Sinterklaas gives Volkswagen a 20 billion euro gift

Posted on 02-12-2015 at 13:45 by sir_smokalot – 30 Comments”

The secret saxton – himself so committed with the environment that he is still to become climate neutral in a mold drive – feels the pain of VW, and offers the group’s 20 billion euro to dieselgate to cope.

The above is what Matthias Müller and the rest of the VW-management in their regular shoe had been found, but unfortunately it is only half true. Yes, there is indeed an amount of 20 billion (if we Reuters are to be believed), but instead of the Saint, are the 13 banks that the cut want to draw, and these are usually a little less generous. The money would then also be in the form of a bridge as VW’s come.

Even though the credit rating agencies Volkswagen since the outbreak of the sjoemelschandalen with multiple write-downs, the A-status taken away from them, with the underlying structures and sales figures are still a little wrong. As a bank, would you so freely without any risk a couple of billion in VW pump, if you are a fun interest to get back. Your reserves on the kapitaalkmarkt off provides the you currently also just nothing.

Although VW itself not on the news, wish to respond – self 6.7 billion (plus 2 billion for the CO2-story) has reserved for the settlement of dieselgate, the cost can be higher, and that is money that may not be as 1-2-3 in cash. VW boerde in the last few years is not bad, but there is also a not so well-to-do as for example Apple.

Today underlined the Porsche-Piech family, which has a large interest in VW, once again his dedication to VW. They say to try as little as possible jobs lost.

Photo: Sint-Nicolaas in a VW Beetle, credits: Robin Meijer