Motherson Sumi Falls 9% as Client Volkswagen Admits Fudging

Motherson Sumi shares fell as much as 9 per cent to hit an intraday low of Rs 258.75 after the auto component maker's biggest client Volkswagen admitted to fudging emission norms for diesel cars in the US. Volkswagen has stopped selling diesel cars in the US with immediate effect and the German carmaker can face a potential fine of $18 billion, according to a Reuters report that quoted the US Environmental Protection Agency.  Of Mo...