22 Sep 2015

Volkswagen stocks close down 19.82%

Berlin - Volkswagen shares closed 19.82% down on Tuesday, extending massive losses for a second day after the German auto giant admitted that pollution-cheating devices were fitted on 11 million diesel cars.

The stock ended the day at 106 euros, having lost a total of 35% in two trading days and wiping out €25bn in market capitalisation.

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