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You are in Indirect – Manager Selection, Appointment and Monitoring » Outputs and outcomes
Volkswagen diesel emissions scandal
When the Volkswagen diesel emissions scandal came to light, CAAT engaged the investment manager to understand the severity of the situation and determine if the investment thesis was still valid.
Investment manager provided us with a full write up of their investment thesis on Volkswagen. Though they acknowledged the headwinds VW faces (diesel scandal, industry uncertainties over electric vehicles and autonomous driving), they believe the current share price was attractive and significantly below the intrinsic value of the company.