The shares of German car manufacturer Volkswagen have dipped nearly 20% since the company admitted it had rigged emissions tests of diesel-powered vehicles in the US.
Volkswagen has thus far set aside about R100 billion for imminent penalties as the CEO remains under pressure.
Just how much trouble is the car maker in?
The Money Show’s Bruce Whitfield interviewed Mark Smyth, Editor of Business Day Motor News.
Scroll down for quotes from the audio below.
They’ve damaged their brand’s reputation. They deliberately cheated and admitted it.— Mark Smyth
There is a possibility that 11 million vehicles are affected!— Mark Smyth
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