The reason behind this story is quite simple. Germany's Carmaker generating 407 Billion Euro Revenue per year. The Auto Industrie is the largest sector in Germany. BWM, Daimler and VW stocks are part of every investment strategy in the world - depending on Europe and/or Germany. This stocks are likely to be sold now.
Priced into the BMW stock is:
Quote: "BMW 'Categorically Rejects' Allegations of Emission Cheating"
Source: thedrive.com/sheetmetal/12779/bmw-categorically-rejects-allegations-of-emission-cheating
Latest fact's showing that this story isn't true:
Doubts on BWM clean Diesel
Source: m.spiegel.de/wirtschaft/unternehmen/a-1160588.html
(Same story in English as soon as available).
Priced into the BMW stock is:
Quote: "BMW 'Categorically Rejects' Allegations of Emission Cheating"
Source: thedrive.com/sheetmetal/12779/bmw-categorically-rejects-allegations-of-emission-cheating
Latest fact's showing that this story isn't true:
Doubts on BWM clean Diesel
Source: m.spiegel.de/wirtschaft/unternehmen/a-1160588.html
(Same story in English as soon as available).
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ADDITIONAL INFORMATION: click on the chart above and load new bars and comments.Not
FUNDAMENTAL VIEW: BEYOND DIESEL EMISSION SCANDALQUOTE: "Audi targets 10 billion euros in cost cuts to fund electric-car push: sources"
SOURCE: investing.com/news/stock-market-news/audi-targets-10-billion-euros-in-cost-cuts-to-fund-electriccar-push-sources-512094
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Comment: FUNDAMENTAL VIEW: 1.CUSTOMERS MIGHT RETURN THEIRE DIESEL CARS.
2. AT LEAST U.S. INVESTORS WILL START CLASS ACTIONS BASED ON FRAUD IF STOCKMARKET PRICES GOING DOWN ON THIS ISSUE:
This is going to cost billions for all 5 carmakers in Germany:
m.bild.de/news/inland/dieselmotor/ich-habe-angst-dass-ich-meinen-porsche-nicht-mehr-fahren-darf-52709892.bildMobile.html
Source available in German Language only. Follow up in english as soon as available.
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Similar story in English Language: German carmakers face political reckoning over diesel
uk.reuters.com/article/us-germany-emissions-idUKKBN1AG12U
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FUNDAMENTAL VIEW: MAJOR RISK FOR GERMANY'S CARMAKERSspiegel.de/wirtschaft/unternehmen/autokartell-bafin-prueft-adhoc-fehler-bei-vw-und-daimler-a-1161733.html
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ENGLISH TRANSLATION as soon as available.
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FUNDAMENTAL VIEW: DIESEL EMISSION SCANDALEmissions scandal is a risk to German economy: ministry
investing.com/news/stock-market-news/emissions-scandal-is-a-risk-to-german-economy-ministry-520457
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Audi chief knew about diesel manipulation up to 9 years before scandal broke Revelations would confirm that decision to use software to manipulate diesel emission filters went right to the top
irishtimes.com/business/transport-and-tourism/audi-chief-knew-about-diesel-manipulation-up-to-9-years-before-scandal-broke-1.3193084
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Serious:Diesel-Fahrverbote «nahezu unausweichlich
bazonline.ch/ausland/europa/DieselFahrverbote-nahezu-unausweichlich/story/24474508
(Update in english language as soon as available)
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Developing important story, available in German Language only. Follow up in english as soon as available. Please use translator to get the meaning in the meantime.Verkehrsministerium plant Hardware-Umrüstung von Diesel-Pkw
m.spiegel.de/auto/aktuell/a-1164599.html
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Umweltbundesamt zweifelt am Nutzen von Hardware-NachrüstungDie Autoindustrie soll per Software-Update für bessere Luftwerte sorgen. Umweltministerin Hendricks geht das nicht weit genug: Sie fordert eine technische Nachrüstung. Aber selbst da sieht eine neue Studie kaum Wirkung.
m.spiegel.de/auto/aktuell/a-1164770.html
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Remark: update in english language as sonn as available. Today's facts
Regulators saying:
- Software updates not working like necessary
- Hardware updates unlikely to solve out this issue
Germany's carmakers likely forced to buy back all Diesel engine powered cars they sold in Germany in the past 6 years.
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Merkel Opens Door to Diesel Lawsuits as Election Rival https://Attachttps://www.bloomberg.com/news/articles/2017-08-27/merkel-opens-door-to-diesel-lawsuits-as-election-rival-attacksNot
China looks at ending sales of gasoline carsChina's industry ministry is developing a timetable to end production and sale of traditional fuel cars, state media on Sunday cited a Cabinet official as saying.
The reports gave no possible target date, but Beijing is stepping up pressure on automakers to accelerate development of electrics.
cnbc.com/2017/09/10/china-looks-at-ending-sales-of-gasoline-cars.html
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.