VW faces US $ 155 M Losses from Ship Fire
The cargo ship that caught fire last week carrying about 4,000 Volkswagen vehicles could cost the automaker at least $155 million, according to one consultant’s estimate. Of the roughly $438 million total value of goods aboard the Felicity Ace, which went up in flames off the coast of Portu
Thousands of VW Group Cars adrift on Burning Cargo Ship
A cargo ship carrying thousands of new cars bound for the US caught fire on Wednesday. Its crew was evacuated, but the vehicles are still on board. The Volkswagen Group confirmed nearly 4,000 of its vehicles are on the ship. Porsche, Audi, Volkswagen, and other vehicles may be onboard.
Porsche AG Benefits from Volkswagen Group
Porsche CEO Oliver Blume said on Wednesday that they are profiting from being part of the Volkswagen Group, following speculation that an IPO of the luxury unit could be on the cards.Germany’s Manager Magazin reported in October that investment bank Goldman Sachs and law firm Freshfields were