Well he must have a dozen vehicles. Transporters, Caddys and Amaroks. I assume he's happy to keep on going back.
Cynical me was thinking before all of this broke, then they could by them back at a much reduced price, shorting in effect. Whilst dumping shares will depress prices presumably this price drop reflects what people are prepared to pay ? My gut feeling would be that VW shares would start to look like a buying opportunity in this topsy turvy world.
I thought of buying shares at this point myself. It's not like VW make bad cars. They'll be back to their winning ways in no time, just a little bit more careful. I have always loved the torque of the diesel golfs at work... Now we know why.
When a story in the news is this BIG you have to look to see what else is happening... this is a distraction, and I'm sure that VW as part of the global industrial elite are either taking one for the team here or they needed their valuation pulling down for a reason. Perhaps as a major contributor to the German economy there is a link between depressed company valuation and the Chancellor's invitation to 800k refugees to set up home in the Fatherland? I dunno, but you can guarantee that there is more to this than meets the eye!
Ah-hah! Conspiracy theory! Brilliant. I don't think that independent companies "take one for the team" when it's going to cost tens of billions of £££.
Don't say I didn't warn you. BTW: did you watch the last season of Black Mirror where the PM worked a pig over? :Facepalm: