VW has no plans to sell brands, raise capital: Boersen-Zeitung

VW has no plans to sell brands, raise capital: Boersen-Zeitung
 

Volkswagen (VOWG_p.DE) is not considering the sale of any of its brands or a capital increase to cope with the costs of the emissions scandal, its supervisory board Chairman Hans Dieter Poetsch told German daily Boersen-Zeitung.
"The Volkswagen group is financially solid and has many options for financing," Poetsch said in the interview published on Friday.
"And that is without extraordinary measures such as a capital increase. That is not being considered at this time. We are also not thinking of selling parts of our brands," he added.
Volkswagen has set aside 17.8... read more

 
7 October 2016 in Business, Views: 39
Source: Reuters
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