The consequences of the scandal, which was caused by the environmental pollutions due to the company's faulty engines, have had a strong impact on the automaker's economic performance. Volkswagen's share on the European market has dropped to its 8-year minimum due to the low sales volume. Earlier, the company's net profit for the 1st quarter of 2016 has decreased by 19%. Volkswagen's sales growth in May was only 4%, which is much worse than the competitors' results.
Because of the negative data Volkswagen shares fell by 2.16%. The value continues to decline, which gives traders a chance for good earnings. Remember, that trading will be available during the European session, from 8:15 to 16:30 GMT time.
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