Everybody needs money. That's why they call it money.

From full global headquarters, this is Motley Fool Money.

It's the Motley Fool Money Radio Show. I'm Chris Hill joining me in studio this week for

Million Dollar Portfolio, Jason Moser and Matt Arger Singer and for Motley Fool Deep Value,

Ron Gross. Good to see you as always, gentlemen. We have got the latest earnings from Wall Street.

We will get to all the headlines in the auto industry with Joe White from Reuters and as always,

we'll give you an inside look at the stocks on our radar. But we will begin with the biggest news in the

auto industry this week. And that's Volkswagen. Shares down more than 25% and hitting a three-year low

after the company admitted it violated US emission standards by installing software on a

half-million diesel cars that enabled it to cheat on the emissions test. And in the process,

potentially exposing people to harmful pollutants at levels up to 40 times, yes, Matti.

40 times the acceptable standard. This is an evolving story. The fallout has continued throughout the

week, the CEO stepped down. Two board members have stepped down as an investor and we'll go around

the table on this. But as an investor, when you look at a situation like this, it's the biggest

automaker in the world. Stock down more than 25% is it a buying opportunity or are you waiting and see?

You've got to wait and see on this. Volkswagen is the biggest automaker in the world.

They've got wonderful brands, Volkswagen of course, Audi, Porsche, Lamborghini, which I didn't even know they owned.

Porsche, Porsche, sorry, Ron. But this makes me think about, I mean, I'm stunned by this.

I mean, it is, it's fraud on a pretty massive scale and made me think of N-RON Worldcom, Tyco, some of the other ones.

But it always comes down to this. There's a Charlie Munger quote, which I love. It is, I think I've been in the top 5% of my age cohort all my life

in understanding the power of incentives and all my life I've underestimated it and never year passes.

But I get some surprise that pushes my limit a little farther. Volkswagen pushes my limit a little farther.

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