Volkswagen is recalling its products 2016-04-07 09:33:39

The famous German automaker has to recall more than 103 thousands cars in China. The reason for such serious measures was the failure of the brake pedal, which can easily lead to car accidents. Volkswagen is planning to fix all the models for free. The process will undoubtedly have a negative impact on the company's sales volume. It is also worth noting, that this is not the first major manufacturing error in Volkswagen’s production.

The news has negatively affected the Volkswagen shares, which have dropped by 1.07% and continue to decline. Traders have a great chance to earn money on the asset’s further fall. Remember, that trading will be available during the European session, from 8:15 to 16:30 GMT time.

The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.