For those that might have been living under a rock for the last fortnight, Volkswagen have been found guilty (and have admitted their guilt) in regards to installing software in their engines that could alter the performance of the engine in the event that it detected an emissions test was being undertaken.

Its share price has been savaged, the CEO has resigned, and the talk of numerous law suits could have eye-watering consequences to their bottom line.

The US head of VW held his hands up and said “we screwed up”; but wasn’t so apologetic that he couldn’t continue to introduce the latest VW model at a car show, quickly followed up by a very animated welcome for Lenny Kravitz performing live! (Thank you John Oliver)

SOURCE: samcharter.com