GPWizard F1 Forum
Everything Else => General Automotive => Topic started by: John S on September 21, 2015, 09:26:39 PM
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Fines in US could reach $18bn, but over twice as much if Europe acts. :o
Sounds like the F1 dream is well and truly over for Wolfsburg favourite sons, VW's fight for survival may dwarf any F1 minnow's dying throes. :D
http://www.bbc.co.uk/news/business-34311819
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2 things jump to mind...
I surely hope,this doesn't interfere with their purchase of RBR.
My car is on the list...crap. >:(
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I thought at first shares plunged 18% because they
decided to enter F1.I wondered had F1 sunk that low?
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As far as I've heard, this is a U.S. only problem. You should be in the clear, Scott.
I wonder how many people will respond to a recall saying, "Please bring your car in so that we can cut your mileage & performance."
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I just heard on BBC World Service that it is world wide. That's what I get for listening to American networks.
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I just heard on BBC World Service that it is world wide. That's what I get for listening to American networks.
It was the Americans who found the 'problem'. Thus, it was only a problem in the USA until everyone else verifies the issue legally. Each country has their own emission standards that VW has independently deceived
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Yeah I heard the Europe is next to start the recalls, this will cost them so much more than cash, customers will not buy another VW, but that could bleed into all the other marques
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Audi A3 diesel is also on list.
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Over here, it sounds (so far) like it's restricted to the 2009 and newer 2 liter four banger TDI.
I haven't heard many bad comments from people around here about VW. Many of the folks I've heard talk about it just want to know where they can get similar software for their vehicles. ;)
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What is really going to be interesting is when they insist we bring our cars in so they can turn down the engine management, how many of us (like me) will be on the internet the very next day buying a tuning chip to turn it back up and then some. That, or they can take my 2014 and give me a 2016/17 with a gas engine. I paid for the highest horsepower engine, at more than $10k extra (with the transmission that went with it) hike from the base model by the way, and I expect to have that engine I paid for, not something that can't keep up to the base model gas engine.
I am going to be very p*ssed off if I have to sacrifice performance or money for VW's crime.
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In the UK a lot of people bought vw's because of the low omissions, they were so low that no road tax was charged, if that is to be recalculated then a lot of people will be getting unexpected bills.
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What is really going to be interesting is when they insist we bring our cars in so they can turn down the engine management, how many of us (like me) will be on the internet the very next day buying a tuning chip to turn it back up and then some. That, or they can take my 2014 and give me a 2016/17 with a gas engine. I paid for the highest horsepower engine, at more than $10k extra (with the transmission that went with it) hike from the base model by the way, and I expect to have that engine I paid for, not something that can't keep up to the base model gas engine.
I am going to be very p*ssed off if I have to sacrifice performance or money for VW's crime.
Wasn't that what undid DeLorean? Paying the fines for under delivering on power? (Well, the cocaine smuggling didn't help matters.)
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Apparently the stock is down more than 40% now. I bet Horner is freaking out.
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The fines and possible lawsuits (someone in America will sue for deception, bet on it) are said to be high enough to possibly bankrupt VW. :o
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BMW has apparently had a model fail as badly under emission testing, and they are taking a hard look at Merc now in Europe. Getting to the 'too big to fail' point. Beat the heck out of them, but if the EU starts forcing the three big German auto makers to drastically shut down or cripple them with fines, then the economic fallout will be disastrous for Europe, not just Germany.
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I'm not that familiar with European law. I don't know if they could pull a GM. Declare bankruptcy, stick the creditors with the debt and declare themselves to be a "new" company.
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Their credit rating has been downgraded, some prince in Qatar (17%) is very miserable this week and the State of Saxony is on the hook for some 20% as well. Not sure which banks are their creditors, but as someone once said, if you owe the bank a million dollars and can't pay, you have a problem...if you owe the bank a billion dollars and can't pay, the bank has a problem...if VW owes the bank 50 billion dollars, the government has a problem.
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Be interesting to see the prices on used TDI´s as they have usually held their value well. Hmmm..might be a good time to look at the Golf TSI I´ve had my eye on.
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TSI's are fantastic. Get one before VW North America goes belly up.
Apparently the word is that in Switzerland they will give owners of VW TDI's a pass on emission testing.
Sorry, that doesn't work for me. I chose the engine configuration partly due to its' 'blue diesel' tech, and now I am learning it doesn't have that. Switzerland is fairly allergic to litigation, but I imagine when 180,000 TDI owners get together, there might be some sort of fix. VW had a net profit of $11billion last year. They are going to get sued by their shareholders anyway, but they are on the brink of losing an absolutely MASSIVE market share as well. For me there is only one satisfactory fix if I will ever buy another VW.
Either install a new TSI engine in my car, or tear up my lease and give me a new car and lease and take mine back for trade-in (in fairness, I would understand a small financial adjustment for depreciation as my car is 2 years old with 30,000km on it). At the moment the resale value is basically worthless.
Seriously, aside from firing the entire board, along with the chain of command that let this happen, the only way VW can redeem itself to customers and shareholders is to step up and fix this properly. It's going to cost an unprecedented amount of money, but they'll find it.
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Could involve 5 million cars worldwide.
http://www.worldcarfans.com/115092699460/vws-ceo-of-passenger-cars-says-we-are-working-at (http://www.worldcarfans.com/115092699460/vws-ceo-of-passenger-cars-says-we-are-working-at)
Switzerland has banned the sale of VW diesels.
http://www.worldcarfans.com/115092699452/switzerland-applies-sales-ban-on-select-vag-diesel (http://www.worldcarfans.com/115092699452/switzerland-applies-sales-ban-on-select-vag-diesel)
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The more I see into the matter, the more surprised I get about the balant act, outregous audacity of cheating their customers, ruining their brand value and destroying their goodwill. Did they have the delusions of getting away with this much discrepency?
In terms of an engineering point of view, its a sublime achievement, that a device which is that good that it took a total production of 5 millions of cars before they could find out the problem. One of the biggest market regulators were made a fool out of them, that their system could be cheated with a touch little genius. Obviously they are not going like it, they will come with heavy hand.
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Could involve 5 million cars worldwide.
http://www.worldcarfans.com/115092699460/vws-ceo-of-passenger-cars-says-we-are-working-at (http://www.worldcarfans.com/115092699460/vws-ceo-of-passenger-cars-says-we-are-working-at)
Switzerland has banned the sale of VW diesels.
http://www.worldcarfans.com/115092699452/switzerland-applies-sales-ban-on-select-vag-diesel (http://www.worldcarfans.com/115092699452/switzerland-applies-sales-ban-on-select-vag-diesel)
5m is deceptively low. Even at the bottom of the article, it indicates that the total is more like 11million cars worldwide including Audi, Skoda and Seat cars that are all under the VW Group umbrella and all use the VW TDI engine and electronics. And that's just VW group. Some rumours are suggesting that the defeat software is Bosch and that they have written it for more than just VW. An engineering friend of mine was saying that he guesses in two weeks we won't be talking much about VW.
Switzerland banning VW diesels has just made my car worthless. It's your move VW...I'm watching. I can tell you there is no way I will be allowed to drive the car with its current emissions in Switzerland for very long. There is a very powerful Green movement here. So the big question is how the fix will affect the car.
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It was a group of people at West Virginia University, about a three hour drive from here, who upset the apple cart.
http://www.npr.org/2015/09/24/443053672/how-a-little-lab-in-west-virginia-caught-volkswagens-big-cheat
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BMW may have a problem.
http://www.npr.org/sections/thetwo-way/2015/09/24/443078669/volkswagen-dieselgate-fallout-germany-tests-cars-new-report-sends-bmw-shares-dow (http://www.npr.org/sections/thetwo-way/2015/09/24/443078669/volkswagen-dieselgate-fallout-germany-tests-cars-new-report-sends-bmw-shares-dow)
Another story suggests this may actually be a problem with Bosch, making it much wider spread.
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I dare say Botch will only produce something it's been paid to do, this will stretch a long way, into more manufacturers. Let's hope it makes F1 say what's the point in going green it's all a con let's just get back to V8's and make some noise.
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BMW may have a problem.
http://www.npr.org/sections/thetwo-way/2015/09/24/443078669/volkswagen-dieselgate-fallout-germany-tests-cars-new-report-sends-bmw-shares-dow (http://www.npr.org/sections/thetwo-way/2015/09/24/443078669/volkswagen-dieselgate-fallout-germany-tests-cars-new-report-sends-bmw-shares-dow)
Another story suggests this may actually be a problem with Bosch, making it much wider spread.
lol, what Lonny, you don't read my posts anymore?
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BMW may have a problem.
http://www.npr.org/sections/thetwo-way/2015/09/24/443078669/volkswagen-dieselgate-fallout-germany-tests-cars-new-report-sends-bmw-shares-dow (http://www.npr.org/sections/thetwo-way/2015/09/24/443078669/volkswagen-dieselgate-fallout-germany-tests-cars-new-report-sends-bmw-shares-dow)
Another story suggests this may actually be a problem with Bosch, making it much wider spread.
lol, what Lonny, you don't read my posts anymore?
I read all your posts Scott, but at my age sometimes.....Wait, what was I just saying?