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Volkswagen shares are plunging

Ben Moshinsky   

Volkswagen shares are plunging
Finance1 min read

Share traders are in for a busy day, there's lots of action as markets open on Wedensday.

Volkswagen stock crashed almost 10% after the company revealed another problem with its emissions on Tuesday evening. The company said it identified "irregularities in CO2 levels" with as many as 800,000 vehicles be affected across the entire group.

Here's what that did to shares:

VW Nov 4

Investing

Meanwhile, Glencore, the troubled commodities trading and mining giant, said it was on track to beat debt reduction targets, after paying down almost $2 billion in bonds and buying back a further $400 million in debt from creditors.

The stock jumped nearly 7% on the news:

Glencore Nov 4

Investing

Here's the European markets scoreboard as of 08:25 a.m. UK time:

UK's FTSE 100: +0.67%

Germany's DAX: -0.33%

France's CAC: +0.36%

Spain's IBEX: +0.90%

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