Volkswagen

Volkswagen shares trade at about nine times the 2002 estimated earnings, compared to BMW's 19 and are the second cheapest in the sector. | A disastrous capital hike, an expensive foray into truck business and uncertainty about the reason for a share buyback has in recent years left investors bewildered. | The main problem with Volkswagen is the past. | Despite posting healthy profits, Volkswagen shares trade at a discount to peers due to bad reputation among investors. | Many investors have been disappointed and frightened away.