Volkswagen says it is not interested in buying a Tesla stake

The speculation about buying a stake in Tesla made by Manager Magazin is without merit

Volkswagen AG CEO Dr. Herbert Diess speaks at a news conference in New York City, New York, US, July 12, 2019. PHOTO: REUTERS

FRANKFURT:
Volkswagen on Thursday denied a media report which suggested that the German carmaker was interested in buying a stake in United States electric car manufacturer Tesla.


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“The speculation about buying a stake in Tesla made by Manager Magazin is without merit,” a Volkswagen spokesman said in a written statement to Reuters.
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