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VW scandal and impact on German economy
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VW scandal and impact on German economy

  #141 (permalink)
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@Fat Tails what are we talking here? How old exactly is your VW bug?

Mike

One of them is brand new and polished (last decade but looks like new) and the other one is a vintage car from the last millenium, but already equiped with all safety features like air bags and ABS. Otherwise I would not let my family drive them.

No bugs or beatles or that stuff. No Diesel. Diesel is a good choice, if you live on the country side. Not so good for driving through the inner cities.

I also use DriveNow, which is a car sharing service and convenient, if you need a car ASAP.

https://de.drive-now.com/en/

It is affiliated with BMW & Sixt, both of them Bavarian companies.

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  #142 (permalink)
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now Porsche and other 3l are under survey

Upon different sources - EPA in USA has found Diesel models of VW, Audi and Porsche 3l motors
with fraudulent software that manipulate emissions under test mode.

Affected found models are
- VW Touareg (2014)
- Porsche Cayenne (2015)
- Audi A6 Quattro, A7 Quattro, A8, A8L, and Q5 (2016)

VW has denied to have such software in 3l motors.
Porsche has told to check upon those news
and Audi did not respond

EPA says around 10000 models with 3l diesel engines in USA are affected
that were sold between since 2014.

GFIs1

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  #143 (permalink)
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GFIs1 View Post
Upon different sources - EPA in USA has found Diesel models of VW, Audi and Porsche 3l motors
with fraudulent software that manipulate emissions under test mode.

Affected found models are
- VW Touareg (2014)
- Porsche Cayenne (2015)
- Audi A6 Quattro, A7 Quattro, A8, A8L, and Q5 (2016)

VW has denied to have such software in 3l motors.
Porsche has told to check upon those news
and Audi did not respond

EPA says around 10000 models with 3l diesel engines in USA are affected
that were sold between since 2014.

GFIs1

VW's new CEO under pressure as emissions scandal hits Porsche | Reuters
...Mr. Mueller, former Boss at Porsche! The other shoe in this scandal maybe falling off

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  #144 (permalink)
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not only NOx...

but also CO2 data not correct - admitted VW this afternoon.
Some 800 thousand further cars from the company had been sold with wrong declaration
of CO2.
The scandal affects not only the VW diesel motor - but all motors VW built. Now even NEW
models are not conform...

The company's stock (listed in the Dax 30) tumbled today 4,3%.

GFIs1

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  #145 (permalink)
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Which products do you trade?

 

GFIs1 View Post
but also CO2 data not correct - admitted VW this afternoon.
Some 800 thousand further cars from the company had been sold with wrong declaration
of CO2.
The scandal affects not only the VW diesel motor - but all motors VW built. Now even NEW
models are not conform...

The company's stock (listed in the Dax 30) tumbled today 4,3%.

GFIs1

Impact 'only' another 2 billions Ä

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  #146 (permalink)
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EPA document

The new accusations from EPA California to read here:

11/02/2015: EPA, California Notify Volkswagen of Additional Clean Air Act Violations

GFIs1

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  #147 (permalink)
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VW stock development

Since the bad news/scandal end of September the VW stock loss was more than 30% -
while the DAX (including the negative VW stock) went up 10%

GFIs1

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  #148 (permalink)
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NHTSA Accident database missing VW data

Irregular cases of accidents with VW revealed.

According to Bloomberg an investigation had been started
(not only to VW but Honda and more):

Volkswagen Failed to Report Fatal Incident to Regulator - Bloomberg Business

Some more fines eventually to come for VW.

GFIs1

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  #149 (permalink)
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Porsche stops selling Cayenne

While VW sees no big deal with the CO2 problem of the 3l diesel motor (years 2014 to 2016)
to be found in VW, Audi and Porsche cars, Porsche stopped immediately selling their model Cayenne
in USA...

GFIs1

(why only in USA?)

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  #150 (permalink)
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VW stock after bad news


Today VW stock plunged 9% again on the opening of today in the first 15 minutes.

GFIs1

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