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Frankfurt / Main (dpa) - There is a dispute in the Volkswagen Group over a possible IPO of the sports car subsidiary Porsche.
CEO Herbert Diess told the "Frankfurter Allgemeine Zeitung" (Saturday): "The topic of the Porsche IPO is not a high priority for me at the moment."
Even if only part of the Porsche shares were freely traded, VW would lose the inflow of funds that the subsidiary brought to the group.
"At the moment there is a lot to be said for using the money for our structural change," said Diess.
"You don't want to give up a pearl like Porsche."
Porsche CFO Lutz Meschke had recently campaigned aggressively for a stock exchange listing.
This makes the value of the company more transparent and could also raise the valuation of the parent company.
For a higher market value, however, Diess is relying on the group-wide expansion of electric cars and autonomous driving.
"In my opinion, evaluating the corporate parts individually does not fit into a time when our transformation to e-mobility will bring enormous synergies across all corporate divisions."
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The lack of control chips continues to cause difficulties.
"This is a topic that is causing us a lot of headache at the moment and is also burdening production," Diess told the newspaper.
"So far we have not been able to build around 100,000 cars due to a lack of semiconductors."
It is difficult to say what it will look like for the full year.
VW hope to be able to make up some of the losses.
© dpa-infocom, dpa: 210326-99-988303 / 2