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.⁣
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Of the roughly $438 million total value of goods aboard the Felicity Ace, which went up in flames off the coast of Portugal’s Azores Islands, Russell Group said Monday it estimates there are $401 million worth of cars. VW group had Volkswagen, Porsche, Audi, Bentley and Lamborghini models on the vessel.