Volkswagen emission test cheating rocks Europe’s car manufacturers

by | September 22, 2015 2:45 am

The European car industry was shaken yesterday after Volkswagen’s share price fell almost 20 per cent over its admission that it cheated on US emissions tests, triggering calls for a broader inquiry into the sector. More than €13bn was wiped off VW’s market capitalisation, triggering a wider fall in carmakers’ shares, after Martin Winterkorn, the…

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