Gearhead News

February 19, 2021
VW Group reportedly mulls Porsche IPO

Volkswagen Group may be looking at a Porsche spinoff in its quest to raise funds for its extensive electric vehicle and software development programs. Citing a source at the automaker, Manager Magazin reported Thursday that VW Group is considering a partial float of Porsche. According to the source, VW Group could float as much as 25% of… [#item_URL]