Volkswagen Group is not considering the sale of any of its brands or a capital increase to cope with the costs of its emissions scandal, Chairman Hans Dieter Poetsch told German business daily Boersen-Zeitung.
"The Volkswagen Group is financially solid and has many options for financing," Poetsch said in an interview published today. "And that is without extraordinary measures such as a capital increase. That is not being considered at this time. We are also not thinking of selling parts of our brands," he said.
VW has set aside 17.8 billion euros ($19.8 billion) to pay for costs related to the global emissions-cheating scandal. The company faces civil litigation and potential fines from government regulators in the U.S., EU and other markets.
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