Volkswagen’s hybrid journey: phase one completed

Boche, Joerg (VW) for new website
By Jon Hay
26 Jun 2014

Volkswagen, Europe’s leading car company, has turned to some innovative financial instruments in the past two years, as part of the financing for big changes in its corporate structure. Jörg Boche, head of group treasury at Volkswagen in Wolfsburg, talks to Jon Hay about the role hybrid capital and mandatorily convertible bonds play for Volkswagen.

During 2005-9 Porsche gradually increased its shareholding in Volkswagen, partly to ward off a bid by any rival for the larger company, which had historic family ties with Porsche.

Relations between the two groups were tense until August 2009, when Volkswagen and Porsche struck a complex deal in ...

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