Porsche holding company likely to keep VW Group stake after Porsche sports car company’s IPO

Volkswagen Group in February announced it was considering spinning off the Porsche AG sports car business to help raise funds for investment in the key areas of electric vehicles, self-driving technology, and software development. VW Group’s biggest shareholder with a 31.4% stake, the Porsche SE holding company, on Tuesday reaffirmed its support…