Holding company Porsche SE, the main shareholder of Volkswagen Group, reported a net loss of 2.22 billion euros in the first half, approximately 54 billion crowns. In the same period a year ago, the company was in profit of 338 million euros. The decline is related to high write-downs of the value of the Volkswagen stake. ihned.cz ↗
The leadership of Porsche SE is pressuring faster changes at Volkswagen due to developments in its key investment. According to available information, it is calling for acceleration of the savings program in Wolfsburg and for decisions on disputed issues concerning the future shape of the conglomerate. Porsche SE Chief Hans Dieter Pötsch stated that Volkswagen is at a historic turning point and warned that postponing decisions could further exacerbate problems. ihned.cz - byznys ↗
A new development in the situation is also the decision by the European Commission, which approved Volkswagen's sale of a 51-percent stake in the Everllence division. The conglomerate is expected to receive 7.4 billion euros for the transaction. Five German plants of Everllence, formerly known as MAN Energy Solutions, are to continue operating under the new ownership structure until at least 2030, according to Volkswagen's earlier announcement. teraz.sk ↗
Volkswagen is meanwhile continuing to address pressure from European emission regulations. Porsche is to cooperate with a Chinese partner due to fleet limits in order to avoid high fines and at the same time maintain a significant place in its portfolio for vehicles with combustion engines. The situation is also significant for the Czech Republic, as Škoda Auto is part of the Volkswagen Group. Further developments will depend on how quickly Volkswagen implements savings, personnel changes, and measures to improve competitiveness. ihned.cz - byznys ↗
Porsche SE Pressures Changes at VW, Conglomerate to Sell Stake in Everllence
This summary was generated by artificial intelligence. It may contain inaccuracies. Please verify information in the original sources below.
Sources (16)
Großaktionär Porsche SE will Umbau von Volkswagen beschleunigen
Spiegel.de
| 09:56 07.08.
Beteiligungsgesellschaft: Milliardenverlust bei Porsche SE wegen VW-Abschreibung
Tagesspiegel
| 08:43 07.08.
EK povolila skupine Volkswagen predaj podielu v divízii Everllence
teraz.sk
| 14:54 13.08.
Klička Volkswagenu, jak udržet spalovací motory a neplatit pokuty. Za emise Porsche dá balík čínskému partnerovi
ihned.cz - byznys
| 13:58 13.08.
Autobauer: VW-Krise und Standorte auf der Kippe - Lies fordert Klarheit
Die Zeit
| 13:54 13.08.
Industrie: EU gibt grünes Licht für Milliarden-Deal von VW
Tagesspiegel
| 13:45 13.08.
Krize Volkswagenu se prohlubuje. Co to znamená pro škodovku a Česko?
ekonomickydenik.cz
| 10:49 07.08.
Porsche se propadlo do miliardové ztráty
novinky.cz
| 10:40 07.08.
Die Kehrseite der 24-Stunden-Gesellschaft
Welt
| 15:11 13.08.
Aby se vyhnul vysoké pokutě, spojí Porsche s Číňany. Emise jsou pro VW nadále velký strašák
zpravy.aktualne.cz
| 14:53 13.08.
Kínaiak mentik meg a Porschét a súlyos uniós bírságoktól
HVG
| 10:34 13.08.
Volkswagen čelí tlaku majiteľov, dochádza im trpezlivosť. Porsche a akcionári žiadajú rýchle kroky
interez.sk
| 13:01 07.08.
Porsche in pressing su Vw, 'servono decisioni veloci, in gioco il futuro'
ANSA
| 12:12 07.08.
Další manažerské veletoče ve VW? Změny v USA se mají dotknout i Škody Auto, ve které už koncern letos jednou „loupil“
ihned.cz - byznys
| 10:35 07.08.
Hlavní akcionář Volkswagenu se propadl do ztráty. Všichni musí převzít zodpovědnost, zlepšete konkurenceschopnost, vyzývá vedení
ihned.cz
| 10:18 07.08.
„Konzern steht am historischen Wendepunkt“: Porsche SE macht wegen VW Milliardenverlust – und fordert schärferes Sparprogramm
Tagesspiegel
| 09:22 07.08.
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