Summary
- Porsche SE and partners plan investment platform for defence sector
- German auto firms explore defence amid rising European military spending
- Volkswagen’s top shareholder cuts guidance, reflecting auto sector weakness
- Defence unlikely to become as material for Porsche SE as auto holdings, analyst says
(Reuters) – Volkswagen’s largest shareholder, holding firm Porsche SE said on Wednesday that it planned to deepen its involvement in the defence sector, while reaffirming its core focus on cars and industrial technology. Continue reading “VW shareholder Porsche SE eyes higher defence exposure as auto sector flails”