View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Dashboard
  2. Deals
June 30, 2022

VW still eyeing Porsche IPO

IPO would give the luxury brand more freedom.

By Graeme Roberts

Despite market volatility, Volkswagen was still working toward an initial public offering (IPO) for Porsche in the fourth quarter that would give the luxury brand more freedom, the VW finance chief has said.

“We are optimistic we can pursue this project in the fourth quarter,” chief financial officer Arno Antlitz said at the Reuters Automotive Europe conference in Munich.

“Porsche would gain entrepreneurial freedom, we can expect a lot from them.”

He told Reuters there was still plenty of investor appetite and capital available for an IPO.

“All the reasons we should pursue that project are still in place,” he said.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto