As far as the US is concerned, you're going to see a fine similar to what GM paid for the Cadillac scandal. Nobody died...just fudged numbers.
The hit in net worth taught VW more of a lesson than any fine the EPA or US gov would.
As far as the US is concerned, you're going to see a fine similar to what GM paid for the Cadillac scandal. Nobody died...just fudged numbers.
The hit in net worth taught VW more of a lesson than any fine the EPA or US gov would.
The hit that VW took in the market will not last for ever. Look at BP after the spill in the Golf of Mexico. Buy VW shares, they are a good deal right now.
The hit that VW took in the market will not last for ever. Look at BP after the spill in the Golf of Mexico. Buy VW shares, they are a good deal right now.
Another interesting sideline to this whole scandal is the effect of the VW software changes on fuel economy. To anyone who has researched the TDIs, it was apparent that their fuel economy was much better than the official EPA estimates. I track my gas mileage through the fuelly.com website, which is used by thousands of VW owners. The reported fuel economies by TDI owners has been consistently higher than EPA ratings for many years. Often times, the opposite is true -- that is, car owners have trouble reaching the EPA estimates unless they drive like grannies. However, almost all TDI owners reported mileages better than expected. Another bit of evidence that VW was gaming the system.
BTW, my Golf 2.5 with the gasoline engine struggles to meet the EPA mpg ratings.
Volkswagen: CEO Martin Winterkorn Announces Resignation Amid US Emissions Scandal
"Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group," he said in a statement, adding he was not aware of wrongdoing, but accepted responsibility for it.
Volkswagen: CEO Martin Winterkorn Announces Resignation Amid US Emissions Scandal
"Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group," he said in a statement, adding he was not aware of wrongdoing, but accepted responsibility for it.
Sounds like a good guy to me. Think the most damaging thing about this is the negative press. But thats ok cause once its out of the news everyone will forget this ever happened.
In other news, VLKAY stock price is going back up today. 2 major days of loses is hopfully the last of it.
As far as the US is concerned, you're going to see a fine similar to what GM paid for the Cadillac scandal. Nobody died...just fudged numbers.
The hit in net worth taught VW more of a lesson than any fine the EPA or US gov would.
Volkswagen: CEO Martin Winterkorn Announces Resignation Amid US Emissions Scandal
"Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group," he said in a statement, adding he was not aware of wrongdoing, but accepted responsibility for it.
Also, fuck climate change denialism in particular. 68% of the Republican party believes it is happening. The pope believes humans contribute to climate change. 11 Republican congressman have signed a letter vowing to take action to stop climate change. Among Democrats and Independents it's not even worth mentioning where they stand
Also, fuck climate change denialism in particular. 68% of the Republican party believes it is happening. The pope believes humans contribute to climate change. 11 Republican congressman have signed a letter vowing to take action to stop climate change. Among Democrats and Independents it's not even worth mentioning where they stand
He made $15 million a year since 2007, and his contract expired Friday. The board of directors was having a meeting tonight to discuss his future. He saved them a few hours of discussion time.