The largest carmaker in Germany has decided to recall more than two thousand Caddy models from the Russian market due to the serious problems with the wiring. Such defect can make the engine start automatically, which will potentially increase the risk of car accidents. The owners of defective models will be informed about the necessity to contact the service for further inspection. Last year the release of defective engines led to environmental pollution, and cost the company the large fine and the number of trials.
The negative sentiment has strongly affected the value of Volkswagen shares, which has decreased by 4.09%. Traders have a great opportunity to earn money on a further fall. Trading will be available during the European session, from 7:00 to 15:30 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.