Volkswagen puts €75bn value on sports car maker Porsche

The valuation for Porsche of €70bn to €75bn is slightly below some investors' estimates of up to €85bn

Volkswagen shares dipped on Monday as investors gave a muted reaction to news the carmaker is targeting a valuation of up to €75bn for Porsche in a shares sale of the sports car manufacturer. 

Porsche aims to win over investors with its track record of success and high margins, even as shares of other luxury carmakers like Ferrari and Aston Martin have suffered this year in the tumult on European stock markets.