It's gonna be more than just the feds standing in line to take a swing at the jewels. States like California are gonna be sporting their steel-toed boots.Lol at people thinking the US government is gonna go VW is too big to fail. You realize that in the US the size of a company is determined by the size of its political contributions, right?
VW aint gonna have many friends in america when it comes to this. They absolutely are going to take a gigantic kick to the balls.
There are a awful lot of southern Europeans who want to inflict economic pain on Germany as well.It's gonna be more than just the feds standing in line to take a swing at the jewels. States like California are gonna be sporting their steel-toed boots.
VW is now in mortal danger, but its not the only one - TelegraphThere is a good chance that the scandal could even wreak damage to the long-running negotiations between the European Union and the US on the Transatlantic Trade and Investment Partnership (TTIP). This bilateral agreement aims to create a US-EU free trade area by eliminating tariffs and, this is the key point, fostering regulatory compatibility in nine sectors, of which cars is one of the most important.
The talks have been hugely controversial across the political spectrum. Many dislike the potential introduction of so-called Investor-State Dispute Settlements, which theoretically allow companies to sue governments if their profits are hurt by policies. This, it has been argued by campaigners, places the rights of corporations above those of sovereign nations.
Others argue that "regulatory harmonisation" could lead to a reduction in labour standards and trade union rights, which tend to be stronger in Europe than in the US. This is a particular bugbear in Germany, where companies and unions enjoy amicable and co-operative relations. Up until now politicians have been able to argue that the trade agreement will be a net positive because it could further open the vast US market to German exports. And the main items that they're hoping to ship across the Atlantic? Why, cars, of course.
The chairman of the European Parliament's trade committee and one of the main TTIP negotiators on the European side is a German MEP called Bernd Lange. It just so happens that the Social Democrat represents Lower Saxony, home to VW's Wolfsburg headquarters, the largest car plant in the world.
The European car industry has been one of the most vocal advocates for TTIP. But, now it looks like selling German cars in the US will be somewhat tougher, there may soon come a point when the potential positives of TTIP no longer outweigh the potential negatives - especially for the average German car worker, Herr Lange's constituents.
That's pretty much what they have to do if they want to keep up their reputation. That and find out who is truly responsible and crucify them.VW could pass auto peers in payout hall of shame | Considered View | Breakingviews
The article claim that VW as 21 billions euro in net cash with more coming form planned divestments.
there are rumor that they might give 2 options to current owner. Take the software update, accept that your car will perform less but will give a you a big compensation or you return your old car and they will gives you a huge rebate on a new one.
I would personally take the second option. My coworker own a 2010 TDI and she would happily switch for a new one.
Many companies have done this in the past though, not just VW.He already resigned and or got fired a few days ago. The manager of VW is now the manager of Porsche.
The chip is manufactured by Bosch. From what I can ready there are no crazy algorithm that know when to cheat or not. The car's normal mode does whatever it does but when they put the car into test mode the emission/HP are reduced.
That make me think about it. VW as been known to underrate their engine for a while now.
The GTI is rated 210 HP and it get 261 on a dyno and the TDI get similar results.
Dyno run hints VW GTI power might be significantly underrated
Could it be related? We always wondered why they underrated their own engine so much. Could it be that when they do their own test they also put in in that test mode. The GTI is 210 HP and when people does their own dyno test they don't use that mode and suddenly the car is more powerful than what it is announced.
The issue here is about what the diesel emit but could they run the same basic software?
I'm no car specialist but I wonder if it could be related.
* sorry for error english isn't my main language.
They just now did it, and from what I read, that's only to deal with recalls/repairs. It is not for fines or lawsuits, because at this point they have no way of even guessing at how big the bill for that is going to be.It will certainly take them 5 years to even remotely recover from this. That they admitted to setting aside $7BN just to deal with fallout from this issue also might fuck them. Although its unclear if that article meant they just now did it, or had done it some time ago.