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VW scandal and impact on German economy
Started: by rleplae Views / Replies:10,989 / 268
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VW scandal and impact on German economy

  #191 (permalink)
Market Wizard
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Management Insurance

Discussion in Switzerland is about the insurance for the leading staff of VW.
VW company made an insurance with Zurich insurances. A maximum sum
of 500 million can be due - which is to pay by the Zurich. Of course this will
not cover the scandal costs - but the management will be fine?

The sum will not be due if the fraud was "intentional" by investigation

Zurich insurance and their stockholders are most interested to know how
and by when the case is closed to see the final 2016 results.

GFIs1


Last edited by GFIs1; January 7th, 2016 at 08:29 AM.
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  #192 (permalink)
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VW didn't understand the question....

It's official VW didn't lie....they simply didn't understand the question! Great response, I'll use that one the next time I get in trouble....

"Mueller: We didn't lie. We didn't understand the question first. And then we worked since 2014 to solve the problem. And we did it together and it was a default of VW that it needed such a long time."


fortunately, VW convinced NPR to do a second interview and changed their tune...


'We Didn't Lie,' Volkswagen CEO Says Of Emissions Scandal : The Two-Way : NPR

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  #193 (permalink)
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in tempore non suspecto
i wrote, no reason why VW would be the only fraudsters


Renault Shares Drop on Apparent Fraud Probe Into Emissions - Bloomberg Business

makes me very much think like the fraud in sports..
one does it, the other does it also...

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  #194 (permalink)
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rleplae View Post
in tempore non suspecto
i wrote, no reason why VW would be the only fraudsters


Renault Shares Drop on Apparent Fraud Probe Into Emissions - Bloomberg Business

makes me very much think like the fraud in sports..
one does it, the other does it also...

As in sports, people will generally follow their self-interest if they can get away with it.

Bob.

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  #195 (permalink)
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I see - we need soon a new thread
"Renault scandal and impact on French economy"

Of course that thread will be in french language

And another one to follow for for PSA group (Peugeot, Citroën)?

And yeah - the never cheating italian will not join the club.

Looking forward to the never improving big companies.
GFIs1

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  #196 (permalink)
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GFIs1 View Post
I see - we need soon a new thread
"Renault scandal and impact on French economy"

Of course that thread will be in french language


GFIs1

il n'y a aucun problème ;-))

no problem at all

no problemo

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  #197 (permalink)
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rleplae View Post
il n'y a aucun problème ;-))

no problem at all

no problemo



Actually there are three stages:

Stage 1 : You are aware of the problem and hide it.
Stage 2 : Others are aware of the problem.
Stage 3: You are no longer aware of the problem.

Engineers from Renault simply skipped step 1.

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  #198 (permalink)
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Fat Tails View Post
Actually there are three stages:

Stage 1 : You are aware of the problem and hide it.
Stage 2 : Others are aware of the problem.
Stage 3: You are no longer aware of the problem.

Engineers from Renault simply skipped step 1.

Like Mueller used to say: "... we just didn't understand the question first."

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  #199 (permalink)
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Renault recalling 15.000 new cars :

Renault to modify 15,000 new cars in emission scare - BBC News

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  #200 (permalink)
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Fiat Chrysler and GM also started "voluntary update" programs after internal inquiries have found "irregularities".

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