This year has been awash with financial and business amour and excitement. Here, then, are my awards for a many fascinating stories of 2015, with a combined reward that a subordinate events have implications that will resonate into 2016 and beyond.
VILLAIN OF THE YEAR — VOLKSWAGEN
The news that Volkswagen, that mould of straitlaced German engineering, has spent years revelation what we Brits call “porky pies” about its diesel emissions was a corporate shocker of a top order. As good as wiping a fifth off a company’s marketplace value, a liaison has trashed direct for VW’s diesel cars given a U.S. Environmental Protection Agency suggested a dishonesty in September. The association sole only 887 diesel vehicles final month, down from some-more than 10,000 in July, as shown in this information gathered by Bloomberg Intelligence’s Brandon Barnes:
Environmental groups had prolonged suspected that emissions tests were underestimating the nitrogen oxide outlay of diesel engines. Volkswagen’s impropriety is expected to accelerate a disappearance of diesel powertrains in a automobile industry. It might also dive a disappearance of a inner explosion engine itself, as Toyota expands a efforts to build a infrastructure for its hydrogen cars while Elon