Volkswagon To IPO Porsche: An EV Move
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Is this something the legacy automakers are going to start doing?
VW announced that it will spin off Porsche, holding an IPO for the company. It is believed to have a value of up to $84 billion.
In this video I discuss how this might be a move legacy automakers start to follow. By focusing their attention on the brands that have a strong EV presence, they can then spin them off and have them start anew. This is a way to create "offspring" while the host, the legacy ICE company withers and dies.
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