Volkswagen board has not talked about asset sales

Volkswagen’s supervisory board has not talked about the sale of parts of the automaker’s business up until now, board member Wolfgang Porsche informed German publication Der Spiegel, adding he saw no need to do for now.

“I do not see any requirement to divest parts of the group,” the magazine mentioned Porsche as saying in a post released on Tuesday.

Volkswagen CEO Matthias Mueller recently said that he was actively dealing with offers to sell non-core assets that might account for as much as 20 percent of its yearly revenues.

“That is not the focus right,” Wolfgang Porsche stated. “And the concern has not been discussed by the supervisory board.”

Porsche is likewise Chairman of Porsche Automobil Holding SE, which controls 52.2 percent of voting shares in Volkswagen.