 "Motherson Sumi cracks 6% on Volkswagen woes")
Shares of Motherson Sumi have cracked 6% to Rs 246 on the BSE after German carmaker Volkswagen, its client, admitted that it had falsified emissions tests of diesel-powered vehicles in the United States. CLICK FOR FULL STORY
Meanwhile, the US authorities stated that they would widen the probe to other automakers as well.
German officials, alarmed at the potential damage the scandal could inflict on its car industry, urged Volkswagen to fully clear up the matter and said it would investigate whether emissions data had also been falsified in Europe.
"You will understand that we are worried that the justifiably excellent reputation of the German car industry and in particular that of Volkswagen suffers," German Economy Minister Sigmar Gabriel said.
The stock opened at Rs 260 and touched a low of Rs 239.65 on the BSE. A total of 884,008 shares changed hands on the BSE so far.
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