Volkswagen Scandal an "Extinction-Level Event" for VLKAY Stock

A Volkswagen scandal is playing out on the world's stage this week - one that could be "an extinction-level event for VW as we know it today," according to Money Morning Chief Investment Strategist Keith Fitz-Gerald. Volkswagen AG (OTCMKTS ADR: VLKAY) stock plunged 17.1% Monday after the 78-year-old company confessed it deliberately programmed more than 500,000 vehicles to emit lower levels of emissions during official testing than when they're on the road. Over the last five sessions, VLKAY stock fell 29.4% in heavy trading. Is this only the beginning of the reputational fallout for VW, or has the worst passed? If you like Volkswagen, this will come as bad news... Tags: OTC: VLKAY , VLKAY , VLKAY price , VLKAY scandal , VLKAY stock , VLKAY stock price , Volkswagen , Volkswagen emissions scandal , Volkswagen scandal , Volkswagen scandal 2015 , Volkswagen scandal explained , Volkswagen stock , Volkswagen stock price , VW emissions scandal , VW scandal To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Volkswagen Scandal an "Extinction-Level Event" for VLKAY Stock appeared first on Money Morning - We Make Investing Profitable .