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“We are optimistic we can pursue this project in the fourth quarter,” Chief Financial Officer Arno Antlitz said at the Reuters Automotive Europe conference in Munich. “Porsche would gain entrepreneurial freedom, we can expect a lot from them.”
He added there was still plenty of investor appetite and capital available for an IPO.
“All the reasons we should pursue that project are still in place,” he said.
Like other major carmakers, world No. 2 Volkswagen is in the middle of an expensive transition to electric vehicles.
($1 = 0.9511 euros)
