|
TightEnd
|
 |
« on: September 22, 2015, 12:49:59 PM » |
|
Volkswagen says 11 million vehicles worldwide are affected by the scandal that has erupted over its rigging of US car emissions tests. It said it was setting aside €6.5bn (£4.7bn) to cover costs of the scandal. VW added this would pay for "necessary service measures and other efforts to win back the trust of our customers". The boss of Volkswagen's US business, Michael Horn, has admitted it "totally screwed up" in using software to rig emissions tests. VW shares were down more than 20% on Tuesday in Frankfurt. http://www.bbc.co.uk/news/business-34325005ouch. |
|
|
|
|
Logged
|
My eyes are open wide
By the way,I made it through the day
I watch the world outside
By the way, I'm leaving out today
|
|
|
|
tikay
|
|
« Reply #1 on: September 22, 2015, 12:52:12 PM » |
|
Amazing story - it was said that the fine could be as high as $18 billion.
Very surprised it happened, most unlike them to mis-step so badly.
|
|
|
|
|
Logged
|
All details of the 2016 Vegas Staking Adventure can be found via this link - http://bit.ly/1pdQZDY (copyright Anthony James Kendall, 2016). |
|
|
|
Graham C
|
|
« Reply #2 on: September 22, 2015, 01:03:54 PM » |
|
Heard about it on the way home last night, what a balls up. $18bn!! wow.
|
|
|
|
|
Logged
|
|
|
|
|
bobAlike
|
|
« Reply #3 on: September 22, 2015, 01:12:51 PM » |
|
I would be very surprised if other manufacturers don't do the same.
|
|
|
|
|
Logged
|
Ah! The element of surprise
|
|
|
|
Graham C
|
|
« Reply #4 on: September 22, 2015, 01:14:11 PM » |
|
What happens to the fine money? Will it go towards the US economy?
|
|
|
|
|
Logged
|
|
|
|
|
doubleup
|
|
« Reply #5 on: September 22, 2015, 01:23:10 PM » |
|
What happens to the fine money? Will it go towards the US economy?
Why would you think otherwise? The countries where they sold the other 10.5m cars will get their chance to feed on the carcass in due course. I wonder if VW had some sort of insurance? |
|
|
|
|
Logged
|
|
|
|
|
doubleup
|
|
« Reply #6 on: September 22, 2015, 04:09:25 PM » |
|
|
|
|
|
|
Logged
|
|
|
|
|
iangascoigne
|
|
« Reply #7 on: September 22, 2015, 04:17:47 PM » |
|
This is a truly remarkable story and a corporate failure of epic proportions. It's going to cost a lot more than VW have suggested once those American lawyers get their teeth into it.
|
|
|
|
|
Logged
|
Father of Ed and Alice, grandfather to Toby. That is enough for anyone. Twitter @IanGas
|
|
|
|
TightEnd
|
|
« Reply #8 on: September 22, 2015, 04:24:46 PM » |
|
i didn't realise VW own Wolfsburg too
3rd in the bundesliga and in the champions league
suggestion VW could do a ch11/bankruptcy which would have enormous knock ons for the various entities owned by VW
|
|
|
|
|
Logged
|
My eyes are open wide
By the way,I made it through the day
I watch the world outside
By the way, I'm leaving out today
|
|
|
|
byronkincaid
|
|
« Reply #9 on: September 22, 2015, 06:20:11 PM » |
|
Almost certainly not just VW doing this. If it turns out your car is affected you may have the choice of having it recalled where they remap it to hit the correct emissions but you lose 20 bhp and 10 mpg because of it. Or if you say no thanks I'll keep it as it is, your car tax goes up because the true emissions will put you in a higher band. Talk of ECUs on UK cars knowing when they are being tested for an MOT, bonnet up revs kept in a certain range for a certain amount of time etc.
|
|
|
|
|
Logged
|
|
|
|
|
Oxford_HRV
|
|
« Reply #10 on: September 23, 2015, 10:33:28 AM » |
|
Volkswagen currently going through the emission scandal. They were cheating the figures coming from their diesel cars and shares have dropped 20% for the biggest manufacturer of cars in Europe!? they have to recall 11 million cars and have set aside over €5bn to resolve the issue. Prior to this i'm sure they were in small discussions to purchase redbull? or was this all a decoy as they knew what was coming!? aaaanyway.. #value??? Discuss! http://www.theguardian.com/business/live/2015/sep/22/alexis-tsipras-forms-greek-cabinet-vw-emissions-business-live~Just seen tightys thread in the lounge -_- ha |
|
|
|
|
Logged
|
To win at poker is to not have to play
|
|
|
|
RED-DOG
|
|
« Reply #11 on: September 23, 2015, 02:58:51 PM » |
|
I want to know why Audi have been dragged into this.
|
|
|
|
|
Logged
|
The older I get, the better I was.
|
|
|
|
Nakor
|
|
« Reply #12 on: September 23, 2015, 03:01:10 PM » |
|
I want to know why Audi have been dragged into this.
They are just another VW Brand. |
|
|
|
|
Logged
|
Shit post Nakor, such a clown.
What do you get when you cross a joke with a rhetorical question? |
|
|
|
RED-DOG
|
|
« Reply #13 on: September 23, 2015, 03:06:18 PM » |
|
I want to know why Audi have been dragged into this.
They are just another VW Brand. Schweinhund! |
|
|
|
|
Logged
|
The older I get, the better I was.
|
|
|
|
StuartHopkin
|
|
« Reply #14 on: September 23, 2015, 06:13:50 PM » |
|
Almost certainly not just VW doing this. If it turns out your car is affected you may have the choice of having it recalled where they remap it to hit the correct emissions but you lose 20 bhp and 10 mpg because of it. Or if you say no thanks I'll keep it as it is, your car tax goes up because the true emissions will put you in a higher band. Talk of ECUs on UK cars knowing when they are being tested for an MOT, bonnet up revs kept in a certain range for a certain amount of time etc.
Ha ha! If I lose another 10mpg I will be into single digits! |
|
|
|
|
Logged
|
|
|
|
|
Author