding: “It’s been wild, truly wild.”

Messages Between Elon Musk And Twitter Boss Show How The Pair Fell Out 

Messages between Twitter boss Parag Agrawal and Elon Musk have been published in a court filing revealing how the relationship between the two broke down. A tweet on the 9th of April appears to have started the souring of the relationship and takeover deal, where Musk asked “Is Twitter Dying?”. Agrawal texted Musk, saying “You are free to tweet ‘is Twitter dying?’ or anything else about Twitter – but it’s my responsibility to tell you that it’s not helping me make Twitter better in the current context. Next time we speak, I’d like to you provide you [sic] perspective on the level of the internal distraction right now and how it [sic] hurting our ability to do work,” reports BBC News.