LONDON: Volkswagen shares have taken a predictable hit from the news that the emissions cheating scam may be even bigger than thought.
The company has slumped to the bottom of the Frankfurt stock market, down 3.33%, after US regulators claimed that the 2015 Porsche Cayenne contained software to evade emissions tests.
They also alleged that several Audi models are involved in the scandal.
Volkswagen has denied adding ‘defeat devices’ to these cars, but the prospect of the scandal widening is another blow to the carmaker.
