HAMBURG Volkswagen is considering a listing of its luxury car division Porsche AG to rake in cash needed for the group s shift towards software and electr
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Volkswagen is considering a listing of its luxury car division Porsche AG to rake in cash needed for the group's shift towards software and electric vehicles, a person familiar with the matter said on Thursday. "Those considerations exist," the source said, but cautioned the idea was still far from being discussed in committees and that any listing was not to be expected in 2021. Manager Magazin had reported the news earlier, boosting Volkswagen shares by as much as 5.7%.
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