Volkswagen scandal may cost up to $87B

Credit Suisse estimates Volkswagen's emissions scandal could be far more painful for investors than BP's disastrous 2010 oil spill in the Gulf of Mexico.

It could cost the company $87 billion, more than 60 percent of the cost of the Deepwater Horizon spill.

While Volkswagen set aside 6.5 billion euros to deal with the fallout, that's 3.5 times lower than even the most conservative estimate from Credit Suisse.

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