Friday February 28, 2020

VW emissions fallout: More may feel the heat

There is potential for exposure to numerous class actions - and companies supplying Volkswagen could suffer collateral hits

27th September, 2015
Workers at a Volkswagen plant apply the final touches to a Jetta car: the consequences of the German car giant’s emissions scandal are likely to be brutal Bloomberg

Just one working day before Volkswagen dropped its bombshell on the world’s stock markets, a senior member of its board of management, Hans-Dieter Pötsch, delivered a keynote address to an audience of fund managers and institutional investors from all over Europe, at the Deutsche Bank-sponsored IAA Cars 2015 Conference in Frankfurt.

“Volkswagen Group: stability in volatile times” was the opening banner slide for Pötsch’s presentation. He had a somewhat mixed story to...

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