COVID Stimulus Watch Individual Entry

Recipient Company:
Volkswagen Group of America Finance LLC
Loan or Loan Guarantee Amount:
$3,191,006

Recipient Details

Ownership Structure: publicly traded

Award Details

Award Date: Aug 10, 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
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: $1,043,192
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $19,594,363,298
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $4,096,682,000
CEOpay icon
CEO Compensation: $11,643,941
Tax icon
Total Federal, State, and Local Subsidies: $415,200,000
Subsidy Tracker
Violation Tracker

Details on Accountability data sources