Porsche AG Eyes Wider Margins After $1.2 Billion Sale of Bugatti, Rimac Stakes
26 Articles
26 Articles
This operation comes at a time when the Volkswagen Group (which is part of Porsche) is undergoing a profound restructuring process, which provides for the dismissal of more than 100,000 workers.
Porsche will raise one billion euros from the sale of its stakes in Bugatti Rimac and the Croatian Rimac Group, Bloomberg reports. We will also cover similar topics at our Portfolio Investment Day conference on October 21. One of the biggest investment events of the year is coming, where professional experts will tell you what is worth investing in now. Register here.
Porsche has sold its shares in the luxury brand Bugatti as well as in the e-car manufacturer Rimac. The money saved needs the company, among other things, for pension obligations.
Porsche collects a billion dollars with the sale of Bugatti and Rimac. What's behind the decision and what happens to the extra millions?
Porsche collects a billion dollars with the sale of Bugatti and Rimac. What's behind the decision and what happens to the extra millions?
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
