Volkswagen’s rough ride is set to continue.
The company has been reeling since September 2015, when news first broke that Volkswagen had been purposefully cheating on emissions standards in its diesel engines. Since then, investors have sent Volkswagen’s stock tumbling, governments have begun to take action and legal challenges are piling up.
Things are about to get worse. Dozens of major investors in Volkswagen are banding together to bring a lawsuit for hundreds of millions of dollars in restitution from the company. The case is led by a German law firm and currently counts around 66 large U.S. and British investors. Add that to the many other lawsuits Volkswagen now faces Read more…
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