Monday, April 25, 2016
The auto industry is under stress because of Volkswagen's cheating. Manufacturers are trying to steer clear of the controversy but regulators are on the hunt. We now know that Mitsubishi diddled its test results as well and investigators are looking into Peugeot. So far, American manufacturers have avoided official action but that doesn't mean they are off the hook. The effects of the Volkswagen dishonesty will reverberate for months if not years. It is a watershed moment for the industry and anyone who might be thinking of getting around regulation is on alert. Volkswagen's managers must be asking themselves why they were so stupid. Other auto manufacturers are furious with the company as well they should be. They have been tarred by association.