Stephen Wilmot, The Wall Street Journal, January 11, 2017
On the face of it, Tuesday was Volkswagen’s red-letter day. The company stated record annual car deliveries and confirmed reports that it was very close to settling with U.S. legal authorities over the 2015 emissions scandal. But dieselgate isn’t the company’s biggest obstacle to recovery. Resurgent hopes make it a bad time to invest. Don’t be fooled by the latest headlines: Volkswagen’s recovery is likely to be a drawn-out affair at best. […read more]