logo-loader

Automotive sector ‘toxic’ after Volkswagen emission bombshell, says Spreadex

Published: 18:14 25 Sep 2015 AEST

Connor Campbell, financial analyst at spread betting firm Spreadex, says many investors will class the automotive sector as toxic in the short-term following the VW emission scandal, but car makers proving their sincerity on eco-friendly practices should start to appeal.

The world's biggest car maker admitted last week that it deceived US regulators in exhaust emissions tests by installing a device to give more positive results.

Chief executive Martin Winterkorn has resigned and the episode has wiped billions from VW’s market cap.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

10 hours, 17 minutes ago