German carmaker Porsche is withdrawing from the luxury sports car manufacturer Bugatti. Its 45% stake in the Bugatti Rimac joint venture is being sold to a consortium led by the private equity firm HOF Capital,

It started with Teslas putting supercars to shame. Now, it's a whole industry-wide push to see whose grocery getter can make the quickest school run. Everything from electric off-roaders to BYD's latest flagship SUV already breaks the 600-plus-horsepower mark.