Porsche and Piëch Families Consider Selling Partial VW Shares Amid Industry Turmoil

The Porsche and Piëch families, who currently hold over 53% of Volkswagen through their investment firm Porsche SE, are reportedly exploring the possibility of selling a portion of their shares. According to a recent report, this option has been under discussion within the family for several months, as they consider reducing their stake to between 45% and 50%.

Sources familiar with the matter indicated that external advisors and top managerial staff have suggested that a partial exit could be beneficial. They believe that even with a reduced stake, the families would maintain control over Volkswagen, which is facing significant challenges in the automotive industry.

While the idea of a partial sale has been proposed, no final decision has been made, and there appears to be a lack of consensus among family members. Wolfgang Porsche and Hans Michel Piëch, the representatives of the families, are reportedly open to the idea, but younger family members are expressing reservations.

A spokesperson for Porsche SE mentioned that while there are no concrete plans being discussed, the firm regularly evaluates its investment portfolio. This statement reflects a cautious approach, emphasizing the family's commitment to remaining a long-term shareholder in Volkswagen.

Volkswagen has not publicly commented on the potential for a partial exit by the Porsche and Piëch families, though a spokesperson reiterated the company's goal of maintaining strong, long-term ownership.

The German automotive industry is currently experiencing a crisis, with significant restructuring efforts underway at major manufacturers, including Audi, which has announced substantial job cuts as part of cost-saving measures. These developments have raised concerns about the sustainability of the industry and the future of many companies involved.

As the situation evolves, the decisions made by the Porsche and Piëch families could have far-reaching implications for Volkswagen, its shareholders, and the broader automotive market.