Wednesday, 22 January 2025

Focus on Varta Automotive

FILE PHOTO: A view shows model Mission X of Porsche, a German automobile manufacturer, displayed during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. REUTERS/Leonhard Simon/File Photo
AutomotiveBusinessElectric Vehicles (EVs)FinanceNewsTransport

Varta’s Porsche-led rescue would leave investors empty-handed

Varta stock plunged as much as 80% on Monday after the German battery maker said restructuring options would leave shareholders with nothing

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