Volkswagen's China Struggles Could Lead to Group Breakup -- Market Talk

Dow Jones12-19

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)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment