Volkswagen diesel scandal
09-22-15, 12:03 PM
#91
Lexus Champion
Hyundai lied about mileage but at least their engines didn't have to be modified, the car you bought still performs exactly the same albeit with lower efficiency than what buyers were told. And it meets all emissions standards.
VW marketed the diesel specifically as clean and more efficient than a gas engine.
VW marketed the diesel specifically as clean and more efficient than a gas engine.
09-22-15, 12:04 PM
#92
yes, this is from VW PR... they say 11 million cars affected, but it is not clear if those cars need to all meet standards similar to EPA (i think they dont).
In any case, VW has now set aside 7.3$ billion for handling this and also said that this might rise in the future.
In any case, VW has now set aside 7.3$ billion for handling this and also said that this might rise in the future.
09-22-15, 12:05 PM
#93
Hyundai lied about mileage but at least their engines didn't have to be modified, the car you bought still performs exactly the same albeit with lower efficiency than what buyers were told. And it meets all emissions standards.
VW marketed the diesel specifically as clean and more efficient than a gas engine.
VW marketed the diesel specifically as clean and more efficient than a gas engine.
09-22-15, 12:08 PM
#94
VW did license a few SCR related patents from Daimler but it didn't want to use SCR for reasons unknown, one is that it needs a consumable(DEF) and it takes up underhood/undercar space. VW instead used NOx adsorption catalysts with a heavy dose of EGR. Navistar also went this route with their truck/school bus engines but got in trouble with CARB while Cummins, PACCAR, Volvo and Detroit Diesel(who is owned by Daimler) went with SCR.
09-22-15, 12:09 PM
#95
Lexus Champion
7.3$ billion, at minimum. So who at VW costed the whole thing out and decided cheating on the test was better than putting in the tech to make the engines actually run clean. Seems to me the risk/reward ratio is atrocious.
09-22-15, 12:16 PM
#97
Lexus Champion
Thread Starter
Same bean counter who costed out the Pinto fuel tank design (or his son/daughter/grandson/granddaughter)?
The millions$/billions$ saved (or made, by being able to sell 25% more cars) could pay for the negative fallout later when it is discovered?
09-22-15, 01:27 PM
#100
Lexus Test Driver
Avec des ci est des mais, on mettrai Paris en bouteille. (with ifs and buts, we could put Paris in a bottle).
09-22-15, 01:30 PM
#101
Lexus Champion
VW is going to offer some financial assistance to dealers here in the US:
http://blog.caranddriver.com/volkswa...sions-scandal/
Also, Winterkorn offered up a video and apparently is not stepping down.
http://blog.caranddriver.com/vw-chai...stepping-down/
While the firestorm engulfing Volkswagen over its diesel-engine emissions-test cheating will undoubtedly reverberate throughout the automaker’s headquarters in Wolfsburg, Germany, the crisis is also impacting the U.S. dealer network. So far, with only the U.S. and, now, Canada forcing a stop-sale of current VW products equipped with the 2.o-liter diesel four-cylinder engines—and no fines, court settlements, and other payouts yet, it’s the dealers who are being hit the hardest by this scandal. Which is why, as uncovered by Automotive News, VW has laid the groundwork for financial assistance to American dealers to help them weather the storm.
Also, Winterkorn offered up a video and apparently is not stepping down.
Volkswagen Group chairman Martin Winterkorn has released a video statement in response to the emissions-cheating scandal involving the company’s 2.0-liter TDI diesel engines, and although he once again apologized for any wrongdoing, he did not offer his resignation.
09-22-15, 02:31 PM
#102
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VW just stopped the free fall by announcing the $8B set aside for settlements. Should have shorted it yesterday, and catch it back on the way up as a long for the next year or so. Would have resulted in a net 50% / year gain. Anyway, should have, would have, could have.... as an old French proverb said:
Avec des ci est des mais, on mettrai Paris en bouteille. (with ifs and buts, we could put Paris in a bottle).
Avec des ci est des mais, on mettrai Paris en bouteille. (with ifs and buts, we could put Paris in a bottle).
JTMav
09-22-15, 03:43 PM
#103
Lexus Test Driver
Stock is very hard to short, difficult to borrow the shares. There was a horrendous short squeeze awhile ago during the acquisition of the balance of Porsche shares VW didn't already own. Not sure this will be a v shaped bottom, but I am sure $8 billion wont be near enough. This story will have legs, I was shocked how soon the CEO came out and admitted they were guilty of this.
JTMav
JTMav
09-22-15, 04:00 PM
#104
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Which luxury brands will benefit from the defection of former and would-have-been Audi owners? Many who picked the Audis for performance will likely stick with the Germans (BMW,MB), although Lexus hybrids may get some of the environmentally-conscious types who bought Audi diesels thinking they were "environmentally correct". Lexus may just get enough of the defectors for it to win the sales crown as top selling luxury car brand in the US for 2015 or maybe 2016. Acura will likely move up to 4th place (currently occupied by Audi).
09-22-15, 04:41 PM
#105
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There are two major questions here:
1. Is there anybody who knows how they found this out ? I mean they had this cheat for years and suddenly out of nowhere this came up. Insider ?
2. Did VW really think that this never ever would be found by anybody ? If that the case, they must had a very high trust in how this program was hidden in the ECU. But then again, everybody knows that there is no such thing as an unhackable computer.
1. Is there anybody who knows how they found this out ? I mean they had this cheat for years and suddenly out of nowhere this came up. Insider ?
2. Did VW really think that this never ever would be found by anybody ? If that the case, they must had a very high trust in how this program was hidden in the ECU. But then again, everybody knows that there is no such thing as an unhackable computer.