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Volkswagen : Report of the Supervisory Board (pre release), speech by Hans Dieter Poetsch Chairman of the Supervisory Board May 22, 2024

Volkswagen : Report of the Supervisory Board (pre release), speech by Hans Dieter Poetsch Chairman of the Supervisory Board May 22, 2024
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Volkswagen : Group Corporate Governance Declaration 2023 - 2024-03-13 -March 13, 2024 at 03:08 am EDT

Wolfgang Porsche: VW s family ownership not behind share price tumble

Volkswagen Group's share price is near a three-and-a-half year low that some investors have blamed on corporate governance issues related to the company's ownership structure.

Volkswagen s family ownership not behind share price trough

Volkswagen's languishing share price, which is near a three-and-a-half year low, is not the result of ownership control by the Porsche and Piech families, one of its most powerful members said on Monday. Wolfgang Porsche, the grandson of Ferdinand Porsche who founded the sportscar manufacturer that still bears his name, called on Europe's top carmaker to cut more costs and become more efficient. Volkswagen's low valuation, which some investors trace back to Volkswagen's ownership structure related corporate governance issues, has been a long-standing problem that even the landmark listing of its Porsche AG division last year has failed to solve.

Volkswagen s family ownership not behind share price trough - Wolfgang Porsche

Volkswagen s languishing share price, which is near a three-and-a-half year low, is not the result of ownership control by the Porsche and Piech families, one of its most powerful members said on.

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