Volkswagen seeks money to fund its Russian operations
Jul08

Volkswagen seeks money to fund its Russian operations

Because the Russian automotive market reflects the country’s economic crisis, Volkswagen was forced to raise funds through its first local bond issued in almost two years. With car sales in Russia reaching in 2015 the lowest level since 2009, because the country has plunged into its deepest economic crisis in a decade, carmakers have struggled to keep their businesses from sinking. And as the local automotive market is still seen to...

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