Honda Motor Co. (NYSE:HMC) is not currently considering a spinoff and listing of its electric motorcycle business.
While the Wall Street Journal reported on Tuesday that the Japanese automaker was considering a separate stock listing for the growing segment, company representatives shot the idea down on Wednesday.
“Electrification is a long road and we are discussing a variety of options without excluding anything from consideration,” a company statement to Reuters read. “However, we have no plan to separate the electric two-wheeler business into a new business unit to be listed on a stock exchange.”
Read more on the company’s ambitions for its motorcycle business.
Image and article originally from seekingalpha.com. Read the original article here.