Porsche to enter stock market before end of 2022

Porsche displays the 911 Targa 4 GTS, at right, at the AutoMobility LA Auto Show on November 18, 2021, in Los Angeles.

"In the event of a successful IPO, Volkswagen AG will convene an extraordinary general meeting in December 2022 at which it will propose to its shareholders that a special dividend amounting to 49 percent of the total gross proceeds from the placement of the preferred shares and the sale of the ordinary shares be distributed," it added.

The outbreak of the war has sown uncertainty in financial markets, sending stocks tumbling and clouding the outlook for the economy. In doing so, the family would hold a blocking minority that will allow them to steer the future of the group that bears their name. The Wolfsburg-based group is pumping tens of millions into the strategy, including building a clutch of battery factories across Europe and the US.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Electric Cars=23% of New Zealand Auto Market, Tesla=12%New Zealand has gotten the electric car fever, and August showed that more than ever before. Last month, 23% of new auto sales were sales of fully electric cars. (Adding in hybrids would bring the Hey team. Not sure what’s happened here but these numbers are way off. 18,895 passenger sales last month. Almost 30k all types Yeah, nah. These numbers are way off. Think you got your wires crossed somewhere lol.
Source: cleantechnica - 🏆 565. / 51 Read more »