Volkswagen has finally reached a deal with US authorities regarding the emissions scandal that resulted in the stock collapsing by 34% to a low of €92 in September 2015, and the resignation of the group's CEO.
The compensation deal last month comes more than six months after the group admitted to cheating on US diesel emission tests. This resulted in shares of global carmakers falling as fears increased they too could be impacted by the scandal, as well as the possibility of increased regulatory pressure concerning carbon efficiency. Other carmakers have already come under pressure. Shares in German-listed Daimler fell last month after the group revealed it is reviewing its US emissions certificate process following a request from the US Department of Justice. Meanwhile, it emerged recently...
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