Volkswagen said Thursday that it would sell a majority stake in its marine engine unit to a US investment firm for 7.4 billion euros ($8.4 billion) as the struggling German carmaker pushes ahead with ...

When you buy through affiliate links in our content, we may earn a commission at no extra cost to you. Learn how our funding model works. By using this website you agree to our terms and conditions ...

The sale of the 51% stake in the marine engine subsidiary to Bain Capital will streamline the automaker’s investment portfolio and boost its coffers.