While industry rumours are often met with a dead bat, Volkswagen has issued a firm denial it's interested in purchasing a shareholding in Tesla.
An unnamed high-level source said Diess would love to purchase the company outright, but believes it would be impossible to obtain the €27 billion ($44.2 billion) necessary to fund such a transaction.
As it is the Piech and Porsche families — who through their stakes in the Volkswagen Group hold significant sway over decisions at the firm — are reluctant to sign off on the purchase of a minority shareholding in Tesla.
In response to the magazine's article a Volkswagen spokesperson told Reuters: “The speculation about buying a stake in Tesla made by Manager Magazin is without merit."
In the wake of the Dieselgate affair Volkswagen has gone all-in with its electric vehicle plans. The company will launch its first mainstream electric car, the ID.3 hatch (above), at this year's Frankfurt motor show.