» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 40 | NO. 28 | Friday, July 8, 2016

Volkswagen repays European loans early amid diesel fallout

Print | Front Page | Email this story

BERLIN (AP) — Volkswagen says it has decided to repay early a pair of loans from the European Investment Bank totaling 975 million euros (nearly $1.1 billion) as the company grapples with fallout from its diesel-emissions scandal.

Volkswagen said Monday that the loans were approved at the end of 2014. In an emailed response to a query about the repayment, it stressed that it was voluntary but didn't specify when they were due for repayment.

The company said it decided on the repayment "to defuse the public debate" in view of investigations into the scandal surrounding emissions-cheating software, but that there was no direct connection of any kind between the loans and the diesel issue.

Volkswagen faces investigations by various authorities in the emissions scandal.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0