Volkswagen Finance Corp to file for Chapter 11 bankruptcy

Volkswagen Finance will file for bankruptcy protection after its second-quarter loss hit analysts’ estimates and forced it to pay an estimated $1.3 billion in cash to cover debt.Volkswagen’s stock fell 2.8% in morning trading after the news broke.The company is now on track to post a net loss of $5.4 billion for the year.Volkwagen’s losses […]

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