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The Economist.

From The Economist in London, this is Money Talks, a weekly conversation around themes in the worlds of

business finance and economics I'm Stan Pinal the banking editor this week we look at

the fallout from corporate blow-ups every once in a while a company will screw up in a way so epic

that its very existence is called into question. Gigantic fines and shattered corporate reputations

ensue. That happened this week with Volkswagen, the German carmaker that confessed

to cheating on emissions tests in America. We'll start by having a look at Volkswagen's troubles

with Simon Wright, our industry editor, and then Ed McBride

will help us have a broader look at how firms deal with such disasters, as finance editor he has

seen a few of them.

Simon, let's start with you.

What happened exactly with Volkswagen?

What has happened?

The cars are tested in America on a cycle

to check for emissions and indeed fuel efficiency and emissions of carbon dioxide.

...