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Asked about Porsche IPO, VW boss says current cash flow sufficient | Reuters

Volkswagen Chief Executive Herbert Diess on Thursday evaded questions about the idea of a listing of luxury unit Porsche AG, only saying the group’s current cash flow was sufficient to fund the group’s ambitious transformation.

“I only can repeat that we will finance the transition from our internal cash flows, which are really strong,” Diess said.

Diess in March said a potential listing did not have a high priority at the moment amid speculation the carmaker is exploring the idea. Reporting by Christoph Steitz Editing by Riham Alkousaa

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