Volkswagen Ready To Sell Luxury Brands

Volkswagen is ready to sell some of their luxury brands (Lamborghini, Bentley, Bugatti, and Ducati). They took a loan of 20 billion euros to pay off lawsuits and fines but in order to receive the loan the banks need assurance from the company. They mentioned that they are ready to put these brands up for sale.

They also are preparing to sell MAN which they supply ship motors and generators. Volkswagen will be in debt the next few years and who knows where the company will be in the next few years.

 

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