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Sunday, 6 November 2016

Dieselgate -- never forget

A year after it admitted using illegal software to rig diesel emissions tests, Volkswagen (VW) has still to publish the results of an investigation into who was responsible.
But it has reached a $15 billion settlement with U.S. authorities and worked out a way to refit up to 11 million affected vehicles worldwide, helping its stock to recover almost half of the losses suffered immediately after the scandal broke.

Investment Brokers say ...
Bankhaus Metzler analyst Juergen Pieper said VW should be bold, suggesting 5,000 job cuts through voluntary redundancies and early retirement and a sale of costly components plants. Anticipating change, he has a “buy” rating on VW shares and a target price of 180 euros.