--Volkswagen's Head of Finance currently sees no reason to use state financial aid that goes beyond short-time work compensation to overcome the coronavirus crisis, financial publication Boersen-Zeitung reports.

--Frank Witter said in an interview with the publication that Volkswagen had built a good foundation in the 2019 financial year and sees "a strong cash flow and a respectable net liquidity in the automotive sector."

--Mr. Witter said Volkswagen "should have the strength to get through the corona crisis" due to a "substantial network" of credit lines, access to capital markets and deposits of over EUR30 billion via VW Bank among other things, Boersen-Zeitung reports.

Full story (in German): https://bit.ly/2JhuVF7

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(END) Dow Jones Newswires

March 27, 2020 05:42 ET (09:42 GMT)

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