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I just took a quick look at WP [1], and it looks like they have over $350b in assets. Don't think it will bankrupt them, either way. Not to mention that they a
by jsnathan 11y ago
I just took a quick look at WP [1], and it looks like they have over $350b in assets. Don't think it will bankrupt them, either way.
Not to mention that they are probably "too big to fail" [2].
[1]: https://en.wikipedia.org/wiki/Volkswagen_Group https://en.wikipedia.org/wiki/Volkswagen_Group
[2]: https://en.wikipedia.org/wiki/Too_big_to_fail https://en.wikipedia.org/wiki/Too_big_to_fail
- ibejoeb 11y agoEven if it were flirting with bankruptcy, I don't think VW is integral to the economy. Specifically, I don't imagine anything beyond normal bankruptcy protections would be offered to VW, especially something to the extent of a bail-out. There are plenty of alternatives for VW customers. That said, the US has bailed out the auto industry before to preserve American presence in the market. Germany may opt to do the same, but they are home to other successful automakers.