VLKAY scandal

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    A Volkswagen scandal is playing out on the world's stage this week - one that could be "an extinction-level event for VW as we know it today," according to Money Morning Chief Investment Strategist Keith Fitz-Gerald.

    Volkswagen AG (OTCMKTS ADR: VLKAY) stock plunged 17.1% Monday after the 78-year-old company confessed it deliberately programmed more than 500,000 vehicles to emit lower levels of emissions during official testing than when they're on the road. Over the last five sessions, VLKAY stock fell 29.4% in heavy trading.

    Is this only the beginning of the reputational fallout for VW, or has the worst passed?

    If you like Volkswagen, this will come as bad news...

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