Gearing up

“Our business in China has grown strongly during the past few years. With our entry into the Chinese bond market, we now have a further alternative at our disposal to fund our growth”

Frank Fiedler w

Frank Fiedler

Volkswagen Financial Services CFO Frank Fiedler discusses with the Financial Times the German carmaker’s Rmb2 billion three-year bond – its first corporate debt issuance since its emissions scandal. VW said it delivered 939,400 cars in China in the first four months of the year, up 4.4%, with a VW board member saying “China along with central and eastern Europe are the only growth regions for the Volkswagen brand”.

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