In this edition of Business Line we focus on the 'Dieselgate' scandal - the effects on Volkswagen and Mitsubishi along with the unanswered questions for European owners of VWs.
Seven months ago, the automotive world was rocked by the biggest scandal since the invention of the internal combustion engine as US authorities accused Volkswagen, one of the world’s most venerable brands, or widespread deception.
‘Dieselgate’ wiped billions off its market value, forced out long-time CEO Martin Winterkorn and sparked investigations worldwide aimed at shedding light on major manufacturers’ practices.
In this edition of Business Line we focus on the consequences of the scandal for VW, as well as address the many questions hanging over the company.
Who was responsible for the test cheating? Will Europeans be offered the same compensation that was agreed in the US? And what exactly is VW doing to fix the problem?
We also report on Japanese carmaker Mitsubishi’s similar problems and see how the emissions scandals loomed over the Beijing Auto Show, where global and local producers compete for sales in the world’s biggest car market.