Volkswagen reportedly lost about 23 billion euros of market value due to the recent scandal about the company cheating an emissions test of their diesel engines.
Image: theatlantic.com
For those that are still unfamiliar, there was a recent case that some diesel cars being sold in America had been installed with devices that could detect when they were being tested, changing the performance to give off lower emissions in order to improve results. The Environmental Protection Agency (EPA) backs this up, and the German car giant itself already came clean and admitted that about 11 million cars worldwide are fitted with these performance-altering devices.
The company is currently under close observation with investors and VW owners questioning the integrity of the auto industry as a whole and contemplating on demanding compensation for being misled.
“If we can with some certainty establish that we, as investors, were misled by the company, and that has affected our returns, then I cannot rule out that we would seek compensation from the company,” one of Volkswagen’s top investors in Europe told Reuters.
As of the moment, the costs were estimated to be around 23 billion euros ($25.7B) due to fines and recalling said vehicles — with the case still far from over.
YugaTech.com is the largest and longest-running technology site in the Philippines. Originally established in October 2002, the site was transformed into a full-fledged technology platform in 2005.
How to transfer, withdraw money from PayPal to GCash
Prices of Starlink satellite in the Philippines
Install Google GBox to Huawei smartphones
Pag-IBIG MP2 online application
How to check PhilHealth contributions online
How to find your SIM card serial number
Globe, PLDT, Converge, Sky: Unli fiber internet plans compared
10 biggest games in the Google Play Store
LTO periodic medical exam for 10-year licenses
Netflix codes to unlock hidden TV shows, movies
Apple, Asus, Cherry Mobile, Huawei, LG, Nokia, Oppo, Samsung, Sony, Vivo, Xiaomi, Lenovo, Infinix Mobile, Pocophone, Honor, iPhone, OnePlus, Tecno, Realme, HTC, Gionee, Kata, IQ00, Redmi, Razer, CloudFone, Motorola, Panasonic, TCL, Wiko
Best Android smartphones between PHP 20,000 - 25,000
Smartphones under PHP 10,000 in the Philippines
Smartphones under PHP 12K Philippines
Best smartphones for kids under PHP 7,000
Smartphones under PHP 15,000 in the Philippines
Best Android smartphones between PHP 15,000 - 20,000
Smartphones under PHP 20,000 in the Philippines
Most affordable 5G phones in the Philippines under PHP 20K
5G smartphones in the Philippines under PHP 16K
Smartphone pricelist Philippines 2024
Smartphone pricelist Philippines 2023
Smartphone pricelist Philippines 2022
Smartphone pricelist Philippines 2021
Smartphone pricelist Philippines 2020
