(Blog 3) Automotive - Volkswagen

Today, I'm looking at Volkswagen and they aren't doing too well compared to their normal business. While they are just barely on the high side of their annual turnout ($27.81-$47.77), they have been tumbling in the past few days, going from around $42 two weeks ago down to around $39 now, which is not good at all. I believe this has something to do with that China recall over Gearbox defects that happened a little bit ago - their credibility probably dropped and their revenue probably did too. I can only see it continuing to go down from here on out because of this incident, although it doesn't mean much to me since our stocks are aggressive ones like Google and such. Hopefully the car industry in general can get back on its feet.

Luigi