Volkswagen, the German auto manufacturer has been charged with cheating customers and governments giving false claims about it’s diesel engine performance.

VW posts first loss in more than decade on account of fraud

Source

In this context, the company has posted a first ever loss in more than fifteen years of Euro 3.48 Billion for quarter ending September 2015.

According to anaylsists, this is just the beginning, as costs estimated for the scandal run into tens of billions of Euros, and may take the company a long time to recover.

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