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You must be living on Mars (although with yesterday’s astonishing news from Nasa, perhaps you are?) to think we would not refer you at some point to an article on the scandal that could well bring down VW. The world’s largest carmaker appears to be in freefall, losing 30% of its market capitalisation in the week since it was discovered to be fibbing about its vehicle emissions, as well as its chief executive. This excellent lowdown from The Economist tells you what’s important and why – the damage to VW is “cataclysmic”; the effects on the global automotive industry, and by extension the logistics industry, will be profound; while Germany’s reputation as a purveyor of the finest engineered goods will not emerge unscathed.

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