Porsche-Piëch family explores investing in €6bn VW diesel engine unit
Proposed carve-out of Everllence has also attracted preliminary interest from private equity firms including EQT
Proposed carve-out of Everllence has also attracted preliminary interest from private equity firms including EQT

Holding company in control of Volkswagen and Porsche is diversifying away from auto sector

German sports-car maker scales back EV ambitions under new boss Michael Leiters

Shipping engines and heat pumps business is being valued at between €5bn and €6bn

Luxury-car maker has been among the worst hit by market’s slow shift to EVs

The risks of decline go far beyond any single company

Retreat is a blow for chief executive Oliver Blume who oversaw establishment of sports-car maker’s Cellforce unit