Porsche Deal Doesn’t Reflect Well on Europe’s Battery Drive
Varta, the cell supplier to 911 sports cars, is better known for batteries used for TV remotes and other household devices.
Porsche 911 hybrid sports cars.
Source: Porsche AG
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Investors could be forgiven for puzzling over Porsche’s decision to help bail out Varta, a company much better known for making batteries that go into hearing aids and TV remotes than supplying cells to 911 sports cars.