Brazil: BNDES to lend VW Real 342m for new models

Brazil’s state-controlled Economic and Social Development Bank, BNDES, approved on 9 July the provision up to Real 342m (US$168m) to help finance Volkswagen do Brasil’s development of a new subcompact model and facelifts of other locally-produced VW cars; aid will also go to a number of the VW Foundation’s social Subscribe to Automotive World to … Continued

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• July 11, 2012