VW what do you think

Rupert · 11-20-2015, 01:50 PM

Looks like it just got measurably worse.....
https://www.yahoo.com/autos/s/vw-emissions-issue-extends-additional-191432155.html

I don't know the numbers, but at some point VW may not be able to weather the storm? Anyone know how deep their pockets are?

I still can't believe this happened. How could they take such a gigantic risk? Reckon there are others out there that are sweating heavily?

Regards!

Parallax · 11-21-2015, 11:09 AM

Originally posted by Rupert

Reckon there are others out there that are sweating heavily?

I would guess yes.

Rupert · 11-21-2015, 11:14 AM

Originally posted by Parallax

I would guess yes.

There is probably a line on it in Vegas......and I bet the odds are good that you are right!

Regards!

**Just1MoreDave** · 11-21-2015, 12:40 PM

Originally posted by Rupert

Looks like it just got measurably worse.....
https://www.yahoo.com/autos/s/vw-emissions-issue-extends-additional-191432155.html

I don't know the numbers, but at some point VW may not be able to weather the storm? Anyone know how deep their pockets are?

I still can't believe this happened. How could they take such a gigantic risk? Reckon there are others out there that are sweating heavily?

Regards!

My impression is that VW is the German version of "too big to fail". They were in the running for biggest car maker worldwide. The European Union is even relying on VW corporate bonds as part of their "quantitative easing" program. I think it's like GM or Chrysler or Citibank, no one is willing to let them collapse if it's avoidable. The reorganization may be messy.

No one knows what the cost is yet because they haven't decided on a fix. My thought is that VW will choose to spend a lot of money on the fix and offer to buy back some cars too. That will help their reputation and minimize lawsuits. Then they will use the cost of the fix and "too big to fail" as an argument to minimize the government fines. In the US, that should work. They might have trouble in other parts of the world.

Coincidentally or not, VW was going to invest heavily in electric cars, using Audi as a Tesla competitor. You might see VW dropping diesels in favor of electrics. The EU might crack down on testing and chase everyone out of diesels too.

kadajawi · 11-26-2015, 02:46 PM

Renault got caught too. And I believe Opel before that.

Of course that's not big news anymore... VW had the misfortune to be the first to get caught. But there'll be more to come... I guess the only ones who didn't cheat were those who didn't know how to...

mohb · 11-26-2015, 03:02 PM

Originally posted by Rupert

How could they take such a gigantic risk

If the rewards are high enough...

Quote:

Banking giant Barclays has been fined £72m for failing to conduct proper checks on very rich clients because it did not want to inconvenience them.
The City regulator said Barclays arranged a deal worth £1.88bn for wealthy clients in 2011 and 2012 which it kept quiet.
It did not conduct the proper checks on clients who should have been considered politically high risk.

BBC news

The bank made a profit of £52 million

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11-20-2015, 01:50 PM	#151
Rupert Veteran Member Join Date: Sep 2006 Location: Texas Photos: Gallery \| Albums Posts: 25,123	Looks like it just got measurably worse..... https://www.yahoo.com/autos/s/vw-emissions-issue-extends-additional-191432155.html I don't know the numbers, but at some point VW may not be able to weather the storm? Anyone know how deep their pockets are? I still can't believe this happened. How could they take such a gigantic risk? Reckon there are others out there that are sweating heavily? Regards!

11-21-2015, 11:09 AM	#152
Parallax Senior Moderator Loyal Site Supporter Join Date: Apr 2008 Location: South Dakota Photos: Gallery Posts: 19,332	Originally posted by Rupert Reckon there are others out there that are sweating heavily? I would guess yes.

11-21-2015, 11:14 AM	#153
Rupert Veteran Member Join Date: Sep 2006 Location: Texas Photos: Gallery \| Albums Posts: 25,123	Originally posted by Parallax I would guess yes. There is probably a line on it in Vegas......and I bet the odds are good that you are right! Regards!

11-21-2015, 12:40 PM	#154
Just1MoreDave Site Supporter Join Date: Feb 2007 Location: Aurora, CO Photos: Gallery \| Albums Posts: 6,340	Originally posted by Rupert Looks like it just got measurably worse..... https://www.yahoo.com/autos/s/vw-emissions-issue-extends-additional-191432155.html I don't know the numbers, but at some point VW may not be able to weather the storm? Anyone know how deep their pockets are? I still can't believe this happened. How could they take such a gigantic risk? Reckon there are others out there that are sweating heavily? Regards! My impression is that VW is the German version of "too big to fail". They were in the running for biggest car maker worldwide. The European Union is even relying on VW corporate bonds as part of their "quantitative easing" program. I think it's like GM or Chrysler or Citibank, no one is willing to let them collapse if it's avoidable. The reorganization may be messy. No one knows what the cost is yet because they haven't decided on a fix. My thought is that VW will choose to spend a lot of money on the fix and offer to buy back some cars too. That will help their reputation and minimize lawsuits. Then they will use the cost of the fix and "too big to fail" as an argument to minimize the government fines. In the US, that should work. They might have trouble in other parts of the world. Coincidentally or not, VW was going to invest heavily in electric cars, using Audi as a Tesla competitor. You might see VW dropping diesels in favor of electrics. The EU might crack down on testing and chase everyone out of diesels too.

11-26-2015, 02:46 PM	#155
kadajawi Veteran Member Join Date: Sep 2010 Posts: 2,799	Renault got caught too. And I believe Opel before that. Of course that's not big news anymore... VW had the misfortune to be the first to get caught. But there'll be more to come... I guess the only ones who didn't cheat were those who didn't know how to...

11-26-2015, 03:02 PM	#156
mohb Veteran Member Join Date: Feb 2010 Photos: Albums Posts: 1,912	Originally posted by Rupert How could they take such a gigantic risk If the rewards are high enough... Quote: Banking giant Barclays has been fined £72m for failing to conduct proper checks on very rich clients because it did not want to inconvenience them. The City regulator said Barclays arranged a deal worth £1.88bn for wealthy clients in 2011 and 2012 which it kept quiet. It did not conduct the proper checks on clients who should have been considered politically high risk. BBC news The bank made a profit of £52 million