Volkswagen Group CEO Herbert Diess appeared to dampen speculation over plans for a possible listing of the Porsche brand.
The automaker listed its Traton trucks unit two years ago and plans to tap external funding for battery ventures but is not looking to divest other assets at this point in time, Diess said Thursday.
"We think we are well organized now in the premium sector, this is working for us quite well now," he said on a third-quarter earnings call with reporters. "We will not sell any of the other assets currently."
Speculation around a potential listing of VW's key profit center has swirled for months, and Diess has previously tempered expectations for such a move.
"Our analysis suggests Porsche is worth 71 billion euros ($83 billion) to 99 billion euros ($115 billion), versus VW Group's 122-billion-euro market cap," said Michael Dean, a Bloomberg automotive analyst.
VW's key stakeholders are due to meet on Dec. 9 to review the automaker's rolling five-year investment plan that includes unprecedented expenses for new technology including electric and self-driving cars as well as an aggressive expansion of software operations.
VW Group Chief Financial Officer Arno Antlitz said he was "quite confident" the investments can be financed from the group's own cash flow -- so long as the company hits cost-savings targets.