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Lamborghini, Bugatti or Ducati could soon be on sale – Dieselgate

VW Bands 2015

Faced with government penalties, private lawsuits and logistic cost of recalls besides burden of fixing millions of cars globally, Volkswagen takes on massive loans amounting to over $21 billion (INR 1.4 lakh crore).

As Volkswagen gears up to take on a massive loan to cover costs of the dieselgate scandal, there is a possibility that the German brand could sell some of its major brands.

To cover costs associated with the diesel emission scandal, reports indicate that the loans to Volkswagen from a host of financial institutions across Europe, in the form of credit line could amount to $21.1 billion (€20 billion or INR 1.4 lakh crore).

In order to secure this loan, the German automaker could be ready to sell-of major assets and divest brands – Bentley, Lamborghini or Ducati to fund these loans in the event that the company finds no other way to find other sources for repayments.


For this same purpose, Volkswagen may also need to divest other assets such as MAN, a division that manufactures ship engines, electric generators and heavy industrial machinery estimated to be worth €5 billion. However, it is highly unlikely that Volkswagen will have to resort to getting rid of the most valuable and premium brands in its portfolio to repay its loans.

The loan to meet expenses in respect to the Volkswagen Dieselgate Scandal has come from 13 financial institutions across Europe. Volkswagen has indicated plans to refinance the loan through issue of bonds in the months ahead.

All set to tackle the Volkswagen Dieselgate Scandal, Audi AG has announced a new board member for technical development. Dr. Stefan Knirsch will assume his new position on 1st January 2016. The suspected diesel engines went on sale in 2009 suggesting that the pollution cheating software could have been under discussion from as early as 2007-08.

Lamborghini Huracan Spyder – Photos

via Reuters


About the author

Pearl Daniels

Pearl Daniels

Former freelance writer, Pearl Daniels is in the auto industry since 2011, having established herself as a widely read staff writer since 2013. Her keen eye for industry news, daily need to break down latest events, and quest to not miss a single launch detail, gives you the most refreshing morning news on weekdays.

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  • Thomas Conway

    This is criminal fraud on a massive scale. Yet, no Board Members or Executives are charged and going to jail. This is today’s legal system. You have money and power, no problem. The law is not all that relevant to you. If you don’t you are already serving prison time if you had perpetrated even a minuscule fraction of a similar fraud. This is the reality of the justice systems in OECD countries today. It could not be more glaring than this. Who pays, the workers and consumers of course.