Porsche, VW’s Billionaire Owners Weigh Defense Investment
Porsche SE said it has €2 billion ($2.16 billion) in liquidity and doesn’t intend to take on additional debt for another investment.
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The billionaire family controlling Porsche AG and Volkswagen AG is eyeing a major investment in the defense industry as its automakers struggle with rising trade tensions and muted demand.
Porsche Automobil Holding SE, the listed holding company of the Porsche-Piëch clan, is considering a third long-term anchor investment in industries that overlap with the mobility and industrial technology sectors, it said Wednesday.