COVID Stimulus Watch Individual Entry

Recipient Company:

Volkswagen Group of America Finance LLC

Loan or Loan Guarantee Amount:

$3,157,170

Recipient Details

Ownership Structure: publicly traded

Award Date: Oct 8, 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:

Parent Company: Volkswagen

Headquartered in: Germany

Parent Sector: motor vehicles

Parent Industry: motor vehicles

Employees (prior to pandemic): 119,200

Employment-related Penalties: $2,904,441

Government-contracting-related Penalties: $50,000,000

Environmental / Healthcare / Safety Penalties: $21,678,611,411

Consumer Protection / Financial / Competition-related Penalties: $4,107,682,000

CEO Compensation: $11,643,941

Total Federal, State, and Local Subsidies: $708,904,987