VW CEO Puts Hopes for Porsche IPO on the Back Burner
Source: Porsche
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Volkswagen AG Chief Executive Officer Herbert Diess appeared to pour cold water on plans for a possible listing of the Porsche sports-car brand.
Europe’s biggest carmaker listed the Traton SE trucks unit two years ago and plans to tap external funding for battery ventures, but isn’t looking to divest other assets at this point in time, Diess said Thursday.