1623 GMT - Volkswagen's recent struggles in China could lead to a breakup of the group that houses brands such as Porsche, Audi and Skoda, AlphaValue's Adrien Brasey says. The German company could split into two businesses--one focused on China and another focused on the rest of the world, the analyst says. The China-focused business could potentially look for a partnership with a Chinese automaker to use software and expertise, Brasey says. The business focused on the rest of the world could use Rivian's software, the analyst says, referring to the recent partnership between Volkswagen and the U.S. electric-vehicle maker. Volkswagen shares rise 1.3%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
December 18, 2024 11:23 ET (16:23 GMT)
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