Considering that Volkswagen currently dominates a quarter of the European passenger car market, Magna's sales from the region could take a substantial hit. What's worrisome is that Magna already downgraded its production sales outlook from Europe during its last earnings release, projecting to generate US$6.8-7.2 billion in sales for the year versus its earlier projection of US$8.8 billion in sales. While much of the revised outlook came on the back of currency headwinds, the Volkswagen issue is a double whammy. AutoCanada Inc. ( TSX:ACQ ) This automobile dealerships company must be stuck with hundreds of Volkswagen cars that suddenly have no takers. A deeper look into AutoCanada's financials reveals that it currently operates six Volkswagen dealerships in Canada, or 12% of its total dealership count in the nation. More notably, one of AutoCanada's key growth projects in progress is the setting up of a new 45,000 square feet Volkswagen dealership at Sherwood Park, Alberta.