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macroJul 1, 2026, 5:51 PM

Volkswagen to Sell Audi's Bayern Munich Stake, Review Porsche's VfB Stuttgart Stake in Austerity Drive

Volkswagen is examining the sale of Audi's 8.33% stake in FC Bayern München and reviewing Porsche's stake in VfB Stuttgart as part of a major austerity program. The moves come ahead of a supervisory board vote on July 9 on a plan to slash 100,000 jobs.

VOW3

Volkswagen is advancing its cost-cutting efforts by considering the divestment of non-core assets, according to a report from Correctiv. The automaker is examining the sale of Audi's 8.33% stake in FC Bayern München and is also reviewing Porsche's stake in VfB Stuttgart.

These moves are part of a broader austerity programme that includes a plan to cut 100,000 jobs. The supervisory board is scheduled to vote on the job-shedding plan on July 9.

The report highlights Volkswagen's push to streamline operations amid mounting cost pressures in the automotive industry.

Source: First Squawk