Currently reading: Volkswagen Group agrees framework for Porsche flotation

Potential IPO for sports car manufacturer would raise funds for VW Group's electrification plans

The VW Group is pushing ahead with plans to list Porsche on the stock market, with both companies' boards of management agreeing on a framework for the process.

A final decision remains subject to "several different parameters as well as general market conditions", but the parent company said the sports car brand's flotation would be an important factor in the VW Group's transition to "a vertically integrated mobility group and leading provider of software-based and emission-free mobility".