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September 2015

Volkswagen – a case of tragically misdirected ingenuity

An environmental scandal saw the world’s biggest car maker yesterday lose a third of its sharemarket value – 25 billion (not million, as I earlier wrote!) euros – an eye-opener for any companies still sceptical about how consumers rate both honesty and the environment. While shares have rebounded slightly following chief executive Martin Winterkorn’s resignation, the cost to the company will continue to add up, as fines and consumer resistance start …Read More