zzdcar
Home
/
Reviews
/
Culture
/
Volkswagen Might Spin Off Porsche: Report
Volkswagen Might Spin Off Porsche: Report-May 2024
2024-02-19 EST 22:12:27

Image for article titled Volkswagen Might Spin Off Porsche: Report

Pretty much every automaker at Tesla, what with its high-flying stock price and piles of free publicity and increasingly, . Volkswagen, I guess, is no different.

That’s at least , which says that Volkswagen is thinking about possibly listing its Porsche brand on the stock exchange, or maybe even spinning it off altogether. That would be one way to capitalize on the Porsche name and, at least for now, capitalize on the for automakers who seem like they have the slightest clue.

The usual anonymous people familiar with the situation are involved. From :

The world’s second-largest carmaker is speaking with advisers to study the merits of a potential initial public offering or spinoff of Porsche, the people said, asking not to be identified discussing confidential information. VW could use any proceeds from a listing for acquisitions or technology investments, according to the people.

[...]

A Porsche listing could take place next year, though no firm timetable has been decided, the people said. VW plans to keep a majority stake if it pursues an IPO of the business, according the people.

Deliberations are ongoing, and there’s no certainty they will lead to a transaction, the people said. A representative for VW declined to comment.

As a reminder, Volkswagen either owns or has majority stakes in Audi, Lamborghini, Bugatti, Bentley, SEAT, Skoda, Ducati and Scania, in addition to Porsche, which is a lot of marques. And it was probably a matter of time before VW began to wonder how it could put one of those to better use, with the stock market heating up for certain car stocks as fine an excuse as any — if this does go through.

VW’s CEO Herbert Diess certainly does seem curious.

“Despite all efforts, we’re currently in a rather more difficult situation than in 2018, when I took office,” Diess . “What really has changed — and what I hadn’t expected to this extent — is the view of capital markets on our industry.”

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Culture
The Aston Martin Victor Is The Most Incredible Car Ever Made From Spare Parts
The Aston Martin Victor Is The Most Incredible Car Ever Made From Spare Parts
With an 836-horsepower V12, a six-speed manual transmission, and an ultramodern all-carbon chassis clothed in a high-downforce retro body, everything about the feels deliberate. Orchestrated. Actually, it was built out of a bunch of spare parts Aston Martin forgot it had lying around. I get excited when I find...
May 6, 2025
34 States Are Ignoring A Law That Would Make It Easier To Go On Road Trips
34 States Are Ignoring A Law That Would Make It Easier To Go On Road Trips
Americans pride themselves on loving the freedom of the open road, yet many states are straight-up ignoring a 9-year-old law that would make it easier for road trippers to experience the whole of this great country while helping generate the revenue states crave. What gives? Memorial Day weekend is...
May 6, 2025
Here's What Some Of Jalopnik's Cars Are Worth, According To Carvana
Here's What Some Of Jalopnik's Cars Are Worth, According To Carvana
The twelve writers and editors of Jalopnik . That works out to an average of 4.08 cars per writer. Considering used car prices , you might think we’re collectively sitting on a small fortune, until you consider that rust buckets make up a disproportionately large number of these and...
May 6, 2025
Woman Speeds Through Vaccination Site In Show Of Support For Ongoing Pandemic
Woman Speeds Through Vaccination Site In Show Of Support For Ongoing Pandemic
One of the less horrible, but more annoying consequences of the Covid-19 Pandemic is the amount is that we’re hearing more from vaccine skeptics, and at times, being forced to deal with their wacky bullshit. That’s what has recently happened in Tennessee. that a woman was willing to potentially...
May 6, 2025
The 2022 Civic Has A Pretty Fun Easter Egg That I Think You Could Make Into A Model
The 2022 Civic Has A Pretty Fun Easter Egg That I Think You Could Make Into A Model
I’m not exactly sure when automakers fully embraced the idea that for a little extra time when you’re designing injection-molded plastic bits for your car, you can include little visual treats that make people happy. And, generally, this plan works! People love finding little surprises (fun stuff, not a...
May 6, 2025
This Old Honda Beat Is The Best Car I've Ever Owned
This Old Honda Beat Is The Best Car I've Ever Owned
I’m finally back home after picking up . As soon as I saw the day’s sunny forecast I knew I had to take it for my first drive. This rad little thing is now my favorite car. I know I’ve been flooding you readers with non-stop Beat content even...
May 6, 2025
Copyright 2023-2025 - www.zzdcar.com All Rights Reserved