Parent company Porsche vows jobs will not be squandered after VW takes out bridging loan to limit reputational damage and police raid Italian officesThe dynasty that controls Volkswagen has vowed to protect jobs,as the company reportedly took a €20bn (£14bn) loan to benefit it survive the diesel emissions scandal.
Fallout from the affair widened on Wednesday, as fresh data in Germany showed a dip in sales and police raided the Italian offices of VW’s parent company, or Porsche.
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Source: theguardian.com