banner The latest auto news, reviews, prices, product and vehicle releases. Auto News 5

Stay connected Subscribe to our RSS feed

Do not miss the latest Auto News !

Mar
15th

VW finance arm takes $391 million writedown to cover potential drop in residuals

Stay connected Subscribe to our RSS feed
Volkswagen's Financial Services said today it took an extraordinary writedown of 353 million euros ($391 million) to cover a potential decline in the residual value of cars in the wake of the diesel emissions cheating scandal.
Hosted by CifTech Hosting.