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
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Pavlo Phitidis, founder of Aurik Business Accelerator.
The Money Show’s Bruce Whitfield interviews Darryn Faulds, a fund manager at Grovest Group.
Revenue collections are surprisingly good, so far, thanks to the VAT hike. Bruce Whitfield interviews PwC's Kyle Mandy.
Times are tough. Don’t spare her feelings! You must ask these questions of your advisor, implores Galileo Capital's Warren Ingram.
Bruce Whitfield interviews John Oliphant, former Principal Executive Officer at the Government Employees Pension Fund.
Testimonies at the Sars Inquiry has many South African taxpayers panicked. Bruce Whitfield interviews Sars' Mark Kingon.
Actress, Cancer survivor and activist Lillian Dube shares why she decided to be a cancer activist.
Gauteng residents are warned to brace themselves for another weekend of heavy rain, possible hail and damaging winds.
Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.
Azania Mosaka catches up with Sbahle Zwane's mother to hear about developments with his schooling.
IFP national spokesperson Mkhuleko Hlengwa says the party is calling for a review of these rates that are a cost to taxpayers.
Bruce Whitfield asks branding and advertising expert Andy Rice about a peculiar study that has creatives reaching for the tequila.