VoltIn view of the high investment in new battery factories and autonomous vehicles, olkswagen does not rule out further financial needs.The Chairman of the Supervisory Board stated that the Wolfsburg-based group is currently able to cover the cost of transitioning from the free inflow of funds, because the business is running well Hans Dieter Boch Reuters said in an interview published on Tuesday. “As a result, we can both pay generous dividends and pre-finance our business without any problems,” Pötsch said.
“But of course, the environment we live in cannot rule out the possibility of investing larger amounts, such as in the field of autonomous driving.”
Porsche goes public
Pötsch did not comment on a possible IPO Porsche AG. From today’s perspective, the financial situation of the group looks relatively comfortable. “And in the large-scale planning rounds we conduct every year, we regularly check where there is demand.” Pötsch did not mention the possibility of financing projects, nor did he specify which projects might be.
The chairman of the board of supervisors simply said: “A savvy financier will always have a list of methods that can be taken to provide the company with greater financial flexibility.”
Chief Executive Herbert Diess recently stated that he would not prioritize some possible IPOs of the Stuttgart sports car subsidiary. Nonetheless, investors hope that Volkswagen will not object to taking such steps. Reuters It was reported in May that insiders were quoted as saying that family owners Porsche and Piëch had simulated the Porsche IPO scenario.
Group reorganization is basically completed
Pötsch also stated that the restructuring of the Volkswagen Group has basically been completed. “We have formed a number of high-quality brands around Audi. These include Bentley, Lamborghini and Ducati. Nothing should change this.” Investors have long speculated that the luxury sports car brand Lamborghini and the Italian motorcycle manufacturer Ducati might be sold. Di.
Pötsch served as the group’s chief financial officer for a long time before being promoted to the top of the supervisory board after the diesel scandal in 2015. He was also the CEO of Porsche SE. The Porsche and Piech families hold the majority of shares in the Wolfsburg-based car company through this holding company.
