The Traderszone Network

Published in TZ Latest News 31 January, 2016 by The TZ Newswire Staff

VW not under pressure to sell trucks business: trucks chief tells paper

Volkswagen (VOWG_p.DE) is not under pressure to sell its trucks business to raise cash as it faces billions of euros in costs after admitting to rigging emissions tests, management board member Andreas Renschler told a German newspaper. “The operating results of the Volkswagen group are good, despite everything. There won’t be a fire sale,” Renschler, who also heads the trucks business at VW, was quoted as saying in an interview with the Frankfurter Allgemeine Sonntagszeitung (FAS) published on Sunday.