Naughty naughty VW

[jv]

Or not, if you look how the BP Deepwater Horizon issue has dragged on for years and the share price hasn't recovered!

[fredgroves]

I'd not touch VW shares with someone else's bargepole at the moment.

There is a very real possibility that VAG could go under with this....

[mcmaddy]

VAG going under don't be ridiculous!! On what basis do you spout that nonsense?

[VW BUSH]

You would be surprised at what goes on in the manufacturing sector.
VW will probably change board over this no biggy someone will still get a bonus.

[monkeyhanger]

It is indeed a shameful deceit by VW and will take them years to recover (similar to the Toyota scandal a few years back). Don't think they're the only ones at it. BMW, Mercedes, GM, Ford will be watching over their shoulders mark my words.

Agree - VW won't be the only ones. When all the emissions tightening started 5 years ago and stop start was filtering in, everyone's "official" combined mpg jumped up 20% - Ford, Mazda, Toyota, BMW......

They're all at it - VW got caught first.

[Damion]

10 billion in Cash reserves, same in Assets so will hit them hard but won't take them under by any imagination.
Have they issued a list of Models effected?

[runningman35]

So far people are commenting primarily on American litigation and regulatory fines. However VW will be more concerned with multiple international regulatory fines in Europe, South America, South Africa, Indonesia, Australia....... Big company, very big immediate problem.   

The fallout is reputational damage, and more of an unknown. Like has been said already, I personally think many firms could conceivably write software that could work this way, and we simply don't know yet if this is the case, but surely all VAG firms could be at fault with so much shared technology and processes?

Not a good day to be a VW/VAG owner! Still wouldn't want a Toyota of any description, unless a Lexus LFA perhaps, lol!

[GatsbyIII]

I just can't believe they thought they'd ever get away with it. I mean, I know fraud goes on, but usually within a closed shop environment such as finance. VAG have a product in the public domain, with enthusiasts accessing the EMS, chipping, and their whole code out there to be reverse engineered by just about anyone with the inclination. I'm disappointed they've cheated, but I'm more disappointed they thought they could get away with it. Still, can't wait to get me new GTi next month 

[fredgroves]

VAG going under don't be ridiculous!! On what basis do you spout that nonsense?

Well, US$18bn in EPA fines, plus private/class litigation from owners, plus probably litigation from at least California, plus the cost of a recall of 500k cars, plus the reduction in value of the existing stock on hand to zero...

VW have put aside 6 billion euros, that's quite clearly not enough by a long way.

I'd say the US bill alone will be approaching US$50bn at least by the time they are done, not to mention probably the US market becoming extinct for VAG for some time.

VW might survive that, but the big question is over whether there are problems in any other countries. I'd say just one more country/region with a problem would probably finish them.

[Gti_Jamo]

CO2 emission regulations are such a hypocritical waste of time. The car corporations themselves are hardly resourcefully efficient.