Volkswagen expected to rubber-stamp landmark Porsche IPO plan -source

Volkswagen expected to rubber-stamp landmark Porsche IPO plan -source

HAMBURG/FRANKFURT — Volkswagen’s supervisory board is expected to approve a plan to list sportscar maker Porsche in a much-anticipated initial public offering, a person familiar with the matter told Reuters on Monday. The board is currently in session and expected to vote in favor of a listing…

Volkswagen CEO: smart cars, not e-cars, are ‘gamechanger’

Volkswagen CEO: smart cars, not e-cars, are ‘gamechanger’

MUNICH — Volkswagen head Herbert Diess on Sunday said autonomous cars, not electric vehicles, were the “real gamechanger” for the auto industry, which is facing the end of combustion engines in Europe by 2035. Diess’ comments signal the pace at which the 62-year old tries to transform Europe’s largest carmaker by basically saying that the…