VW's efforts to boost valuation stifled by lack of succession plan

The company plans to run a series of capital market days in coming months for each of its brands, which it hopes will boost a valuation in freefall since mid-2021. When their strategy presentation at the company's capital markets day in June failed to impress investors - shares fell 2.5 percent on the day - company representatives said future capital market days would turn it around. "The share is suffering from a 'governance discount'," said Ingo Speich, head of sustainability and corporate governance at VW shareholder Deka Investment. One possible successor as head of the Porsche family is 62-year-old Ferdinand Oliver Porsche, currently on the board of Porsche SE, VW, Audi, and Porsche. Eight out of ten members are direct representatives of the three biggest shareholders in VW: the Porsche and Piech families, Lower Saxony, or Qatar.