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VOW Volkswagen AG

133.40
0.80 (0.60%)
03 May 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Volkswagen AG TG:VOW Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.80 0.60% 133.40 132.90 133.80 134.00 132.40 133.10 4,290 22:50:02

Volkswagen CFO Sees No Need for State Financial Aid -Boersen-Zeitung

27/03/2020 9:57am

Dow Jones News


Volkswagen (TG:VOW)
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--Volkswagen's Head of Finance currently sees no reason to use state financial aid that goes beyond short-time work compensation to overcome the coronavirus crisis, financial publication Boersen-Zeitung reports.

--Frank Witter said in an interview with the publication that Volkswagen had built a good foundation in the 2019 financial year and sees "a strong cash flow and a respectable net liquidity in the automotive sector."

--Mr. Witter said Volkswagen "should have the strength to get through the corona crisis" due to a "substantial network" of credit lines, access to capital markets and deposits of over EUR30 billion via VW Bank among other things, Boersen-Zeitung reports.

 

Full story (in German): https://bit.ly/2JhuVF7

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

March 27, 2020 05:42 ET (09:42 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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