Volkswagen scandal might force it to sell luxury brands
The Volkswagen saga continues, as the company deals with the aftermath of its emissions scandal. According to Reuters, the German automaker has secured a loan of roughly 20 billion euros in order to pay for resulting lawsuits and to compensate consumers whose cars are now worth less following the admission. However, there’s a catch. In order to assure that it can pay back the loan, Volkswagen had to confirm that it’s prepared to sell off some of its smaller holdings including Bentley, Lamborghini and Ducati.
Via: Road and Track
Source: Reuters
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