Porsche aims to offer hybrids across model range - CEO in paper

Porsche's CEO, Oliver Blume, has spoken to a German newspaper about his disdain of autonomous driving aids that other car-makers are rushing to develop.

Porsche definitely sparked headlines earlier this week by announcing that it is not following other automakers in trying to develop a self-driving vehicle by 2020, opting to stay out of autonomy, altogether, and continue focusing on giving customers the ultimate driving rush, instead. "No, no and three times no", Blume said later in the interview. "An iPhone belongs in your pocket, not on the road", he told the newspaper.

Porsche said last month it would spend about 1 billion euros ($1.08 billion) on production facilities at its biggest plant to make its first ever all-electric sports auto, reflecting parent VW's growing commitment to increase its electric offerings as it struggles to overcome the diesel emissions scandal.

Additionally, as we previously reported, Porsche's board approved the Mission E Tesla-fighting sedan late past year.

Tech companies such as Google and Apple have plans to take their driverless cars to the market in the future. He's right too, at least for the most part.

It's a manufacturer of vehicles to a specific niche of buyers who enjoy the pure driving pleasure of one of the most recognizable luxury automotive brands in the world.

The market penetration of vehicles with autonomous features is expected to reach 13 percent by 2025, representing a market of roughly $42 billion, Boston Consulting Group said.