Blackstone, EQT and CVC make offers for VW’s Everllence unit
Shipping engines and heat pumps business is being valued at between €5bn and €6bn
Related reading
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
VW to export more China-made EVs in global sales drive
Strategy pivot coincides with slowdown and fierce competition in world’s largest automotive market
Volkswagen embodies the challenge ahead for European industry
The risks of decline go far beyond any single company
EU to review tariffs on Volkswagen’s EVs made in China
Move could offer German automaker respite from anti-subsidy measures
VW starts developing AI chip in bid to claw back China sales
Europe’s largest carmaker prepares for launch of 30 new EV models after haemorrhaging market share
VW profit rebound in doubt as Chinese rivals pose ‘existential threat’
Analysts warn Europe’s largest carmaker may struggle to lift margins despite historic restructuring