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

  #181 (permalink)
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Yeah, as we say in Germany "they all cook with water." They all push as far as they can within the limits set by the tests and they all design/build to a budget. The german car magazin Auto Motor und Sport has recently made their own real-world tests and found that the newest VW Golf is the one to go over its limits the least of all the tested cars. Even the tested gas car from Ford emits more NOx than the Golf during real driving.

The EU has handed down the New European Driving Cycle as the standard to optimise to. This driving cycle is a) completely unrealistic and b) highly punitive to large naturally aspirated engines. Thus it favours the introduction of small turbocharged engines. Those engines perform much better in the unrealistically low speed/acceleration/RPM ranges this cycle tests at. In the real world they aren't that much better than an NA engine that deactivates some of its cylinders to save fuel and reduce emissions.

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  #182 (permalink)
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The consumers want power & effectiveness. (in cars, in fridges, in vacuum cleaners, ...)

The Eco-hippy government forces ideological policies - for non-ecological reasons

The Eco-hippy media, close to the government, blames producers - "the devils of capitalism"

The producers are squeezed in the middle, trying to accommodate consumers, while trying to stay above the law.


(last year, the EU parliament forbid vacuum cleaners ,
that are able to clean -
to save the ice bear)

... "eco"- and "safety"- policies devolve to tools of cronyism,
that hinder market entry of new & more dynamic competition.

(that sums up the last 50 years in europe ... and the next ones )


Last edited by puma; December 16th, 2015 at 08:11 AM.
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  #183 (permalink)
Market Wizard
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Today


some news came up about a official test of a Mercedes car:
In the test the measures of NoX and CO2 were double when the engine was *hot*
against a cold start test. Thus measuring a *cold* motor in testing circumstances is
quite schizophrenic: because a normal use is with warm or hot motor to make some
distance.

Thanks for getting insight how measuring is going on

As customers we will LEARN a lot in the next future.
About unnecessary things - no client wants even to think about.

GFIs1
who leans out of the window now to tell that I do not own a car

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  #184 (permalink)
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We have now seen practically every OEM implicated by preliminary test results. Some of those will turn out to be false or not severe, but some will probably have to make the same changes and pay similar fines to VW.

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  #185 (permalink)
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Excessive payment for VW management

Even Martin Winterkorn, CEO of VW, stepped back in september - he gets paid a "salary".
Until december 2016. Because the contract is until then. And Winterkorn is no longer "working"
for the company. And even all investigations are saying the same as Winterkorn said himself before
stepping down: that he will take every responsibility on him in the case of fraudulent software
built in the cars since a long time.

Winterkorn was and still is the best paid manager in all Dax listed companies.
He receives this year and next year the measly sum of - yes you will not believe:

15 million Euros per year

The more power and the more you do not show responsibility at least for the stock holders
the MORE you get.

That is the VW concept - invented by those brilliant top managers.

GFIs1

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  #186 (permalink)
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GFIs1 View Post
Even Martin Winterkorn, CEO of VW, stepped back in september - he gets paid a "salary".
Until december 2016. Because the contract is until then. And Winterkorn is no longer "working"
for the company. And even all investigations are saying the same as Winterkorn said himself before
stepping down: that he will take every responsibility on him in the case of fraudulent software
built in the cars since a long time.

Winterkorn was and still is the best paid manager in all Dax listed companies.
He receives this year and next year the measly sum of - yes you will not believe:

15 million Euros per year

The more power and the more you do not show responsibility at least for the stock holders
the MORE you get.

That is the VW concept - invented by those brilliant top managers.

GFIs1

Dont mention Winterkorn's tiny salary. Otherwise US managers will feel pity for him.

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  #187 (permalink)
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Large credits from EIB to return immediately?

EU Anti-Fraud department has warned VW of consequences.
The first one are the credits given from EIB (European Investment Bank) to create "green" motors. Since 1990
the EIB gave credits to VW 4.6 billion EUR. Now 1.8 billion EUR are still open. Might to be given back immediately
if the money was not invested like applied for and thus fall under fraud. That means for VW to no longer get any
credit by the EIB.
EU Anti-Fraud investigation is still going on. Results to be published in some months.

GFIs1

source n-tv.de

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  #188 (permalink)
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Volkswagen Sued by U.S. for Cheating on Emissions Standards

USA may want some billion in fines for cheating on "clean air act" and other articles from VW, Audi, Porsche
sold cars in the US (more than 600000 vehicules)....
Worst case scenario is speaking of 18 billion fine.

Article: Volkswagen Sued by U.S. for Cheating on Emissions Standards - Bloomberg Business

GFIs1

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  #189 (permalink)
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VW to buy back 115000 vehicules in USA

According to sources in Germany VW has to buy back 115000 cars with fraudulent software
from customers in USA. This action can take one to two years says CEO of VW USA.
In other countries the "defeat" software will be deleted and some new software installed.
The "repair" is about to start - but has not yet showed results.
Costs of this US action sums up to some billion.

GFIs1

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  #190 (permalink)
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GFIs1 View Post
According to sources in Germany VW has to buy back 115000 cars with fraudulent software
from customers in USA. This action can take one to two years says CEO of VW USA.
In other countries the "defeat" software will be deleted and some new software installed.
The "repair" is about to start - but has not yet showed results.
Costs of this US action sums up to some billion.

GFIs1

This whole story has been a fascinating parallel for what happens in bull v bear markets regarding financial scandals - they usually only come to light during bear markets, because during the up-phase everybody wants 'in' or a piece of the action, no matter how grubby or dodgy it is.

Travel Well
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