As Worldwide Sales Collapse, VW’s Dieselgate Scandal Could Cost Up To $87 Billion In Total
by Tyler Durden
ZeroHedge.com
10/16/2015
>”The market does not appear to be discounting negative knock-on effects. The outcome for recall costs and fines is unclear and largely depends on the engine performance post repair,” said a Credit Suisse analyst in its report on the scandal. Estimates from Credit Suisse peg the costs of Dieselgate at a worst-case scenarios of $87 billion. This would make the VW scandal could be even bigger than Enron Scandal and BP Deepwater Scandal combined.
The Rest…HERE
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