vw emissions scandal
The automaker already agreed to pay $15.3 billion over its emissions scandal.
We have been promoting technologies which may be incompatible with clean air. It's not the first time we've made this mistake. Biofuels were promoted widely a decade ago. Now we see that corn ethanol is far from being carbon neutral if coal fuels its manufacturing processes.
This affair has not only caused Germany's greatest industry to falter -- it has also tarnished the image of our economy. Reliability, credibility -- once the core attributes of our automotive industry -- seem implausible in the backdrop of this scandal.