Deals
VW Keeps Options Open for Luxury-Car IPO Amid Efficiency Drive
- Focus is on generating internal cost savings across car brands
- CFO Witter says other proposals ‘might be down the road’
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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.