New York Times: AS scandals go, it was a juicy one. Volkswagen, one of the world's highest grossing automakers, persuaded consumers it had created a new generation of so-called clean diesel cars - until investigators discovered that defeat devices, which activated emissions controls only when the cars were tested, were concealing the fact that its vehicles emitted up to 40 times the permitted levels of pollutants during regular use.
Volkswagen has been punished with consumer opprobrium, a costly recall and plummeting...