Oliver Blume, chairman of the Executive Board of Porsche AG, says: “We welcome this decision of Volkswagen AG. Porsche is a strong brand with a robust business model and a worldwide fan community. We also pursue ambitious sustainability goals. For example, Porsche plans to achieve a neutral CO2 balance in 2030. Porsche and Volkswagen can continue to benefit from joint synergies in the future.”

The decision on a stock exchange listing of Porsche AG lies solely with Volkswagen AG's executive bodies. Porsche AG is therefore unable to provide any further details at this time.

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Porsche AG holds its virtual Annual General Meeting on 7 June. Chairman of the Executive Board Oliver Blume expresses his satisfaction to the company’s shareholders and explains the current strategy, which the management aims to continue pursuing despite the challenging macroeconomic conditions.