VW scandal may affect investment in Central Europe
Tuesday, October 27, 2015
The impact of the Volkswagen scandal on Central Europe.
Autos account for 15-25% of total exports across Central Europe (CE). Poland's consumer watchdog has launched an investigation into the Volkswagen (VW) emissions affair, which is likely to affect up to 150,000 cars locally, alongside an estimated 2 million in Hungary. The Czech authorities are yet to release official figures on locally manufactured cars fitted with 'defeat-device' software circumventing emissions checks; the Slovak government has been reticent about the likely impact on the economy.
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