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Emissions Cheating Found by Curious Clean-Air Group
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VWs market value dropped about 15 BILLION dollars in one trading session!
By the time all this is over (fines/making vehicles meet EPA standards) it's expected to cost VW almost 20 billion! Then they have the "bad image" reduced sales to deal with. |
Much more than 20 bil, me thinks. It is 15 billion loss in value and up to 18 billion fines. Next question is what are they going to do with the affected cars. If they have to retrofit urea injection this could cost a lot, and probably will never work right. And the class law suits have already started. As someone said already on another forum this may be too much for VW to swallow.
I really cannot understand why someone in his right mind will want to save $1-2 k on a car when the potential fine is 20 times that. ANd doing that for 6 years too :dunno: |
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I hope someone goes to jail
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If that's the case, any software fix WITHOUT the addition of urea injection will result in serious power reduction.
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Yea, they have been sending people recalls trying to get this software bs thing wiped out, but lot of people have tunes already. VW is telling them it will wipe the entire computer. Funny how last week 7 valuation houses were giving VW a must buy rating. Now they are nearly -30% this week. Still recommending a buy at under $100. VW was posed to be the biggest global automaker. Curious how much rape they are about to receive globally. They are down 20% in franfurt too.. Joint investigations are pegging the number of affected vehicles at 11 million. |
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