A burning cargo ship adrift in the Atlantic Ocean carrying approximately 4,000 luxury automobiles from Volkswagen AG (OTC:VWAGY) could cost the German automaker at least $155 million.
What Happened: Russell Group Ltd., a British risk modeling group, estimated the total dollar value of goods on the vessel was $438 million, of which approximately $401 million was related to the automotive cargo and another $38 million was related to non-vehicle goods.
