FRANKFURT (Reuters) -- Volkswagen Group has reached an agreement with banks on the terms of a planned 20 billion euro ($21.2 billion) bridge loan to help it shoulder the costs of its emissions scandals, three people familiar with the matter said.
FRANKFURT (Reuters) -- Volkswagen Group has reached an agreement with banks on the terms of a planned 20 billion euro ($21.2 billion) bridge loan to help it shoulder the costs of its emissions scandals, three people familiar with the matter said.
Despite discounts by brands such as Ford and Stellantis, the average new-vehicle price rose 2.5 percent in April, and more increases are expected.