COVID Stimulus Watch Individual Entry

Recipient Company:
Volkswagen Group of America Finance LLC
Loan or Loan Guarantee Amount:
$1,059,054

Recipient Details

Ownership Structure: publicly traded

Award Details

Award Date: Nov 13, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: Volkswagen
Headquartered in: Germany
Parent Sector: motor vehicles
Parent Industry: motor vehicles
Employees (prior to pandemic): 119,200

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $2,904,441
Contracting icon
Government-contracting-related Penalties: $50,000,000
Environment icon
Environmental / Healthcare / Safety Penalties: $21,678,611,411
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $4,107,682,000
CEOpay icon
CEO Compensation: $11,643,941
Tax icon
Total Federal, State, and Local Subsidies: $708,904,987
Subsidy Tracker
Violation Tracker

Details on Accountability data sources