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Porsche AG's Blume 'Very Positive' About Opening Price

29 Sep 2022 | Abstracted from Investing

"Porsche AG shares were trading up 2.4% at 1007 GMT from their opening price of €84, reaching a market capitalisation of 78.5 billion euros ($76.1 billion) - close to the 81 billion euro valuation of former parent Volkswagen...feedback we got from investors was very positive.

"Porsche AG is targeting 80% electric vehicle production by 2030, Blume denied it was heading towards being a pure-play electric vehicle carmaker..."

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