Audi, Skoda and Seat now Embroiled in the Emissions Scandal

Having been forced to admit that millions of their cars are fitted with a piece of software than give out false readings when a car was being tested for emissions, Volkswagen have been feeling the wrath of disgruntled and outraged owners of their vehicles.

However, many industry experts believed that is was not only Volkswagen cars that had that piece of software fitted that gave the impression their cars emitted very low levels of pollutants, and it has now been announced that there are several other vehicles which are affected.

As such if you own or drive a new Audi, Skoda or a Seat manufactured car and you have purchased that new car recently then the odds are that your vehicle has also been fitted with that software and as such the emissions are not as low as you may have thought.

Millions of news cars in many different parts of the world from those additional manufacturers are now going to have to be recalled and have the onboard computers reset, and that is not only going to be a costly operation but it is going to infuriate owners of those new cars.

The fines that are going to follow from the disclosure about those false emissions caused by that software is likely to be huge in value, and with many car owners also seeking redress the share values of all of the car manufacturers have taken a massive nose dive in value over the last few days, and those share drops in value are likely to continue for some time yet.

This revelation may have caused you to suspend any Binary Options trades you were thinking of placing on companies involved in the car manufacturing market sector, however this is actually a good time for you to start placing those trades due to the massive volatility in those companies share prices.

In fact some of the many other car manufacturers whose vehicles are not affected by that software are likely to see some gains in their share prices, and as such it may just pay dividends for you to place some well thought-out Binary Options trades on several companies involved in that market sector.

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