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VW may have to sell Lamborghini, Bugatti, Ducati to cover emissions scandal costs

ET:

Volkswagen’s troubles with falsifying its emissions data for both diesel and even some gasoline powered vehicles are now well-documented, and it looks like the company may have to sell some of its prized assets in order to pay for the inevitable recalls, regulatory fines, and class-action lawsuits headed its way. The automaker has just secured a credit line of over $21 billion, according to Reuters. In order to do so, Volkswagen Group had to assure the 13 financial institutions involved throughout Europe that it’s prepared to sell whatever it needs to for collateral.

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