Volkswagen Vexation: The major story with market implications overnight has come out of Germany, with Auto conglomerate Volkswagen revealing that 11 million of its diesel cars worldwide are equipped with devices that can cheat pollution tests. With huge political implications and negative publicity adding to the fraudulent claims, this story sent VW stocks tumbling and worldwide indexes along with it. Volkswagen shares, fell 17% on Monday, followed by another 23% last night. The company’s
↧