Bloomberg is reporting that Volkswagen AG’s diesel-cheating affair has deepened. The European Union urged all 28-member countries to start their own investigations and the scandal threatened to ensnare rival BMW AG. In Germany, spot checks of vehicles will not be limited to Volkswagen, while BMW shares plunged after a report that a diesel version of the X3 sport utility vehicle emitted more than 11 times the European limit for air pollution in a road test.
Jeff Brown is the Founder & CEO of Market Luminary. He previously served as the Founder/CEO/President of Blue Cod Technologies. He currently serves on Advisory Boards for Yodil Inc., Northeast Outdoors Foundation, and William J. O'Brien Lecture Series.