Even if we just sold our 12 year old 911 with 130,000 miles on it, I still love following the marque. As VW looks at set porsche loose again as an independent manufacturer. It wasn’t so long ago that Porsche was going to purchase VW. My guess VW needs funds to build electric cars.
Volkswagen is pursuing an IPO of its lucrative Porsche division, aiming to capitalize on the luxury brand’s sales momentum and electric future, Nathan writes.
Porsche sales have been on a roll for years as the brand has capitalized on the world’s transition to SUVs, having popularized the Macan and Cayenne models.
Driving the news: The German automaker plans to sell 25% of its Porsche shares — half to the Porsche family and half through the IPO.
The offering could value Porsche at $59.8 billion to $84.6 billion, the WSJ reported.Axios Closer By Hope King and Nathan Bomey · Sep 06, 2022