(Updated - January 30, 2024 5:56 AM EST)
Volkswagen AG (OTC:VWAGY) to Push Back Battery Unit IPO Plans as Market Cools - Bloomberg
- VW put talks with investors on the backburner as it faces doubts it can make its own batteries at scale.
- The company is no longer prioritizing stake sales or a potential listing of the PowerCo business this year.
- The situation remains fluid and VW could still move forward with the plans if the market improves.