NY Times: VW, Reeling From Emissions Scandal, to Delay Earnings Report
Volkswagen announced that it would delay releasing annual earnings and its annual meeting. It can't determine how much the scandal will cost the company. Or perhaps they can't admit to themselves that they destroyed the company.
“They don’t know what to say to their shareholders.” said Ferdinand Dudenhöffer, a professor at the University of Duisburg-Essen.