Volkswagen is targeting a valuation of up to $75.1 billion for luxury sportscar maker Porsche, it said on Sunday, in what will be Germany's second-largest initial public offering (IPO) in history.

Volkswagen targets $75.1 billion IPO valuation for Porsche

German car market in reverse gear; 4,00,000 car industry jobs in danger. Watch this video and get more.

German car market in reverse gear; 4,00,000 car industry jobs in danger

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Volkswagen targets $75.1 billion IPO valuation for Porsche

German car market in reverse gear; 4,00,000 car industry jobs in danger