The Traderszone Network

Published in TZ Latest News 31 December, 2015 by The TZ Newswire Staff

VW scandal could kill U.S. diesel car market, Continental CEO says

Volkswagen’s (VOWG_p.DE) emissions test-cheating scandal could kill nascent markets for diesel cars in North America, Japan and China, the chief executive of automotive supplier Continental (CONG.DE) has told a German newspaper. “The diesel passenger car could sooner or later disappear from these markets,” Elmar Degenhart said in an interview with markets daily Boersen-Zeitung published on Thursday. Last month, Continental’s finance chief said the scandal was having little effect on diesel markets in the United States or Europe.