Volkswagen says report of interest in investing in Tesla is 'completely unfounded'

Herbert Diess, new CEO of Volkswagen

Sean Gallup | Getty

Volkswagen denied a report Thursday that it has any interest in taking a stake in U.S. electric car maker Tesla.

“It’s completely unfounded. It’s pure speculation,” Volkswagen spokesman Pietro Zollino said of a report in German magazine Manager Magazin that said VW CEO Herbert Diess was eyeing Tesla.

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