The auto sector was a surprise performer over the last year, with the top auto index performing a 53% return, and it may continue to outperform this year, as well
BERLIN/HAMBURG (Reuters) -Volkswagen is still exploring a possible initial public offering of its luxury brand Porsche AG as a way to fund its costly shift towards software and electric vehicles, two people familiar with the matter told Reuters on Tuesday. Speculation about a Porsche listing, which could be a record-breaking IPO, has surfaced over the year, but no decision has been made due to a complex stakeholder set-up, the sources said, adding it was unclear whether a listing would happen. Reports about a possible listing of the unit have included estimates of a standalone Porsche AG valuation of between 45 billion and 90 billion euros ($101 billion).
Lamborghini chairman and CEO Stephan Winkelmann joined Yahoo Finance to talk about the company's 2021 performance, outlook for next year, and its upcoming electrification efforts.