VW scandal and impact on German economy - Traders Hideout | futures io social day trading
futures io futures trading


VW scandal and impact on German economy
Updated: Views / Replies:17,096 / 345
Created: by rleplae Attachments:27

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 27  
 
Thread Tools Search this Thread
 

VW scandal and impact on German economy

  #161 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,077 since Feb 2012
Thanks: 3,765 given, 7,525 received
Forum Reputation: Legendary


Big Mike View Post
That's funny, I read somewhere else that US sales are actually up

VW US sales rise despite scandal - BBC News

Mike

I read the same :-)
Maybe you get some nice real cheap offers of new VW cars right now?
In UK though they had a down in sales of 15% last month...

GFIs1

Reply With Quote
 
  #162 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,077 since Feb 2012
Thanks: 3,765 given, 7,525 received
Forum Reputation: Legendary

First fine for VW from a country

In Brazil VW has to pay a fine of 12 million EUR for having falsified emission numbers
on Diesel cars.
In October VW announced to call back 17000 cars of type Amarok.

IF
countries find out how easy it is to get extra tax money - then
some followers are guaranteed.

GFIs1

Reply With Quote
 
  #163 (permalink)
Elite Member
Chemnitz, Germany
 
Futures Experience: Intermediate
Platform: Python
Favorite Futures: ALL the futures (and options)
 
Posts: 80 since Sep 2014
Thanks: 302 given, 48 received


10 million isn't that much, though.

Reply With Quote
 
  #164 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,077 since Feb 2012
Thanks: 3,765 given, 7,525 received
Forum Reputation: Legendary


skoa View Post
10 million isn't that much, though.

This first fine is only for the diesel scandal - one more fine for the CO2 could follow.
Brazil is for sure not interested to harm VW too much.
VW has 3 large production sites in Brazil with more than 20000 workers...

But in other countries where VW has no production - the fines might be
much higher.

GFIs1

Reply With Quote
 
  #165 (permalink)
Elite Member
Harrisburg, PA
 
Futures Experience: Intermediate
Platform: Sierra Chart,TradeStation
Broker/Data: Multiple
Favorite Futures: Futures
 
pedalon's Avatar
 
Posts: 23 since Apr 2013
Thanks: 101 given, 28 received

Goodwill Package

VW has announced a Goodwill Package for affected owners.

"In the meantime, we’re providing affected 2.0L TDI® owners with a $500 Volkswagen Prepaid Visa® Loyalty Card, a $500 Volkswagen Dealership Card, and no-charge 24-hour Roadside Assistance for three years*. We sincerely hope you see this as a first step toward restoring your invaluable trust."

https://www.vwdieselinfo.com/goodwill_package/

Reply With Quote
 
  #166 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,077 since Feb 2012
Thanks: 3,765 given, 7,525 received
Forum Reputation: Legendary

Rising costs calculated

Barclays Plc estimated on Friday that the costs for VW will rise to 25 billion Euro in 2017.
This calculation is based on the known cheating facts up to now.

Around 800000 cars out of the VW family are affected of having wrong and too low CO2 declarations.
These are namely cars out of the 2016 series.

VW Tags 430,000 New Cars With Implausible Carbon Dioxide Ratings - Bloomberg Business

The good news: VW will make public on Monday the new software kit to solve the problem on the 1.6l diesel motor.
According to VW the costs of the "repair" are not high per car.

GFIs1

Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
  #167 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,077 since Feb 2012
Thanks: 3,765 given, 7,525 received
Forum Reputation: Legendary

VW needs to deliver real solutions

until tomorrow to US institutions.

While VW makes nice gifts of 1000 dollars per old client (yes - some thousands took profit ) - the
deadline is cruel and due by tomorrow.

If the proposal is not satisfying - the legal US act could create a fine of up to 50 billion dollars and taking out
all concerned cars in USA. This means that the car owner of a affected car may loose the admission to
use it further and will not get any price on his unusable vecule....

And for sure this will bring a extensive wave of legal acts against the car seller.

So - don't expect to count damage of around 6.7 billion Euro...
not 10 billion...
but a LOT more

GFIs1

Reply With Quote
 
  #168 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,077 since Feb 2012
Thanks: 3,765 given, 7,525 received
Forum Reputation: Legendary

If..

the deadline (from upper post) for answer by tomorrow to US will hold is not yet sure.

But for the deadline to EU in Brussels in case of CO2 affected cars in Europe
the company VW has asked to prolong the time.
EU commissioner Miguel Arias Cañete had asked CEO Matthias Müller of VW to
to show which models, how many cars etc. are affected from wrong CO2 declaration.
Cañete asked for an answer within 10 days - until tonight.

GFIs1

Reply With Quote
 
  #169 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,077 since Feb 2012
Thanks: 3,765 given, 7,525 received
Forum Reputation: Legendary

US deadline tomorrow

Chief of CARB Mary Nichols told that VW needs to send in demanded answers on all the
questions CARB made. Answers need to be acceptable by CARB and EPA.
If VW does not bring some good plan - then CARB will no longer prolong yearly license for those
VW (group) models from 2016.
This will take out all affected models within one year - and for sure will have a strong effect
from the clientele: those models will have zero value and can not be sold on second hand markets.

GFIs1

Reply With Quote
 
  #170 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,077 since Feb 2012
Thanks: 3,765 given, 7,525 received
Forum Reputation: Legendary


Volkswagen Submits Recall Plan to California Air Regulators - Bloomberg Business

GFIs1

Reply With Quote

Reply



futures io > > > VW scandal and impact on German economy

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Opening Breakouts and Reversals w/Al Brooks

Elite only
 

Introducing daytradr by Jigsaw, new stand-alone platform

Oct 19
 

RandBots: AutoTrading Bots to diversify your trading

Oct 24
 

TopstepTrader: Profiting Without Risking Your Own Money

Oct 26

Building Open Source Indicators for NT8 w/Fat Tails @ Lizard Indicators

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
France Faces 'Devastating Scandal' as Economy Stalls Quick Summary News and Current Events 0 April 9th, 2013 04:10 AM
Libor Scandal: Why Criminal Charges Are Now Likely Quick Summary News and Current Events 0 July 23rd, 2012 04:20 PM
Vatican faces widening of leaks scandal kbit News and Current Events 0 May 27th, 2012 09:19 PM
G-20 Demands German Gold To Keep Eurozone Intact; German Central Bank Tells G-20 Wher Quick Summary News and Current Events 0 November 6th, 2011 02:00 AM
Fed Poised to Aid Economy, But Impact Is Cloudy Quick Summary News and Current Events 0 November 2nd, 2010 10:40 AM


All times are GMT -4. The time now is 02:07 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-10-17 in 0.11 seconds with 20 queries on phoenix via your IP 54.224.155.169