Monday, May 6, 2024
HomeManufacturing and Production NewsVolkswagen considering hiving off its profitable Porsche division

Volkswagen considering hiving off its profitable Porsche division

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HAMBURG (CU)_Automotive giant Volkswagen recently revealed that it is considering breaking away from its profitable Porsche division into a separate entity with its own stock listing. The announcement came as a surprise, given the fact that Porsche supplies a third of the profits of its parent company Volkswagen, one of the world’s largest car makers.

Nevertheless, the move is aimed at raising money to…

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