- Volkswagen AG (OTC:VWAGY) owned luxury sports car maker Porsche AG has set forth an upbeat target for its electric vehicles, Reuters reported.
- Porsche said it expects more than 80% of newly sold Porsche vehicles to be fully electric in 2030.
- In an annual press conference, its chief finance officer said Porsche had set 15% as its long-term operating margin target.
- Earlier, Volkswagen had inked an agreement with its top shareholder to float Porsche in a partial stock market listing to unlock value from the brand.
- Analysts estimate Porsche AG could be valued at up to $102 billion in an initial public offering.
- Price Action: VWAGY shares closed lower by 0.12% at $24.36 on Thursday.
- Photo via Wikimedia Commons
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Porsche AG Sets High Bar For Electric Vehicles
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks