Volkswagen: to share results of mock listing exercise in June By Reuters

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Volkswagen: to share results of mock listing exercise in June

Stock Markets Mar 14, 2023 05:13AM ET

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Volkswagen: to share results of mock listing exercise in June

© Reuters. Oliver Blume, Chairman of the Board of Management of Volkswagen AG and Dr. Ing. h.c. F. Porsche AG addresses the media during the annual news conference of the Volkswagen Group at DRIVE.Volkswagen Group Forum, in Berlin, Germany March 14, 2023. REUTERS/An

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BERLIN (Reuters) - Volkswagen (ETR:VOWG_p) will share the outcome of a mock listing exercise for its brands and Volkswagen Group instigated by Chief Executive Oliver Blume at a capital markets day on June 21, Blume said on Tuesday.

The carmaker intended to keep its combustion engine models competitive for as long as they are on the market but was shifting to being a technology and mobility company, Chief Financial Officer Arno Antlitz added.

Blume also said the carmaker was finalising a high-performance software for luxury and premium brands, which would be brought into a software architecture for the whole company in the medium term.

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