#VWGate - automotive industry crisis rocks Germany

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By Marney Carmichael
#VWGate - automotive industry crisis rocks Germany

The emissions scandal that has shaken Volkswagen Group is to undermine the image of the German firm and threaten the country’s economy.

The resignation of CEO Martin Winterkorn will not calm the storm and more employees are likely to follow the ex-chief out the door. On social networks, the famous slogan of the brand, Das Auto, has been the subject of heavy criticism, and the scandal has been given the Twitter hashtag of #VWGate. The firm faces many a bad joke and has a huge task to tackle – that of regaining investor and consumer confidence.

In 2011, Environmental group Greenpeace showcased its VW: The Dark Side ad when Volkswagen opposed key European climate change laws. To sign their petition Europe vs CO2 “to join the thousands who believe in cutting new car pollution”, click here.

Video statement from Volkswagen CEO Martin Winterkorn: