Any Porsche fallout from the VW fiasco?
09-24-2015, 05:43 PM
#76
Drifting
true, although there is at least one large assembly plant in the US. I'm not sure how the EPA fines are broken down.
My understanding is that this a software "switch" in the fuel/air/ignition timing inputs are adapted for cleaner running, so it should be a reflash, nothing more.
My understanding is that this a software "switch" in the fuel/air/ignition timing inputs are adapted for cleaner running, so it should be a reflash, nothing more.
09-24-2015, 05:43 PM
#77
Banned
09-24-2015, 05:48 PM
#78
Banned
I said PROBABLY not. It could lead to bankruptcy, but as you said, is Germany willing to backstop VW if necessary to keep it running, should that become necessary. A lot of people thought BP would be bankrupt after the Gulf oil spill, but they are still solvent, even with $40.00 oil.
09-24-2015, 05:49 PM
#79
Rennlist Member
Buy them now (other than the 2.0 TDI models), while you still can...
09-24-2015, 05:51 PM
#80
Rennlist Member
I think in the USA that could be the case. Diesel has always been more expensive here than in Germany. In Germany the Diesel was very cheap and so many people drive Diesel from all kinds of Car makers.
I never understood why they would charge more for Diesel here.
Take a look at all the cool Diesel Car / Trucks and SUV's you can ge in Europe.
09-24-2015, 05:51 PM
#81
Drifting
They still had to pay a 18.7 million dollar fine to US Government, plus all the costs associated with the clean-up. Not an insignificant amount for BP. I doubt very seriously this will sink VW.
09-24-2015, 06:08 PM
#83
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Who can tell me what happened to Ford, GM, Lexus, etc... All the companies that killed people by negligence and then fraudulently tried to cover up?
A few hundreds of millions of fines later and the companies are still here. Stronger than ever.
What happened to PG&E after San Bruno pipeline? A secondary share issue later, they are still a regional monopoly, milking people more than ever over "sustainable" energy and digital meters.
Just because some petty bureaucrats at the EPA are hurting to see their technocratic fantasies finally encountering reality does not mean that Angela Merkel is going to preside over Europe's number 1 car maker going down or moving to China.
VW will get legal protection against the EPA and class actions in exchange for Google being let off the hook in Europe. All the turds who have been cluelessly wondering why is their Diesel so stinky and so fuel efficient at the same time will get just enough money to pay their lawyers off, and maybe not even that.
Yes, sure, shareholders will take a big hit as usual (I mean those bureaucratic dimwits have been eating the rich ever since Marx wrote his masturbation manual), but believe me that no European factory is going to close down just to feed an indirect tax machine across the pond.
A few hundreds of millions of fines later and the companies are still here. Stronger than ever.
What happened to PG&E after San Bruno pipeline? A secondary share issue later, they are still a regional monopoly, milking people more than ever over "sustainable" energy and digital meters.
Just because some petty bureaucrats at the EPA are hurting to see their technocratic fantasies finally encountering reality does not mean that Angela Merkel is going to preside over Europe's number 1 car maker going down or moving to China.
VW will get legal protection against the EPA and class actions in exchange for Google being let off the hook in Europe. All the turds who have been cluelessly wondering why is their Diesel so stinky and so fuel efficient at the same time will get just enough money to pay their lawyers off, and maybe not even that.
Yes, sure, shareholders will take a big hit as usual (I mean those bureaucratic dimwits have been eating the rich ever since Marx wrote his masturbation manual), but believe me that no European factory is going to close down just to feed an indirect tax machine across the pond.
09-24-2015, 06:09 PM
#84
Bottom line is that you were deceived and are entitled to compensation.
09-24-2015, 06:24 PM
#85
I'm happy that you like the extra power, but you are now driving a car which fails US clean air standards. I don't know how this will go down, but unless you get a waiver, you will be compelled to spend $X to meet the standard when you take your car in for the emissions test. I believe the maximum is $500 in MD. Also, at some point in time a patch will be applied which will result in a significant reduction in gas mileage and power.
Bottom line is that you were deceived and are entitled to compensation.
Bottom line is that you were deceived and are entitled to compensation.
09-24-2015, 06:26 PM
#86
Banned
09-24-2015, 06:26 PM
#87
"So far Volkswagen has not been accused of deliberately programming its cars to fool European regulators."
Until they are accused, the 11 million number is a red herring, and the involvement of the EU nations is a moot point. Assuming no foul, there will be little harm outside of the US.
Different story in the US, however cutting into 6% of their global sales is not going to break them. And as stated by others, fines will not be levied to an extent it will bankrupt the company, either here or abroad. Nobody wants factories closing in TN and impacting numerous domestic suppliers with an election coming up...
Until they are accused, the 11 million number is a red herring, and the involvement of the EU nations is a moot point. Assuming no foul, there will be little harm outside of the US.
Different story in the US, however cutting into 6% of their global sales is not going to break them. And as stated by others, fines will not be levied to an extent it will bankrupt the company, either here or abroad. Nobody wants factories closing in TN and impacting numerous domestic suppliers with an election coming up...
So unless European clean air standards are significantly lower than the US, the removal of the deceptive software will likely mean that VW diesels will also fail European clean air standards. Since VW has reserved over $7B to fix the problem, I doubt that the problem is as insignificant as you may suggest. Moreover, since Germany is looking into the possibility of filing criminal charges, I doubt that they are taking this issue as lightly as your post suggests.
Finally, there will certainly be class action suits, and I guarantee you that the law firms initiating the suits, couldn't care less what impact their suits will have on the viability of VW.
09-24-2015, 06:28 PM
#88
Good perspective
Who can tell me what happened to Ford, GM, Lexus, etc... All the companies that killed people by negligence and then fraudulently tried to cover up?
A few hundreds of millions of fines later and the companies are still here. Stronger than ever.
What happened to PG&E after San Bruno pipeline? A secondary share issue later, they are still a regional monopoly, milking people more than ever over "sustainable" energy and digital meters.
Just because some petty bureaucrats at the EPA are hurting to see their technocratic fantasies finally encountering reality does not mean that Angela Merkel is going to preside over Europe's number 1 car maker going down or moving to China.
VW will get legal protection against the EPA and class actions in exchange for Google being let off the hook in Europe. All the turds who have been cluelessly wondering why is their Diesel so stinky and so fuel efficient at the same time will get just enough money to pay their lawyers off, and maybe not even that.
Yes, sure, shareholders will take a big hit as usual (I mean those bureaucratic dimwits have been eating the rich ever since Marx wrote his masturbation manual), but believe me that no European factory is going to close down just to feed an indirect tax machine across the pond.
A few hundreds of millions of fines later and the companies are still here. Stronger than ever.
What happened to PG&E after San Bruno pipeline? A secondary share issue later, they are still a regional monopoly, milking people more than ever over "sustainable" energy and digital meters.
Just because some petty bureaucrats at the EPA are hurting to see their technocratic fantasies finally encountering reality does not mean that Angela Merkel is going to preside over Europe's number 1 car maker going down or moving to China.
VW will get legal protection against the EPA and class actions in exchange for Google being let off the hook in Europe. All the turds who have been cluelessly wondering why is their Diesel so stinky and so fuel efficient at the same time will get just enough money to pay their lawyers off, and maybe not even that.
Yes, sure, shareholders will take a big hit as usual (I mean those bureaucratic dimwits have been eating the rich ever since Marx wrote his masturbation manual), but believe me that no European factory is going to close down just to feed an indirect tax machine across the pond.
09-24-2015, 06:30 PM
#89
Rennlist Member