FRANKFURT: Volkswagen's shares surged more than 9per cent on Tuesday, lifting its market value towards US$150 billion as the world's second-largest carmaker gave more details about its ambitious expansion in electric driving.
Asked about a closely-watched potential listing of luxury division Porsche AG, Diess said there was no need for immediate action given Porsche's importance to group turnaround efforts.Advertisement Volkswagen's common stock, meanwhile, leapt by as much as 29per cent, its biggest intraday gain since a famous short-squeeze in 2008 during which the carmaker briefly became the world's most valuable company.
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