Volkswagen shares were lower Monday after sketchy details of how it will compensate U.S. owners of diesels which flouted U.S. rules, and news of VW?s financial provisions for dieselgate. Investment banks were surprisingly upbeat about VW?s prospects, not least because of the lack of detail of U.S. arrangements, and the possibility, not yet addressed, of the scale of lawsuits from aggrieved U.S. dealers and individual U.S. states for VW?s possible fraudulent advertising.

from Forbes – Tech http://ift.tt/1qLqZ3F
via IFTTT