BARCLAYS | Potential reduction in car production as a result of the Volkswagen emissions scandal may negatively affect growth in Central Europe – we believe VW factories generate 0.5- 2.9% of GDP in Czech Republic, Slovakia, Hungary and Poland.
The Volkswagen scandal is a gigantic fraud which has taken in nearly 11 million consumers, as well as a host of governments well endowed with civil servants and a raft of regulations. This deception now forms part of a long list of disgraceful corporate actions which have been revealed since the fall of the Berlin Wall on November 9, 1989.
Fernando Barciela | Volkswagen appoints an insider executive as its new CEO, without explaining if the company’s leadership was aware of the fraud with diesel cars