Volkswagen AG made an agreement with the US regulators to repair about 70% of its doubtful diesel engines, which previously caused the environmental scandal. KBA, the German federal motor transport authority, also made some concessions by approving the renewal of 1.6 and 2-liter diesel engines. It will allow Volkswagen to resolve the environmental emission problems and restore its tattered reputation.
Traders reacted optimistically to this news. The value of Volkswagen shares reached its 1,5-month maximum and increased by 3.03% during the last trading hours. Do not miss the opportunity to earn money on a further growth. Trading will be available during the European session, from 8:00 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.