Volkswagen to Sell 15% Stake in Traton for €2 Billion
Berlin, Germany – Automotive giant Volkswagen intends to divest 15% of its shares in its truck subsidiary Traton during the first half of the year. This move is projected to generate approximately €2 billion ($2.09 billion), as per reports from manager magazin, which cited undisclosed company sources.
Volkswagen has yet to provide an official statement on the matter.