Will Volkswagen Hock Its Roundel for $21.5 Billion in Loans?

#hashtags: #Barclays Plc #Volkswagen #USD #Euros

On Friday, Barclays Plc announced it estimates the near-term costs of Volkswagen’s seemingly ever expanding emissions scandal will be about $27 billion USD (25 billion Euros). Volkswagen’s automotive group had $29.6 billion in net liquidity at the the end of the third fiscal quarter of this year. About $10.8 billion is allocated to protect the company’s credit ratings. […]