VOLKSWAGEN BOUNCES BACK

VOLKSWAGEN'S BOUNCE BACK

Chancellor Angela Merkel, who wasn't very vocal about the dieselgate scandel, called the Volkswagen's  deceit and disclosure "a dramatic event" and urged them to clarify the issue as soon as possible. Seeking public trust, Volkswagen resorted to  full-page advertisements in national newspapers in its home market. (See Video below). All things considered, today was a good day for Volkswagen AG. By the looks of things, Volkswagen has somehow managed to contain the fallout from its "Diesel Gate Scandal", within a few short day by setting up several websites for their loyal VW, Audi, Seat and Skoda clients to easily self verify whether or not their vehicles are fitted with the "cheat device". As such the VW share price started to recover very quickly as can be seen on the slide below. At 4:00 PM today, the share price reached a high of €98.07 delivering a yield of 5.14% opposed to the opening low of €93.90 at 9:00 AM this morning. Unfortunately the share price took another dip thereafter and settled at  €97.30 by 5:30PM, yet still above 5%.   

The websites  mentioned above, allows VAG vehicle owners to input their Vehicle Identification Number (VIN), and the response from the Volkswagen AG database will confirm  the presence or absence of the dubious software associated with noxious emissions. Links to the websites can be found at the bottom of this web page. 

The graph above shows Volkswagen's share price over the past 5 years and it can clearly be seen that the current share price is more-or-less at the same level it was in the last quarter of 2011.  Tomorrow is Wednesday 7th October and marks the deadline for Volkswagen AG to present a "plan of action" to remedy the emissions problem of approximately 2.8 million vehicles in the German market.  In an attempt to soften the blow given to the general public by Volkswagen AG, it came up with some ads.

TRUST

Diesel Stinks.... but the dog "Tuna" 

smells worse than diesel fumes

WINGS

The Angelic beings who not only lied through 

their teeth about emissions, but went as far as 

cheating and hoodwinking the general public 

and the authorities with software mimics  emission 

control equipment because the new Volkswagen 

diesel engine just wasn’t good enough.