XTRA:VOW3Auto
Volkswagen Reshapes Portfolio With Everllence Sale Talks And Tavascan Tariff Deal
Volkswagen is progressing a potential sale of its heavy diesel engine subsidiary Everllence SE, seeking interested buyers as part of a broader portfolio review.
CUPRA, a Volkswagen brand, has received EU approval for tariff exemptions on its Chinese made Tavascan SUV through a price undertaking agreement.
Both moves affect how Volkswagen allocates capital between legacy drivetrain assets and newer battery electric models in Europe and China linked production.
Volkswagen, traded as...