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[CHART] VW Dieselgate Will Cost More Than Deepwater and Enron Scandals Combined

By , Money Morning -

VW's "Dieselgate" could end up being one of the most expensive, avoidable disasters in the world...

VW set aside $7.2 billion to deal with the scandal, but according to Credit Suisse's most conservative estimates, that's not nearly enough.

Here's how the actual cost of Dieselgate measures up to other major expensive (and avoidable) disasters...

VLKAY Recall Cover-Up Made Our List of the 5 Worst Auto Industry Cover-Ups Ever

By , Staff Writer, Money Morning -

Technology

The Volkswagen (VLKAY) recall cover-up was an incomprehensible act of deceit. But it was also just one of a few terrible auto industry scandals.

There was the great Ford recall of the late '70s. And there's the ongoing Takata airbag scandal.

Here's a list of what we consider to be the worst auto industry recall cover-ups of all time...

GM Recall Cover-Up Made Our List of 5 Worst Auto Industry Cover-Ups Ever

By , Staff Writer, Money Morning -

GM recall cover-up

The GM recall cover-up was a tragic case stemming from neglect. The company knew about the issue since 2001! Now 51 people have died.

Unfortunately, this isn't the first incidence of major recall cover-ups.

Here is our list of 5 of the worst auto industry cover-ups ever...

General Motors (NYSE: GM) Recall Is a "Legacy Issue for Years to Come"

By , Associate Editor, Money Morning • @TaraKateClarke -

Thursday's General Motors Company (NYSE: GM) recall of nearly 800,000 compact cars in North America is markedly different from the slough of other 2014 recalls from the likes of Toyota Motor Corp. (NYSE: TM), Ford Motor Corp. (NYSE: F), and Tesla Motors Inc. (Nasdaq: TSLA).

That's because, according to depositions in a civil lawsuit against GM, the carmaker knew about the defect that's caused fatal and nonfatal crashes since at least 2004.

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