Volkswagen considering Porsche IPO to fund switch to EVs – reports
The Porsche and Piëch families are considering selling part of their VW stake to fund a substantial shareholding in a possible Porsche IPO, according to Germany's Handelsblatt
Company
Volkswagen Group
XETRA:VOW
The Volkswagen Group with its headquarters in Wolfsburg is one of the world’s leading automobile manufacturers and the largest carmaker in Europe. In 2014, the Group increased the number of vehicles delivered to customers to 10.137 million (2013: 9.731 million). The share of the world passenger car market amounts to 12.9 percent. In Western Europe, more than one in four new cars (25.1 percent) is made by the Volkswagen Group. Group sales revenue in 2014 totaled €202 billion (2013: €197 billion), while profit after tax amounted to €11.1 billion (2013: €9.1 billion). The Group comprises twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN.
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VW/Audi board set for talks with McLaren over partnership and F1 entry - report
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