Automakers

VW's family ownership not behind share price trough, Wolfgang Porsche says

Wolfgang Porsche 2019 IAA
Wolfgang Porsche: "We have to get an even better grip on performance and costs." (Alex Kraus/Bloomberg)
R
By:
Reuters
September 05, 2023 09:14 AM

MUNICH – Volkswagen Group's languishing share price, which is near a three-and-a-half year low, is not the result of ownership control by the Porsche and Piech families, Wolfgang Porsche, one of its most powerful members said.

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