Volkswagen CEO interested in participating in Tesla: Manager Magazin

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<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "BERLIN (Reuters) – Volkswagen CEO Herbert Diess is interested in acquiring a stake in Tesla , German business publication Manager Magazin reported on Thursday, quoting company sources. "Data-reactid =" 22 "> BERLIN (Reuters) – Volkswagen Herbert Diess, CEO, wants to acquire a stake in Tesla The director of the German economic magazine Magazin reported Thursday citing sources of the company.

"Diess would come in immediately if he could," said one of Diess's executives, quoted by the magazine.

Diess believes that Volkswagen could leverage Tesla 's battery and software expertise, said Magazin magazine' s director, adding that the German company had enough money.

Acquiring a stake would be enough to start, says the report.

A bigger obstacle, however, would be to obtain the consent of the dominant owner families of Volkswagen, the Piech and the Porsche.

Volkswagen was not immediately available for comment.

A banker close to Volkswagen said that while it was true that Diess would love to have Tesla software developers, he felt that it was almost impossible to justify paying $ 30 billion ($ 27.09 billion). Euros) to buy the whole company.

(Report by Thomas Seythal, Report Supplement by Jan Schwartz and Edward Taylor)

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