Porsche has long been Volkswagen's cash cow, contributing 50% of its pretax earnings. The sports car maker sold more than 300,000 new cars in the last business year.

It would strengthen our ability to further execute our strategy.” Reuters reports Volkswagen is expecting a valuation for Porsche between $60-$85 billion post IPO.

Porsche SE, the Porsche-Piëch family’s holding company said on Wednesday that it was seeking “other investors and strong partners” to invest in defence start-ups alongside it, in a bid to tap into ...

Volkswagen will retain 75 percent ownership of Porsche, but the voting shares will give its heirs a blocking minority, granting them greater control over the company and its board going forward.

VW’s Porsche IPO should be a corporate finance victory lap. By spinning off the brand, the German carmaker could be worth 90 billion euros, giving its parent a chunky cash windfall.

Porsche won't join China 'pricing war' Porsche on Wednesday reported an annual drop in operating profit to 5.6 billion euros ($6.1 billion) in 2024, down from 7.28 billion euros in the previous year.

Porsche AG and Volkswagen AG’s owners are setting up a fund to make defense-industry investments, hoping to ride a surge in European military spending.Porsche Automobil Holding SE, the holding company ...

It created Porsche SE as a holding for that purpose in 2007 and started buying Volkswagen Group shares. In 2009, the international financial crisis left Porsche SE with €10 billion in debt.

VW added that existing industrial cooperation between Volkswagen and Porsche would be “comprehensively continued.” Originally Published: September 19, 2022 at 5:34 PM EDT ...

VW last year announced a five-year $100 billion spending plan to electrify its fleet of cars so as to compete with Elon Musk’s Tesla. The company has come under pressure to sell off its Porsche ...

VW Group and its largest shareholder, Porsche SE, are in 'advanced discussions' about a potential flotation of the Porsche brand. February 22, 2022 04:52 AM Staff and wire reports ...