VW admits this is a global problem, possibly impacting 11 million vehicles:
http://finance.yahoo.com/news/volkswagen...45757.html
CEO almost certainly will be canned. Criminal charges likely to be filed. Class action lawsuits. Stock down another 20% today after a 20% drop yesterday.
A corporate disaster for the business school case studies...
Quote:BERLIN (Reuters) - Volkswagen AG (VOWG_p.DE) said a scandal over falsified U.S. vehicle emission tests could affect 11 million of its cars worldwide as investigations of its diesel models multiplied, heaping fresh pressure on CEO Martin Winterkorn.
http://finance.yahoo.com/news/volkswagen...45757.html
CEO almost certainly will be canned. Criminal charges likely to be filed. Class action lawsuits. Stock down another 20% today after a 20% drop yesterday.
A corporate disaster for the business school case studies...