Volkswagen faces its investors
Dieselgate: Volkswagen now needs to face its investors
Volkswagen private investors have sued the German giant of automobile with over 1400 lawsuits, claiming a total of 8,2 billion euros in compensation for the damages caused by the emission scandal. Indeed, when the crisis was brought to light, the investors have witnessed Volkswagen exchange rate losing forty percent in only two days, burning down this way almost 30 billion euros of market capitalization.
The firm Volkswagen is also being sued by important institutional investors such as the German and the American governments. For instance, two of the complaints dropped off in front of The Brunswick Court represent, alone, a total of 2 billion euros.
A year after, is the German constructor capable of recovering the scandal of pollutant emissions?
A year ago, the duplicity of Volkswagen on the emissions tests was publicly exposed and made the headlines of the whole international press. Millions of diesel models were implicated. This affair plunged the German automobile constructor into an unprecedented crisis.
The German firm is nowadays enhanced about 20 percent less than it value pre-September 2015 and still has to face several lawsuits. For some, this affair could be in favour of the German firm. Indeed, the new CEO Mueller has adopted an audacious strategy by promising dozens of new electric vehicles in the upcoming years as well as investments in fields such as the shared managed services and autonomous cars.