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Nearly a week after Volkswagen AG’s emissions-rigging scandal first came to light, the German automaker appears to be infecting everything its brand touches, including several Canadian companies.

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The resignation of CEO Martin Winterkorn is not enough to save the besieged company, writes James Quinn, as the emissions-cheating scandal deepens

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Shares in Canada’s three biggest auto suppliers, as well as a major dealership group, tumbled Thursday before recovering somewhat amid fears of collateral damage from Volkswagen’s disgrace.

Magna International Inc., Canada’s biggest auto-parts maker, saw its shares fall as much as six per cent before closing up one per cent at $62.48. Magna’s shares have lost 5.12 per cent since the beginning of the week.

Similarly, Canadian auto suppliers Linamar Corp. and Martinrea International Inc. have seen four-day stock declines of 2.45 per cent and 7.2 per cent, respectively.