Volkswagen obtains financing to support hybrids and exports from Brazil
Automobile and commercial vehicle manufacturer Volkswagen obtained 2.3 billion reais ($425.62 million) in financing from Brazil’s National Bank for Economic and Social Development (BNDES). The package includes credit lines aimed at accelerating the automaker’s development of hybrid vehicles and expanding the export activity of its operations in Brazil. Beyond accelerating Volkswagen’s range of hybrid vehicles,…