Hyperdrive
VW’s Potential Porsche Listing Signals Auto Upheaval Just Starting
- An offering could be a ‘silver bullet’ for sagging valuation
- The 911 maker could emulate Ferrari’s standalone success
Source: Porsche AG
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Volkswagen AG’s potential listing of Porsche would be a watershed moment and indicate the unprecedented upheaval of the auto industry may be just beginning.
The German industrial giant and other incumbents have navigated a global pandemic far better than initially feared, posting robust profits and ample amounts of cash flow. Even still, their valuations are stubbornly low compared to Tesla Inc.