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image  1 FORTUNE - “Volkswagen, family, money…in that order
September 25, 2022

“Volkswagen, family, that order.”Volkswagen’s aging grandsons, Wolfgang Porsche, 79, and Hans Michel Piech, 80, and their offspring have staked everything on their family company. Unfortunately for the Porsche and Piech family, the German carmaker faces one of the biggest shakeups in decades as the auto industry goes electric. VW needs billions in investment just as supply chain crises squeeze its operations.Bereft of options, the German carmaker recently unveiled plans to monetize its most prized possession, Porsche, calling on the dynasty to bankroll an initial public offering of shares in the very asset VW bought off of them in a fire sale when the two clans faced bankruptcy 13 years ago. 🔗 Read the full story by clicking the link in bio.⁠
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