Seems like they set aside 6 or 7 billion? to correct this and their stock also tanked. Probably a good time to buy it.
Not sure I agree with that, from the story I just read (would have linked if I still had it up) there might be 11 million vehicles affected worldwide. If the US cracks down on the fines, that could amount to 18 billion dollars. That amount doesn't include cost for recall and any lawsuits/settlements to current owners.
I am not saying that VW won't bounce back, but this might not be rock bottom for them.