Volkswagen said on Thursday it was not interested in taking a stake in Tesla , d...
), denying a media report that CEO Herbert Diess wanted to buy shares in the U.S. company to access its software and batteries technology.
Manager Magazin had said Diess meets with Tesla CEO Elon Musk on a regular basis because of the U.S. carmaker’s expertise in software and battery cell design, and that Tesla had so far rebuffed Volkswagen’s efforts at striking an alliance. Acquiring a stake would be enough for the German carmaker to access Tesla’s technological expertise, the report said.
A banker close to Volkswagen said that while Diess would love to have Tesla’s software developers, the CEO believed it was almost impossible to justify paying $30 billion to buy the whole company.
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