Volkswagen considers selling non-core investment portfolio worth over 15 billion euros

Volkswagen plans to sell non-core investments valued at over 15 billion euros

【Phoneauto News】Recently, phoneauto noticed that Volkswagen Group announced that it is reevaluating its investment portfolio and considering selling some non-core assets to focus on the development of its core business. The group plans to invest 180 billion euros by 2027, primarily in the areas of electrification and digitalization.

Volkswagen Group’s non-controlling investment portfolio is extensive, including over 250 investments with a total book value exceeding 15 billion euros. These investments are mainly focused on energy, technology, finance, and other sectors. In the face of financial pressure and intensified market competition, Arno Antlitz, the CFO of Volkswagen Group, stated that the group is reevaluating these investments and will decide whether to divest some non-core investments based on the new strategy to maximize the value of the investment portfolio.

Volkswagen Group’s strategic adjustments are mainly influenced by market competition, regulatory pressures, and environmental requirements. In the field of electric vehicles, Volkswagen Group needs to compete with manufacturers such as Tesla and also strive to comply with increasingly strict environmental regulations and carbon emission limits in various countries. In the traditional combustion engine vehicle sector, Volkswagen Group also needs to continuously improve fuel efficiency and reduce emissions of its products. Despite the pressure, Oliver Blume, the CEO of Volkswagen Group, stated that Volkswagen will persist in the transformation to electric vehicles and strive to improve the return on investment. He pointed out that the automotive industry is a long-cycle industry, and many outcomes require three to five years to evaluate, which may not immediately be reflected in the stock price. He encourages investors to be patient and continue to support Volkswagen’s transformation.

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