[quote]In California — which has the nation’s toughest emissions standards and where about 15% of Volkswagen’s affected diesel vehicles were sold — the Air Resources Board and the Department of Motor Vehicles will require owners to prove they made the fix before renewing their state registration.[/quote]
With 15% of the cars sold in California, I suspect there will be many unhappy people since CARB is forcing the fix before renewal.
VW has lost a 1/3rd of its market cap already due to this, half when you take its prior losses due to slowing China growth but I suspect the real stock hammering happens when the reports start hitting about perceptions of performance impacts from the Dino mode.
