Volkswagen Drags Other Auto Shares Lower On Fears Scandal Could Widen – Wall Street Journal

Posted: Wednesday, November 04, 2015

FRANKFURT—Shares in Volkswagen AG and the group’s financial holding Porsche Automobil SE tumbled by more than 8% in early trade Wednesday, dragging shares of other car makers lower on fears that more companies could be affected by the emissions scandal after Volkswagen admitted late Tuesday it understated the level of carbon-dioxide in additional cars, including gasoline-powered cars.

“One doesn’t believe any more that this is a mere Volkswagen problem, but the perception is that this will become a burden for all car…

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