FRANKFURT (Oct 7): Volkswagen is not considering the sale of any of its brands or a capital increase to cope with the costs of the emissions scandal, its supervisory board Chairman Hans Dieter Poetsch told German daily Boersen-Zeitung. "The Volkswagen group is financially solid and has many options for financing," Poetsch said in the interview published on Friday. "And that is without extraordinary measures such as a capital increase. Volkswagen has set aside 17.8 billion euros (US$19.8 billion) to pay for costs related to the global emissions cheating scandal. From today's point of view, that is robust," he told Boersen-Zeitung.

Source: The Edge Markets October 07, 2016 07:18 UTC