No, quiet, it is not that Bentley, Lamborghini or Ducati were selling diesel without knowing it. It turns out that Volkswagen is facing its worst crisis, and the confidence is not so much the problem. Some days ago, Volkswagen asked for a credit of 20,000 million euros to address the whole issue of the dieselgate, an astronomical figure that endangers the luxury brands of the group.
According to Reuters, Volkswagen would be willing to sell any of these brands to make payment of your debt, in the end, these marks are not their key business, focusing on the more general. Any of these brands have a high market value that would allow the German group to pay off its massive debt with several banks.
This debt responds to the need of to develop a solution for their affected models, to address a call to review, face fines and face lawsuits. Volkswagen will have a few harsh years of litigation on many fronts, so get rid of some of its most valuable brands would be a solution.
The group of time has not responded to anything, but the source claims that there are three possibilities for Volkswagen to pay your debt if you do not get the money on the other side. In any case, it seems that the group, as is logical, would have agreed to the sale of some of its assets in the case of not being able to pay this astronomical amount of back
Ducati, Lamborghini and Bentley are luxury brands of the Volkswagen group and you have to sell, we can not imagine anything other than the fact that would end up in the hands of chinese. We will have to wait even a few months to know what can be done by Volkswagen in order to face this crisis of huge proportions.
Source – Reuters