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Volkswagen Delays All-Electric Phaeton But Boosts Electric Drive R&D
In continued efforts to re-stabilize, Volkswagen AG is sharply cutting capital expenditures and non-essential projects, shifting extra funds to help support electric drive development. “We will continue to act with determination to overcome the crisis …
Volkswagen allocates 20 billion bridge loan to 13 banks: sources
Eight banks which had initially offered tranches of 2.5 billion euros will supply 1.825 billion euros each, while five banks which offered 1.5 billion euros each will provide loans worth 1.08 billion euros, the people said. Citi, Unicredit, Barclays, Bank …
Why the Volkswagen litigation is different
DETROIT (Bloomberg) — Since the day it came out that Volkswagen AG cheated diesel-emissions tests, U.S. consumers have been suing and lawyers have been wrangling over where the cases will be heard. But for the cars’ owners and Volkswagen, that fight …