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Briefs for Saturday

UPDATED: Fri., Nov. 6, 2020

Porsche boss Oliver Blume indicated this week that plans for a 100% battery-powered Porsche 911 is a long way off – if ever.

The decision to keep the two-door sports car powered by internal combustion comes as an outlier to the company’s plan, according to Blume, that by 2025, half of all Porsche vehicles sold will be electrified-either fully battery electric or plug-in hybrid.

It is also likely to hearten the legions of Porsche faithful who drive the 56-year-old model exactly because it retains the tactile urgency and grit of gas-fueled machines rather than the immediate but silent, gear-less power found in electric cars.

Virus fizzles Canada recovery

Canada’s economy added 83,600 jobs in October, the fewest since the recovery began in May, as the country suffers through a second wave of coronavirus cases and fresh lockdowns.

The numbers mark a sharp deceleration from 378,000 jobs added in September, and average gains of 395,000 over the past six months. Economists were expecting a gain of 75,000 jobs.

Rising covid-19 cases prompted authorities to close businesses again in major metro areas like Montreal, Toronto and Ottawa, causing a new wave of job losses in affected industries.The recovery was headed for a slowdown even before the recent surge in virus cases. After an initially strong rebound, the economy is expected to enter a drawn-out recuperation phase that could take years to play out.

From wire reports

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