04/27/2022
German investor confidence nosedives after VW emissions scandal.
The revelation that millions of Volkswagen diesel cars had been polluting the air far more than had been claimed has helped send German investor confidence plunging.
Weakness in emerging markets is also blamed for the fall.
The monthly survey by the ZEW Centre for European Economic Research showed economic sentiment slid to 1.9 in October from 12.1 last month – far below what was forecast and the seventh consecutive decline.
A separate index tracking current conditions also dropped more than expected.
VW’s admission that it fixed emissions tests in 11 million of its diesel-engine cars wiped tens of billions of the company’s market value.
https://www.euronews.com/2015/10/13/german-investor-confidence-takes-a-dive-after-vw-emissions-scandal
The revelation that millions of Volkswagen diesel cars had been polluting the air far more than had been claimed has helped send German investor