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VWoA is responsible for six marques: Audi, Bentley, Lamborghini, and Volkswagen, and in addition is the exclusive importer and distributor of Bugatti and Rimac cars in the U.S. [3] [4] It also controls VW Credit, Inc. (operating as Volkswagen Financial Services), [5] Volkswagen's financial services and credit operations. [6]
It is unclear how Volkswagen group plans to pay off that massive debt considering its falling global vehicle deliveries, [72] planned closure of at least 3 factories in Germany [73] after it previously closed 2 factories in Russia [74] as well as 64% drop in profit for the three months to the end of September 2024. [75]
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Repayment plans have the potential to bring upon individuals other financial issues, including financial hardship in the form of poverty, and also reliance on welfare systems. Taxpayers, students and other demographics can be drawn into repayment strategies which may not be financially feasible and may result in a default or repossession of assets.
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Volkswagen (VW; German pronunciation: [ˈfɔlksˌvaːɡn̩] ⓘ) [Note 1] is a German automobile manufacturer based in Wolfsburg, Lower Saxony, Germany.Established in 1937 by The German Labour Front, it was revitalized into the global brand it is today after World War II by British Army officer Ivan Hirst.