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Diesel emissions reveal fraud scandal that made Volkswagen (VW), consumer confidence in the automotive industry may decline. This was disclosed by Fumihiko Ike, chairman of the Japan Automobile Manufacturers Association.
Men who also serves as chairman of Honda Motor Co. This explains, VW has damaged what had awakened during this time between the manufacturer and the consumer. “These actions undermine trust in the automotive industry,” he said, as quoted by Automotive News, Friday (10/02/2015).
“I find it hard to understand how it is (fraud emission standards) can happen,” said Ike. “And I was disappointed with what they do,” he added.
This remark is actually already seen the proof. A few days after the discovery of a case, VW shares plunged 20 percent. Not to mention the potential decli...Read More