Porsche AG Benefits From Being Part Of Volkswagen Group, CEO Says
Highlights
Porsche AG, part of the Volkswagen Group, profits from being part of Volkswagen, its CEO Oliver Blume said on Wednesday, following speculation that an IPO of the luxury unit could be on the cards.
"We feel very comfortable in the Volkswagen Group, we can profit from synergies. The important thing in this time is to focus on transformation," Blume said, speaking at a car industry conference organised by autos publication Automobilwoche in Ludwigsburg, Germany.
Germany's Manager Magazin reported in October that investment bank Goldman Sachs and law firm Freshfields were among advisors working on a possible listing of the unit.
Volkswagen's CEO Herbert Diess said on Oct. 28 the company was constantly reviewing its portfolio but provided no further comment.
Also Read: Volkswagen Virtus Review: 1.0 TSI And 1.5 TSI Automatics Driven
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Last Updated on November 11, 2021
Great Deals on Used Cars
View All Used Cars- 46,324 km
- Petrol
- AMT
- 35,000 km
- Petrol+CNG
- Manual
- 19,000 km
- Diesel
- Automatic
- 16,178 km
- Diesel
- Automatic
- 19,798 km
- Petrol
- Manual
- 5,903 km
- Petrol
- Manual
- 25,279 km
- Diesel
- AMT
- 29,070 km
- Diesel
- Manual
- 19,398 km
- Diesel
- Manual
- 13,870 km
- Petrol
- Manual
Upcoming Cars
Upcoming Bikes
Explore More
Latest News
Related Articles