Volkswagen Battery Issue

Volkswagen battery business PowerCo looking more intensively at external funding

SALZGITTER, Dec 17 () - Volkswagen's PowerCo is looking more closely at external financing options as its stricken German parent reins in investment, the CEO of the ​battery business said.5 billion) loss in the third ‌quarter and its CEO Oliver Blume recently announced a tighter investment budget as it faces intense competition in China, ‌U.