http://money.cnn.com/2015/09/23/news/companies/volkswagen-emissions-crisis/index.html
Not surprisingly, the CEO resigned.
Not surprisingly, the CEO resigned.
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Feds: VW Cars Deceive Emissions Testers
- Thread starter thetrailboss
- Start date
Or was forced out at the insistence of the majority owners (at least according to NPR).
steamboat1
New member
ctenidae
Active member
Guess what the pop over ad on the article was...
I got microsoft, but I'm assuming you got a VW ad?
I think VW is going to have to buy back my car and give me a good discount on a new one. Hell there will probably be an oversupply of VWs over the next year anyway.
Sadly this might usher in the end of diesel for use in passenger cars. Even if other manufacturers haven't pulled the same hi-jinx this will scare most people away from them.
Vermont Law Firm files suit against VW for Vermont VW owners:
http://www.wcax.com/story/30100936/vt-law-firm-files-class-action-suit-against-volkswagen
http://www.wcax.com/story/30100936/vt-law-firm-files-class-action-suit-against-volkswagen
drjeff
Well-known member
I can just imagine the justification wording behind the class action suit.... You deceived my hipster self into thinking I was being cool by driving a diesel that was actually "clean" but instead you just let me get better mileage and saved me money all these years! :lol:
ctenidae
Active member
Looks like they're replacing him with Muller- Porsche gets to own VW after all!
andrec10
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I doubt it. It will hurt sales and profits for a year or two at most.
Just recently Toyota and GM covered up issues with their vehicles to avoid recalls and the dishonesty of those companies killed a lot of people.
Anyone hear any outrage still towards those car makers?
Consumers have very short memories and VW had a lot of loyal customers because of the way the cars drive. They're not boring like most American and Japanese brands, so the alternatives to that bad bad company are cars those customers won't like as much.
Just recently Toyota and GM covered up issues with their vehicles to avoid recalls and the dishonesty of those companies killed a lot of people.
Anyone hear any outrage still towards those car makers?
Consumers have very short memories and VW had a lot of loyal customers because of the way the cars drive. They're not boring like most American and Japanese brands, so the alternatives to that bad bad company are cars those customers won't like as much.
Funky_Catskills
Well-known member
Given the current Europe economy - I'd say they won't let them go under...
Too big and important of a company in Germany to wipe out. Germany will likely toss a lot of executives (the folks responsible for all this are based in Germany) in jail for a few years and VW will go on.
Agreed, they're not going anywhere, but they could be hurting for a little while.
This may be a good time to buy up some of their stock..
I'd wait on that, still a lot of unknowns that can knock the stock down even further,
marcski
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I imagine it is the best time to get an Awesome deal on some gas powered VW's. I'd lowball and bargain. Those showrooms must be empty right about now.
Now Utah.....
marcski
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The NY Times in this article says otherwise...:
http://www.nytimes.com/2015/09/29/u...d-volkswagens-deception-cause-in-us.html?_r=0
