Author Topic: VW in meltdown  (Read 6620 times)

Offline jv

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VW in meltdown
« on: 22 September 2015, 11:44 »
Just a small bit of news:

http://uk.reuters.com/article/2015/09/22/uk-usa-volkswagen-idUKKCN0RL0JX20150922

20% price collapse yesterday, sitting at another 20% today. Potential $18bn US fine, plus costs of correcting all this cheating.

https://uk.finance.yahoo.com/news/volkswagen-faces-probes-pollution-cheating-093031485.html

https://uk.finance.yahoo.com/news/vw-exec-admits-totally-screwed-073950488.html

Seen any cheap GTD lease deals?
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Offline jv

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Re: VW in meltdown
« Reply #1 on: 23 September 2015, 10:46 »
Cracking comment from the bbc:

Quote
Cars and the environment - two things that Germany cares so deeply about that they form part of the national character.

So Germans are shocked to discover that for years the country's mightiest car manufacturer Volkswagen has been rigging environmental tests for diesel emissions in the US.

It's as if the British suddenly found out that the Queen had a hand in fixing the horse races at Ascot.

One German newspaper has called it the "most expensive act of stupidity in the history of the car industry".

http://www.bbc.com/news/business-34332452
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Offline jv

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Re: VW in meltdown
« Reply #2 on: 23 September 2015, 16:57 »
CEO gone:

Quote
Wolfsburg, 23. September 2015 – “I am shocked by the events of the past few days. Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group.

As CEO I accept responsibility for the irregularities that have been found in diesel engines and have therefore requested the Supervisory Board to agree on terminating my function as CEO of the Volkswagen Group. I am doing this in the interests of the company even though I am not aware of any wrong doing on my part.

Volkswagen needs a fresh start – also in terms of personnel. I am clearing the way for this fresh start with my resignation.

I have always been driven by my desire to serve this company, especially our customers and employees. Volkswagen has been, is and will always be my life.

The process of clarification and transparency must continue. This is the only way to win back trust. I am convinced that the Volkswagen Group and its team will overcome this grave crisis.”
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VW BUSH

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Re: VW in meltdown
« Reply #3 on: 23 September 2015, 18:45 »
Wonder how this will affect mapping checks for MOTs if at all.
Extra regulations are normally applied in this sort of situation

Offline Wayne

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Re: VW in meltdown
« Reply #4 on: 26 September 2015, 14:43 »
I don't think it is just VW, will be interesting to see how it all pans out.

Offline jv

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Re: VW in meltdown
« Reply #5 on: 30 September 2015, 11:01 »
Quote
VOLKSWAGEN AG ANNOUNCES ACTION PLAN TO MODIFY DIESEL VEHICLES WITH EA 189 EU5 ENGINES

  • New vehicles with EU6 engines currently available not affected
  • Technical solutions being developed and will be presented to responsible authorities before end of October
Wolfsburg, September 29, 2015 – Volkswagen AG is announcing its action plan to correct the emissions characteristics of diesel vehicles.

In a first step, the customers affected will be informed that the emissions characteristics of their vehicles will be corrected in the near future. All vehicles are technically safe and roadworthy.

Under the action plan, Volkswagen and the other Group brands whose vehicles are affected will present the technical solutions and measures to the responsible authorities in October.

Customers with these vehicles will be kept informed over the coming weeks and months. All of the Group brands affected will set up national websites to update customers on developments.

An internal evaluation on Friday established that a service procedure is required for some five million vehicles from the Volkswagen Passenger Cars brand out of a total eleven million Group vehicles worldwide. These vehicles from certain models and model years (such as the sixth generation Volkswagen Golf, the seventh generation Volkswagen Passat or the first generation Volkswagen Tiguan) are fitted withType EA 189 diesel engines.
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Offline jv

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Re: VW in meltdown
« Reply #6 on: 30 September 2015, 11:33 »
Quote
VOLKSWAGEN GROUP UK ANNOUNCES ACTION PLAN TO MODIFY DIESEL VEHICLES WITH EA 189 EU5 ENGINES
  • New vehicles with EU6 engines currently available not affected
  • All petrol models, as well as V6 TDI and V8 TDI models, unaffected
  • Technical solutions being developed and will be presented to responsible authorities before end of October
Milton Keynes, September 30,2015 – Volkswagen  Group UK is announcing its action plan to correct the emissions characteristics of certain diesel vehicles.

In the coming days, the VIN (Vehicle Identification Number) details of affected cars will be released to retailers. In addition, a self-serve process for customers to check if their vehicle is affected will be set up.

Step by step, affected customers will be contacted, with details of a process to get their vehicles corrected in the near future. In the meantime, all vehicles are technically safe and roadworthy.

Under the action plan, the Volkswagen Group brands whose vehicles are affected will present the technical solutions and measures to relevant responsible authorities in October.

Customers with these vehicles will be kept informed over the coming weeks and months. All of the Group brands affected will set up national websites to update customers on developments.

The specific numbers of vehicles in the UK affected per brand are as follows:
Volkswagen Passenger Cars – 508,276
Audi – 393,450
SEAT – 76,773
ŠKODA – 131,569
Volkswagen Commercial Vehicles – 79,838

Volkswagen Group UK is committed to supporting its customers and its retailers through the coming weeks.
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Offline Diamond Hell

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Re: VW in meltdown
« Reply #7 on: 30 September 2015, 14:42 »
I wonder how many people will find their cars suddenly down on power when they've had the 'cheat' removed?  :grin:
Just because you're offended doesn't make you right.

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Offline Bandit127

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Re: VW in meltdown
« Reply #8 on: 30 September 2015, 16:39 »
I wonder how many people will find their cars suddenly down on power when they've had the 'cheat' removed?  :grin:
Will be interesting to see if this affects all models. Or if the 140/170 bhp model you paid for just gets turned into a 110...

Offline Screech16v

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Re: VW in meltdown
« Reply #9 on: 30 September 2015, 21:31 »
They had our 64 plate tdi polo in today for a servo pipe recall and some kind of engine management software update ,ive yet to drive it yet ,surely it cant be any slower than it is already