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Eve Air Mobility and Embraer Announce First eVTOL Production Location in Brazil

Sao Jose Dos Campos, Brazil – July 20, 2023 – Eve Air Mobility (NYSE: EVEX) and Embraer (NYSE: ERJ) announced today that the first electric vertical take-off and landing aircraft (eVTOL) production facility will be located in the city of Taubaté, in the state of São Paulo, Brazil. Subject to the final authorities’ approval, the manufacturing plant will be situated on a designated portion of land within Embraer’s existing unit in the city that will be expanded.

The site benefits from a strategic logistical location, offering easy access via two highways and close proximity to a railroad. Another significant advantage is the region’s proximity to Embraer’s headquarters in São José dos Campos and Eve’s engineering and human resources team, which will facilitate the development and sustainability of new production processes, enhancing Eve’s agility and competitiveness.

In May 2022, Eve announced a partnership with Porsche Consulting to define Eve’s eVTOL global manufacturing, supply chain and logistics macro strategy. The two companies have since worked together to research advanced manufacturing and innovation concepts and used their combined aeronautical and automotive expertise to design a concept of industrialization for eVTOL aircraft based on high safety, quality, efficiency and customer focus.

Eve continues to progress in developing its eVTOL. The company also focuses on creating a comprehensive portfolio of agnostic solutions, including a unique Urban Air Traffic Management (Urban ATM) software to optimize and scale Urban Air Mobility operations worldwide.

Eve Partners with Porsche Consulting on eVTOL Global Manufacturing and Logistics

São José dos Campos, SP, Brazil – May 31, 2022 – Eve Holding, Inc. (NYSE: EVEX), a leader in the development of next-generation Urban Air Mobility (“UAM”) solutions and a carve-out from Embraer S.A. (NYSE: ERJ), announced today that it has chosen Porsche Consulting, Inc. to help define the eVTOL (electric vertical take-off and landing) supply chain, global manufacturing and logistics macro strategy.

Considering advanced manufacturing research and innovation, the companies will combine their aeronautic and automotive expertise to support Eve’s implementation plan. The master services agreement that has been entered into by and between the companies includes studies on industrial operation, logistics, supply chain and parts distribution in an unprecedented approach optimized for efficiency, productivity and safety.

The study will address scalability and distributed production as the UAM market evolves to meet projected demand. While digital transformation generates new possibilities for the industry’s use of more agile technologies focusing on business and sustainability goals, comprehensive network solutions are under consideration to meet unique industry needs.

Embraer Delivers First Phenom 300E as Part of Duet Collaboration with Porsche

Embraer (NYSE: ERJ) delivered the first limited-edition Phenom 300E aircraft—part of the Duet collaboration with Porsche (OTC: POAHY) – to an undisclosed customer in Fort Lauderdale, Florida. The aircraft was delivered at Embraer’s state-of-the-art Global Customer Center in Melbourne, Florida.

Duet marks the first-ever true collaboration between leading aviation and automotive manufacturers, pairing the fastest and longest-ranged single-pilot certified jet with the gold standard in production sports cars, the Porsche 911 Turbo S. Embraer and Porsche, both known for world-class engineering, performance, and design, worked in tandem to create a seamless experience from ground to air using matching design elements that are only available in this pairing. Only ten of this limited-edition pairing will ever be produced.

As the world’s fastest and longest-ranged single-pilot business jet, the Phenom 300 series transformed the light jet category. With its unparalleled technology, comfort, and performance, the Phenom 300E sets the highest standard of excellence through best-in-class cabin altitude, high mission flexibility, low operating costs and the best residual value in the industry. The 911 is the heart of the Porsche product portfolio and has one of the longest and most celebrated traditions in the automotive industry. The 911 Turbo S represents the pinnacle of the 911 models and delivers exceptional performance combined with a high degree of everyday usability.

Duet brings the Phenom 300E and the 911 Turbo S into perfect harmony as design inspiration for the aircraft mirrors that of the car, and vice versa. Starting with seats, the sew style on the Phenom 300E seats were patterned after that of the 911 Turbo S. Both vehicles’ seats also feature red pull straps, a Speed Blue accent stitch, and carbon fiber shrouds. The flight deck seats were also redesigned to match the seats of the car. On the exterior, both aircraft and car share a matching paint pallet and scheme, complete with a custom two-tone paint finish and hand-painted pinstripes in Brilliant Chrome and Speed Blue, creating a fluid aesthetic throughout both performance machines.

Embraer Delivers 71 Jets in 4Q20 and 130 Total in 2020

Embraer (NYSE: ERJ) delivered 71 jets in the fourth quarter of 2020, of which 28 were commercial aircraft and 43 were executive jets (23 light and 20 large), which represents a decrease of 10 aircraft in the quarter in comparison with 4Q19.The Company delivered a total of 130 jets in 2020, comprised of 44 commercial aircraft and 86 executive jets (56 light and 30 large), which represents a decrease of almost 35% compared to 2019, when 198 jets were delivered.

Although deliveries accelerated during the fourth quarter of 2020 relative to the three previous quarters, they were heavily impacted, mostly in commercial aviation, due to COVID-19 pandemic. As of December 31, the firm order backlog totaled USD 14.4 billion.

During 4Q20, Embraer Executive Jets delivered the first of the Praetor 600 fleet to Flexjet, the Praetor fleet launch customer. The business unit also announced a collaboration with Porsche to create Duet, a limited-edition Embraer Phenom 300E aircraft and Porsche 911 TurboS car pairing.

In commercial aviation, the Belarusian national air carrier Belavia took delivery of its first E195-E2 jet. Congo Airways placed a firm order for two E195-E2 jets, in addition to their existing two aircraft order for the smaller E190-E2. This new firm order was included in Embraer’s 2020 fourth quarter backlog.

Embraer Defense & Security delivered the fourth C-390 Millennium multi-mission medium airlifter to the Brazilian Air Force (FAB) in the fourth quarter. All 28 units of the aircraft ordered by FAB are equipped to perform aerial refueling missions, with the designation KC-390 Millennium. Embraer also delivered the first two modernized EMB 145 AEW&C (Airborne Early Warning and Control) aircraft, designated E-99, to FAB. Three additional E-99 aircraft will be modernized as part of the contract.

Embraer announced the completion and delivery of the first European conversion of a Legacy 450 to a Praetor 500 for an undisclosed customer. The conversion was performed at the Embraer Executive Jets Service Center at Le Bourget International Airport, in Paris, France.

Lufthansa Innovation Hub Spins-Off Startup RYDES

The Lufthansa Innovation Hub, the central digitalization unit of the Lufthansa Group, spins-off the startup RYDES.  Forward31, the company builder of Porsche Digital, is contributing with its expertise and resources to the venture. Both Porsche and the Lufthansa Group are now strategic minority shareholders in the startup.

“The spin-off and subsequent funding from RYDES has been a great success. Once again, we are proving that startups from corporate digital units can adapt to market conditions. With Forward31, Porsche’s company builder, we have gained an important strategic partner that shares and further enhances our vision of a seamless mobility chain,” says Gleb Tritus, Managing Director Lufthansa Innovation Hub.

“The Lufthansa Innovation Hub is an authority on the development of new business models. Together with such a strong partner and the founding team, we look forward to continuing the successful development of RYDES in the future,” says Christian Knörle, Head of Company Building at Porsche Digital.

The aim of RYDES is to redefine and simplify access to modern mobility. For this purpose, the startup bundles existing mobility offers in one app and makes them accessible via the “Mobility Budget”. The new product allows companies to provide their employees with a monthly budget that they can use for various mobility services. These include car and bike sharing services, e-scooters, shared taxis, and public transport services. The different mobility providers are integrated into the RYDES app and users can use the app to book their trips and manage their budget. All journeys booked through RYDES are offset via the “Compensaid” platform and therefore CO2 neutral.

One-stop shop for mobility as B2B offer

RYDES focuses on companies that want to offer mobility to their employees as an additional benefit. In this way, RYDES is also meeting the demand for mobility services that is emerging in the context of “new work” and the trend towards flexible and decentralized employment. RYDES’ first customer is the flex-office provider WeWork. Companies and freelancers who have a membership with WeWork can use the RYDES offer. WeWork will make the offer available as soon as possible under the relevant Corona guidelines.

The “Mobility Budget” will initially be available in German-speaking countries. In order to drive further growth as well as the startup’s internationalization, Martin Miodownik is expanding the founding team. Martin Miodownik’s who was employee number one at GetYourGuide later assumed the role of VP Global Sales. In this position, he was responsible for the global expansion of the Berlin-based unicorn.

RYDES was founded in 2018 as part of the Lufthansa Innovation Hub. The company’s initial business idea focused on developing a loyalty program that rewards people for using different mobility services. With the ‘Mobility Budget’, RYDES now goes one step further and combines the booking of services in one app, making travel much more convenient.

Embraer and Porsche Announce Design Collaboration on Limited Edition Duet

Melbourne, Florida, November 5, 2020 — Two global companies at the forefront of technology and innovation, Embraer and Porsche, have collaborated to create Duet, a limited-edition, limited-quantity Embraer Phenom 300E aircraft and Porsche 911 Turbo S car pairing. Both known for world-class engineering, performance, and design, Embraer and Porsche will produce just ten pairs of business jets and sports cars, providing a truly seamless experience from road to sky, for the first time in history.

“Duet is an exclusive package developed in a unique design collaboration with Porsche. This rare, refined combination will only be available through this one-time-only pairing,” said Michael Amalfitano, President & CEO, Embraer Executive Jets. “In the spirit of delivering the ultimate customer experience, we are fusing two of the most notable brands in the aerospace and automotive industries, bringing together the pinnacle in production sports cars with the market benchmark in light jets, once again proving that we don’t simply follow trends — we create them.”

Duet brings the Phenom 300E and the 911 Turbo S into perfect harmony. As the world’s fastest and longest-ranged single-pilot business jet, the Phenom 300 series transformed the light jet category. From its revolutionary, award-winning interior design, with an abundance of cabin and baggage space to its highly intuitive avionics, this well-rounded machine delivers unmatched performance, exceptional comfort, and class-leading technology, at enviably low operating costs, with features previously available only on much larger jets. The 911 is the heart of the Porsche product portfolio and has one of the longest and most celebrated traditions in the automotive industry. The 911 Turbo S is the peak of the 911 models and stands for both performance and usability.

“Porsche and Embraer share a host of common values,” said Alexander Fabig, Vice President Individualization and Classic at Porsche AG. “As part of our cooperation, we used the know-how of both brands to work jointly on a unique pair of vehicles that are equally attractive for the customer group of jet and sports car owners.” Designed in tandem, Duet fuses speed and style, luxury and power — signatures of both the Phenom 300E and Porsche 911 Turbo S. The most successful business jet of the decade (2010-2019) meets the gold standard in production sports cars, resulting in a uniquely designed jet and car, both featuring a customized interior and paint scheme inspired by one another.

“This is the perfect marriage of car and jet, as personified by the exclusive collaboration logo. The logo brings together the aeronautical requirement of lift — depicted by the Phenom 300E winglet — with the automotive requirement of downforce — depicted by the rear wing of the flagship 911. To further solidify this symbiotic partnership, the aircraft registration number appears on both the car’s rear wing and the sides of its key,” said Jay Beever, Vice President of Embraer Design Operations.

The exclusive collaboration logo is embossed on the seat headrests of the aircraft (lift) and debossed on the seat headrests of the car (downforce), as well as featured on the aircraft sideledge, speaker grills, and mounted near the main door. Each pairing also features a special badge, representing one of only ten delivered. The customer will have the option to select the location of a blue chip, reflective of their position among the ten units, according to their preference.

To create a seamless transition from aircraft to car for this exclusive set of customers, design inspiration for the aircraft mirrors that of the car, and vice versa. Starting with seats, the sew style on the Phenom 300E seat was patterned after that of the 911 Turbo S. The seats in both vehicles feature red pull straps, a Speed Blue accent stitch, and carbon fiber shrouds to create a shared connection. The cockpit seats of the Phenom 300E were redesigned to match the car. In the 911 Turbo S, Porsche introduced a unique color combination for the steering wheel to match the aircraft’s yoke, with a Speed Blue accent at 12 o’clock, as well as the first Chalk Alcantara trim roof lining — an homage to the aircraft. To round out the interior, the stopwatch of the Sport Chrono package features an artificial horizon inspired by instrumentation in the aircraft cockpit.

The aircraft and car share the same exterior paint pallet and general scheme. For the first time, Porsche has combined gloss and satin-gloss paintwork. The upper part of the car is finished with Platinum Silver Metallic, transitioning to Jet Grey Metallic at the bottom. Dividing the two paint colors is a trim strip with lines in Brilliant Chrome and Speed Blue. The car is entirely hand-painted, which is unique to this project and reflective of the Phenom 300E paint process. The alloy wheels of the 911 Turbo S are painted in Platinum Silver Metallic, using a revolutionary laser process to expose a Speed Blue underlay on the rim flange. The air intakes of the 911 Turbo S are painted in Brilliant Chrome to match the leading edge nacelles of the aircraft. The LED door projectors cast the Duet collaboration logo on the ground, and the door sill trims feature “No Step” lettering, like the messaging on an aircraft wing.

The exclusive Duet Porsche 911 Turbo S can only be purchased in tandem with its sibling Phenom 300E. To mark this first ever collaboration between Embraer, Porsche AG, and Porsche Design, Duet customers will also receive a custom Duet logo luggage set with a pilot’s bag and two weekenders, as well as a special edition Porsche Design 1919 Globe timer UTC titanium-case watch inspired by the aircraft’s cockpit.

Ten limited-edition pairs of the Duet are now available for order. Deliveries will begin in 2021.

Porsche Debuts The Taycan 4S, Its ‘Entry Level’ Electric Car

Porsche announced on Monday the expansion of its electric-vehicle lineup. A month after revealing its Taycan Turbo and Turbo S, Porsche debuted its “entry-level model,” the Taycan 4S.

Taycan 4S pricing starts at $103,800 — a steal compared to the $150,900 Taycan Turbo or $185,000 Turbo S, but far less accessible than other EVs on the market.

Porsche is owned by Volkswagen AG.

How The 4S Compares In The Series

The Taycan 4S comes in a Performance Battery version (79.2 kiloWatts per hour) and a Performance Battery Plus version (93.4 kiloWatts per hour), each of which is less powerful than the original models. The 4S delivers up to 420 kiloWatts (630 horsepower) compared to the Turbo’s 500 kiloWatts and the Turbo S’s 560.

Click the link to view the full story! https://finance.yahoo.com/news/porsche-debuts-taycan-4s-entry-151539607.html

Porsche and Boeing Partner on Premium Urban Air Mobility Market

– Companies sign MOU to investigate product development for premium market

– Builds on efforts to develop new urban air mobility ecosystem

STUTTGART, Germany and CHICAGO, Oct. 10, 2019 /PRNewswire/ — Porsche and Boeing [NYSE: BA] signed a Memorandum of Understanding to explore the premium urban air mobility market and the extension of urban traffic into airspace. With this partnership, both companies will leverage their unique market strengths and insights to study the future of premium personal urban air mobility vehicles.

“Porsche is looking to enhance its scope as a sports car manufacturer by becoming a leading brand for premium mobility. In the longer term, this could mean moving into the third dimension of travel,” says Detlev von Platen, Member of the Executive Board for Sales and Marketing at Porsche AG. “We are combining the strengths of two leading global companies to address a potential key market segment of the future.”

As part of the partnership, the companies will create an international team to address various aspects of urban air mobility, including analysis of the market potential for premium vehicles and possible use cases.

Boeing, Porsche and Boeing subsidiary Aurora Flight Sciences are also developing a concept for a fully electric vertical takeoff and landing vehicle. Engineers from both companies, as well as Porsche subsidiaries Porsche Engineering Services GmbH and Studio F.A. Porsche, will implement and test a prototype.

“This collaboration builds on our efforts to develop a safe and efficient new mobility ecosystem, and provides an opportunity to investigate the development of a premium urban air mobility vehicle with a leading automotive brand,” said Steve Nordlund, Vice President and General Manager of Boeing NeXt, an organization that is laying the foundation for a next-generation mobility ecosystem in which autonomous and piloted vehicles can safely coexist. “Porsche and Boeing together bring precision engineering, style and innovation to accelerate urban air mobility worldwide.”

A 2018 study by Porsche Consulting forecasts that the urban air mobility market will pick up speed after 2025. The study also indicates that urban air mobility solutions will transport passengers more quickly and efficiently than current conventional means of terrestrial transport, at a lower cost and with greater flexibility.

Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As the top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Boeing employs more than 150,000 people worldwide and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.

Ferrari Will Expand its Lineup of Road Cars

PEBBLE BEACH, Calif. (Reuters) – Italian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche’s annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.

Elkann also reiterated that Fiat Chrysler Automobiles NV, of which he is chairman, remains open to opportunities to combine with other automakers, but is positioned to remain independent. Fiat Chrysler in May proposed a merger with French automaker Renault SA, but the deal fell apart after the French government intervened and Elkann withdrew the proposed merger.

Fiat Chrysler Chief Executive Mike Manley sent the same message to Renault and other would-be partners earlier this month.

Elkann visited Pebble Beach during the annual Concours d’Elegance, during which wealthy collectors bring some of the world’s rarest vintage automobiles to be admired — and sold — and premium manufacturers showcase exotic new models.

Ferrari is best known for flashy, high performance sports cars. Among fans of vintage Ferraris, more understated GT, or grand touring, cars from the 1960s, some with seating for four people, are among the most popular models on auction blocks and at enthusiast events. GT cars were designed to be comfortable on longer road trips.

Elkann hinted Ferrari will unveil a new GT type car in November. Ferrari has said previously that about 40% of its total sales could come from GT cars by 2022, up from 32% now.

Ferrari has outlined plans to expand revenue to 5 billion euros ($5.54 billion) by 2022 from 3.4 billion euros in 2017. The company has said it plans to add a model called the Purosangue to compete with a growing stable of sport utility vehicles wearing premium sports car brands, such as the Lamborghini Urus.

Rival Porsche AG, a unit of Volkswagen AG, has expanded its sales to more than 250,000 sports cars and sport utility vehicles annually. Elkann said Ferrari is not aiming for Porsche’s level of sales.

($1 = 0.9018 euros)

(Reporting By Joe White; editing by Diane Craft)

Canada’s Answer to Tesla Is a $15,500 Electric 3-Wheeler

(Bloomberg) — It’s all-electric like a Tesla. It’s priced like a Ford Fiesta. It’s one of the oddest-looking vehicles you’ve ever seen — and it may just redefine the commuter car.

As General Motors Co. prepares to shut the plant near Toronto that got car-making started in Canada more than a century ago, a new model is taking shape in a tiny production facility in Vancouver’s outskirts.

Meet the Solo — a one-seater vehicle made by Electra Meccanica Vehicles Corp. that costs $15,500. By December, 5,000 will be zipping around the streets of Los Angeles, with an additional 70,000 to be delivered over the next two years across the West Coast. Electra Meccanica may have a market value of just $80 million, yet it has $2.4 billion in pre-orders. The stock almost doubled in New York Wednesday.

Click the link for the full story! https://finance.yahoo.com/news/tesla-apos-latest-competitor-15-220000179.html

The company also has designs on the 4-wheel market…