Market value automobile manufacturers after dieselgate decreased

Posted on 28-04-2016 at 20:57 by Dizono – 27 Comments”

And that capital letters are there for a reason. Only Renault (+19%) and General Motors (+2%) increase the figures slightly.

Since it is known that Volkswagen has cheated and other brands gradually in the scandal were involved, state the market value of car manufacturers under pressure. On Renault and GM, all the listed car manufacturers currently worth less than 15 september 2015. A day later, the prices are plunging and that decline seems to continue.

In total there is something more than a half year, almost € 50 billion in market value evaporated, according to the Financial times. To you just to give an idea how much that is: if you have all those euro’s would pile up, you get a stack that is 115,000 miles high. Information you are nothing else, but I found it fun to pause for a moment to count.

Incidentally, the figures are not entirely up to dieselgate due. So, many manufacturers have also suffered from the stagnant growth of the Chinese economy.