VW does not plan to undertake capital increase or brand sales (translated)
07 OCT 2016
German car group Volkswagen (VW) is not contemplating the sale of any brands or a capital hike to help pay the costs associated with the emissions cheating scandal, the chairman of its supervisory board told German newspaper Boersen-Zeitung.
The chairman, Hans Dieter Poetsch, said the VW group was solid financially and had a range of financing options, and that is not including measures of an extraordinary nature, such as a capital hike. He said in the interview that VW was not considering a capital increase at the current time or divesting brands.
The company has put aside EUR 17.8bn to meet the costs arising from the emissions affair.