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Reviewing - Germany - VW Weighs Sale or Spinoff of Two Units
BERLIN, Germany - CNN (USA) Channels News, by STEPHEN GRAHAM -09/23/05 - German automaker Volkswagen AG said Friday it is considering selling or spinning off its Europcar car rental unit as well as a consulting division. Volkswagen's supervisory board ordered managers to ``review all options, ranging from strategic expansion to an initial public offering or sale'' of the two units, the company said.. It didn't say how much it could raise from a sale of Paris-based Europcar or for auto industry consulting firm Gedas, which is based in Berlin...
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