Car-related topics are being watched today, from scandal fallout through luxury brands to the price of oil.
U.S. stock futures are edging higher, and global markets are firm.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Volkswagen crashing
Volkswagen (VLKAY) shares are plunging again, this time after the company said it had understated CO2 emissions and fuel usage for about 800,000 vehicles. It said most, but not all, of the cars affected have diesel engines. That news broke the day after VW disputed a claim by U.S. regulators that the diesel emissions scandal had spread to some Porsche Cayenne models.
Takata (TKTDY) shares closed down over 13% after Honda (HMC) announced it was dumping its longtime supplier over its deadly airbags. Takata is also facing fines of as much as $200 million in the U.S. over the exploding airbags.
Bucking the trend, Hyundai (HYMTF) closed higher in Korea after the car maker announced it is launching a global luxury brand called Genesis.