It was announced that Volkswagen owes more to two countries

During the coronavirus epidemic, we saw that the debts of automobile manufacturers increased even more. Total corporate debt worldwide increased by 12 percent to $9.3 trillion These days, 5 of the 10 companies with the most debt were direct automobile companies. Companies that borrowed money to finance mergers, share repurchases and dividends, especially in 2019, ended up in much more debt than expected due to the unexpected coronavirus pandemic. 

In the report on companies with the most debt published by Reuters, the debts of one company in particular attracted attention. It has more debt than even two countries in the world. Volkswagen, in total, due to the impact of the pandemic process $192 billion got into debt. With this debt South Africa or HungaryThe company, which has more debts than , is still among the world's largest automobile manufacturers despite these debts. 

The Volkswagen group increased its sales revenue by 7.1 percent to 252.6 billion Euros in 2019, and its net financial income increased by 7.3 percent to 4.96 billion Euros. The group's total production in 2019 was 10.8 million units.

5 of the 10 most indebted companies are automobile companies

Although the German automobile giant is the most indebted company, we see many indebted automobile companies further down the list. The automobile company with the most debt after Volkswagen Mercedes with 151 billion dollars's parent company was Daimler. Daimler with 138 billion dollars Toyota, with 122 billion dollars ford Motor Company, with $114 billion bmw followed.

There are also companies with cash reserves

In addition to automobile companies having high debts, there are also companies that have cash reserves. At the beginning of these companies with 104 billion dollars Google's parent company Alphabet It is followed by Samsung with $78 billion, Microsoft with $47 billion, and Facebook with $44 billion.