Ο nightmare for the giant of German industry, has just begun... Volkswagen it seems that will pay, in the end, much more expensive than we thought the scandal emissions from its diesel engines. So expensive, it may be forced to to divide the streets of with some of the most important brands in its "quiver". Lamborghini, the Bentley and the Ducatti.
Excesses? Not at all, says the international news agency Reuters (which is not known for reporting inaccuracies), as it reports that the automaker has managed to secure a $21 billion loan, of duration one year, which it intends to use in view of the recalls coming, of pipelines already filed and of the administrative fines on dieselgate.
VW, secured the loan 21 billion, from a total of 13 different banks from Europe, as its plan to refinance its loan with bond issue, it was accepted. Of course, it was accepted by the creditors on condition that VW would sell a number of its assets worth more than EUR 20 billion, if it fails to find other sources of revenue, according to anonymous sources told Reuters.
With the story to resembles the Greek crisis in some respects and Greece's adventure with its creditors (only ours has a lot more pain), Reuters reports that if VW fails to cover its debts, will be obliged to 'divest' certain companies, such as the MAN, whose division manufactures engines for ships and other heavy industry components and costs $5 billion.
It is surprising, however, that Reuters sources mention the following possibility: "Volkswagen may also consider separated the luxury car brands Bentley and Lamborghini and the motorcycle manufacturer Ducati“.
And, apparently, this leak is not accidental, but rather odd, considering that the three brands mentioned above are probably some of the ones with the lowest (economic) value. Just as it is no coincidence that VW assures that will not abandon its top projects, such as the one of Bugatti Chiron, because of the 80 billion dollars that the scandal will cost her...
