 "Volkswagen keeps options open for luxury-car IPO amid efficiency drive")
Volkswagen AG Chief Financial Officer Frank Witter was asked this week whether the world’s largest carmaker would be open to selling shares in the luxury-car unit that includes Porsche and Lamborghini.
He didn’t say no to the option, which could potentially unlock billions of dollars in value for Volkswagen investors.
“It is a legitimate question, without a doubt,” Witter said Wednesday, speaking in a Bloomberg Intelligence webinar for investors and analysts in London. The focus for now is preparing Volkswagen’s heavy-trucks division for a potential IPO, and making the German manufacturer’s 12 automotive brands to work together more
He didn’t say no to the option, which could potentially unlock billions of dollars in value for Volkswagen investors.
“It is a legitimate question, without a doubt,” Witter said Wednesday, speaking in a Bloomberg Intelligence webinar for investors and analysts in London. The focus for now is preparing Volkswagen’s heavy-trucks division for a potential IPO, and making the German manufacturer’s 12 automotive brands to work together more
