Joel Hills

Business Editor

Joel Hills is Business Editor for ITV News. He leads all business coverage and provides in-depth analysis of the latest business stories on the agenda, both in the UK and around the world.

  1. Joel Hills

The industry fallout from the VW scandal

It is a big scandal for Volkswagen, who are facing billions of pounds of fines and compensation.

The share price has crashed again - a fall of 18% for a second day in a row. That's not unusual, that's almost unheard of.

It's not just VW that this is affecting, it is also hitting the share prices of many other car manufacturers.

That's because of the suspicion that the cars that we drive do not bear much resemblance to the cars that pass these really tough emissions tests.

There have been calls for investigations in Italy, in Germany and in South Korea.

The Climate Change Committee estimate that there's a gap between official and real world co2 emissions of 35%.

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