Teo Lasarte

The American depositary receipts (ADRs) of German automotive giant Volkswagen AG (ADR) (OTC: VLKAY) are down more than 3 percent at this writing Friday and have touched a new 52-week low. Volkswagen ADRs have plunged 36.5 percent over the past month following an emissions scandal and reports of...

Volkswagen AG (ADR) (OTC: VLKAY) faces a number of risks that are hard to quantify at this time. For one, VW Financial Services’ balance sheet could take a massive hit. Bank of America has initiated Underweight ratings on Volkswagen’s corporate bonds. Analyst Teo Lasarte still...