MUNICH: Volkswagen’s languishing share price, which is near a three-and-a-half-year low, is not the result of ownership control by the Porsche and Piech families, one of its most powerful members says. Wolfgang Porsche, the grandson of Ferdinand Porsche, who founded the sportscar manufacturer that still bears his name, called on Europe’s top carmaker to cut costs and become more efficient. Volkswagen’s low valuation, which some investors trace back to Volkswagen’s ownership structure-related cor
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2023-09-10 00:00:00.0