Auto Stocks Skid on Volkswagen – Wall Street Journal

Posted: Wednesday, September 23, 2015

The Volkswagen emissions scandal hit shares of auto companies hard Tuesday, as investors sold everything from makers of auto parts to car manufacturers.

Volkswagen AG shares tumbled nearly 17% in Europe on Tuesday, bringing its losses so far this week to 31%. The German company said Tuesday that as many as 11 million vehicles around the world have the software allegedly used to cheat emissions tests and disclosed it would take a…

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