Volkswagen: When “Hubris” Leads To A Corporate Governance Disaster And Shareholder Pain

Last month global sales at VW fell 4.7%, while in the United States they fell 13%. As for estimates of the overall costs of the scandal, U.K. media reports place analysts’ estimates of the final cost of the scandal to VW in a wide range – from $5 billion to $50 billion.” Repeat – pity the shareholders.