The German carmaker is now in an extremely difficult position. The diesel scandal in September, when Volkswagen was accused of environmental pollution because of the defective engines, has already cost the company $ 8.2 billion. There is a possibility, that Volkswagen will soon pay a fine of $ 18 billion.
Recently more than 3,000 Volkswagen car owners from South Korea filed a class action lawsuit against the company, demanding to refund their money. In order to stop the crisis, the company decided to start decentralization, which helps to more efficiently control all processes. However, such negative news has immediately affected the shares' value.
The price of Volkswagen has already dropped by 1.42% and still continues to fall. Now traders have a great opportunity to earn money on a further decline. Remember, that trading will be available during the European session, from 7:00 to 15:30 GMT time.
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