VW Taps $1.13 Billion Scania Payout as Cash Needed Amid Scandal

  • Dividend follows lack of Scania's payments to VW in 2013, 2014
  • VW sees diesel-motor rigging costs exceeding 6.7 billion euros

Volkswagen AG raised 9.6 billion kronor ($1.13 billion) from Swedish truck division Scania in 2015, equivalent to three years of dividends from the unit, as the German carmaker seeks cash to pay for billions of euros in costs to resolve an emissions-rigging scandal.

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