Volkswagen stated it could list its trucks business as part of expansion strategies for the division, Andreas Renschler, head of the trucks business stated on Monday.
“We want to achieve capital market readiness in one year. An IPO is just one of the options,” Renschler informed journalists in Munich.
“You can also go to the capital market without (an IPO). You can refinance yourself by issuing a bond.”
Volkswagen is accelerating it’s preparations for its heavy commercial-vehicle division to offer stock or debt on its own as the unit expands to rival some of the global leaders including Daimler AG and Volvo AB.