Porsche wants its investment in Volkswagen to generate a return of at least 10%, Porsche reportedly said on Tuesday following weekend news it planned to buy a 20% stake in VW.
Go deeper with GlobalData
“We expect a double-digit ROI on Volkswagen,” a spokesman for the luxury carmaker told Reuters.
He reportedly added that Porsche would discuss with VW in the near future the purchase of the latter’s own treasury shares that comprise 13% of the group’s voting rights.
“We will also talk to VW about their treasury shares, but whether we can even get any of them or only just a portion of them is not clear,” he told the news agency, adding that Porsche still has a stake of less than 5% in VW.
Reuters noted that Porsche has defended its plans to take a stake in Europe’s biggest carmaker as a step it needs to ensure stable ties with a company that supplies content for 30% of its sales volume.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
