Diesel Cayenne and VW emission issue
#4081
Burning Brakes
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I've felt from the beginning of the settlement that they would delay our fix as long as possible. There are many reasons to delay.
Curious does anyone remember, if they tell us Nov 1st, "OK we have an approved fix", does that mean they don't have to pay the $500 a month. I thought that was the case. Then if it is a many hour fix just think of the wait period to get it done.
It just seems to me that normal attrition of Cayennes on the road would be in their favor.
I guess we'll know soon enough when magically a fix appears or well if it doesn't. I'll be the first to admit I'm wrong.
Curious does anyone remember, if they tell us Nov 1st, "OK we have an approved fix", does that mean they don't have to pay the $500 a month. I thought that was the case. Then if it is a many hour fix just think of the wait period to get it done.
It just seems to me that normal attrition of Cayennes on the road would be in their favor.
I guess we'll know soon enough when magically a fix appears or well if it doesn't. I'll be the first to admit I'm wrong.
#4082
Rennlist Member
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But short of that, no... that's the purpose of a class action.
#4083
Rennlist Member
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Translation: may see a buy back.... this is hard
VW Takes New $2.9 Billion Hit From Diesel Scandal--Update
By Max Bernhard Published September 29, 2017 Features Dow Jones NewswiresVolkswagen AG warned Friday its third-quarter operating result would take a hit of around EUR2.5 billion ($2.94 billion), as the company continues to grapple with the fallout of the diesel emissions scandal that erupted two years ago.
The new costs stem from an increase in provisions for buyback and retrofitting programs of its 2.01 TDI vehicles in North America. Settlements surrounding that proved to be "far more technically complex and time consuming" than expected, Volkswagen said.
The car maker continues to reel from the scandal that came to light in September 2015, when it admitted some 11 million of its diesel vehicles world-wide were equipped with software that allowed them to sidestep emissions testing.
Volkswagen pleaded guilty to conspiracy to defraud the U.S. government in late 2016 and agreed to pay nearly $25 billion in fines, penalties and compensation, after it settled a number of civil lawsuits. Two Volkswagen employees have also faced charges in the U.S., with one sentenced to just over three years in prison.
In Germany, Volkswagen employees have also come under investigation. German police arrested Volkswagen's former engine chief Wolfgang Hatz in connection with the scandal, a person familiar with the situation told The Wall Street Journal on Thursday. Mr. Hatz oversaw engine development at the time Volkswagen engineers put together a plan to outfit some engines with the software that allowed them to dodge strict pollution restrictions.
Volkswagen is set to release third-quarter results on Oct. 27.
Write to Max Bernhard at Max.Bernhard@dowjones.com
(END) Dow Jones Newswires
September 29, 2017 04:55 ET (08:55 GMT)
#4085
Rennlist Member
#4086
Burning Brakes
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This . . .
"The new costs stem from an increase in provisions for buyback and retrofitting programs of its 2.01 TDI vehicles in North America. Settlements surrounding that proved to be "far more technically complex and time consuming" than expected, Volkswagen said."
. . . is very telling. It is why they cheated in the first place. If they can't even deal with the 2.0-side, how can they, at the same time, deal with the 3.0L fix?
It's either death by bullet-one time Gen2 buyback, or death by one thousand cuts in a modification that is as quoted, more technically complex and time consuming . . .
"The new costs stem from an increase in provisions for buyback and retrofitting programs of its 2.01 TDI vehicles in North America. Settlements surrounding that proved to be "far more technically complex and time consuming" than expected, Volkswagen said."
. . . is very telling. It is why they cheated in the first place. If they can't even deal with the 2.0-side, how can they, at the same time, deal with the 3.0L fix?
It's either death by bullet-one time Gen2 buyback, or death by one thousand cuts in a modification that is as quoted, more technically complex and time consuming . . .
#4087
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If they announce buy back, do it now. I would be on totally on board since it saves me 2 months of lease payments and hopefully I get the other $1,000 retribution money.
#4088
Rennlist Member
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This . . .
"The new costs stem from an increase in provisions for buyback and retrofitting programs of its 2.01 TDI vehicles in North America. Settlements surrounding that proved to be "far more technically complex and time consuming" than expected, Volkswagen said."
. . . is very telling. It is why they cheated in the first place. If they can't even deal with the 2.0-side, how can they, at the same time, deal with the 3.0L fix?
It's either death by bullet-one time Gen2 buyback, or death by one thousand cuts in a modification that is as quoted, more technically complex and time consuming . . .
"The new costs stem from an increase in provisions for buyback and retrofitting programs of its 2.01 TDI vehicles in North America. Settlements surrounding that proved to be "far more technically complex and time consuming" than expected, Volkswagen said."
. . . is very telling. It is why they cheated in the first place. If they can't even deal with the 2.0-side, how can they, at the same time, deal with the 3.0L fix?
It's either death by bullet-one time Gen2 buyback, or death by one thousand cuts in a modification that is as quoted, more technically complex and time consuming . . .
They've already accounted for the 3.0l costs in previous disclosures and this additional possible cost specifies ONLY the 2.0l engines with no reference to 3.0l costs.
That, to me, says they're somewhat confident that the amount they've forecast for the 3.0l program is on track.
Of course, this is for 3rd QTR results only, which is the quarter just ending, I presume (don't know their fiscal calendar) and is a look back, rather than forward projection.
Either way, I don't see anything in there that indicates, or even implies, anything about the 3.0l program.
#4089
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I find it telling, too, but for the opposite reason.
They've already accounted for the 3.0l costs in previous disclosures and this additional possible cost specifies ONLY the 2.0l engines with no reference to 3.0l costs.
That, to me, says they're somewhat confident that the amount they've forecast for the 3.0l program is on track.
Of course, this is for 3rd QTR results only, which is the quarter just ending, I presume (don't know their fiscal calendar) and is a look back, rather than forward projection.
Either way, I don't see anything in there that indicates, or even implies, anything about the 3.0l program.
They've already accounted for the 3.0l costs in previous disclosures and this additional possible cost specifies ONLY the 2.0l engines with no reference to 3.0l costs.
That, to me, says they're somewhat confident that the amount they've forecast for the 3.0l program is on track.
Of course, this is for 3rd QTR results only, which is the quarter just ending, I presume (don't know their fiscal calendar) and is a look back, rather than forward projection.
Either way, I don't see anything in there that indicates, or even implies, anything about the 3.0l program.
Or they haven’t even started on the 3.0L fix
#4090
Banned
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Hello all. Ever since meeting up with Chris (Spyrex) at a Buttonwillow event last year, I've had the itch for a "Do it all" Diesel. I've found a 14' diesel in the area that should have the trigger pulled this coming Monday, the 2nd. My question is how does this play for me (compensation, and warranty)? I've looked at the 3.0 Final Settlement documents and it looks like the Jan 2017 date was a cutoff for prior owners/leasee. What about afterward?
Update...I found the info at the specific VWcourtsettlement.com site. Its pretty clear on what's stated for the DEC31,19 cutoff and eligibility. Seems like a no brainer to pull the trigger regarding your extension $500 fixes.
Where the vehicle will be registered, there are no emission requirements. As such, I'm leaning toward not getting the vehicle fixed.
Thanks guys
Update...I found the info at the specific VWcourtsettlement.com site. Its pretty clear on what's stated for the DEC31,19 cutoff and eligibility. Seems like a no brainer to pull the trigger regarding your extension $500 fixes.
Where the vehicle will be registered, there are no emission requirements. As such, I'm leaning toward not getting the vehicle fixed.
Thanks guys
#4091
Rennlist Member
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If you're not getting it fixed, it means nothing for you in terms of compensation. That is, you won't get any. The previous owner probably already collected the 1st half and the 2nd half is contingent upon getting the fix (assuming it's approved).
Vehicle should already have had its warranty extended to 6 years/100K miles, so again, nothing for you to do there, either (except verify it, perhaps).
Vehicle should already have had its warranty extended to 6 years/100K miles, so again, nothing for you to do there, either (except verify it, perhaps).
#4092
Rennlist Member
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I find it telling, too, but for the opposite reason.
They've already accounted for the 3.0l costs in previous disclosures and this additional possible cost specifies ONLY the 2.0l engines with no reference to 3.0l costs.
That, to me, says they're somewhat confident that the amount they've forecast for the 3.0l program is on track.
Of course, this is for 3rd QTR results only, which is the quarter just ending, I presume (don't know their fiscal calendar) and is a look back, rather than forward projection.
Either way, I don't see anything in there that indicates, or even implies, anything about the 3.0l program.
They've already accounted for the 3.0l costs in previous disclosures and this additional possible cost specifies ONLY the 2.0l engines with no reference to 3.0l costs.
That, to me, says they're somewhat confident that the amount they've forecast for the 3.0l program is on track.
Of course, this is for 3rd QTR results only, which is the quarter just ending, I presume (don't know their fiscal calendar) and is a look back, rather than forward projection.
Either way, I don't see anything in there that indicates, or even implies, anything about the 3.0l program.
Funny comment from my financial analyst wife yesterday, who mentioned she heard the cost of Dieselgate is now close the $30billion. She said "how can any company stay in business with that penalty?"
#4094
Rennlist Member
#4095
RL Community Team
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