DW spoke to the head of Global Automotive Research at Evercore, Arndt Ellinghorst, in London, asking him about the damage to the VW brand and just how much the recent emissions scandal would cost the company.
German automaker Volkswagen posted a doubled net profit in 2017, selling more cars than ever before. Its bottom line held up despite an emissions scandal, but fallout from a recent testing scandal lies ahead.
US President Donald Trump's threat to impose taxes on European cars has sent shivers through the German auto sector. Analysts and politicians warn that the move could backfire on the US car industry, and even help China.
Here it is again, the VW diesel crisis. Even if the German auto giant appears reformed and wants to look ahead, the legal processing in its Dieselgate scandal is only at a starting stage, says DW’s Henrik Böhme.
German carmakers have condemned experiments they paid for that exposed monkeys to toxic diesel fumes. VW also apologized for a lack of judgment in a further case connected to the Dieselgate emissions scandal.
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