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

  #211 (permalink)
Market Wizard
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Comedian in Geneva installs new cheat box

At the big car expo in Geneva a well known comedian installed at the VW presentation in front of many
cameras a new cheat box under the show car - which he pretended to have developed:

Genfer Autosalon: Komiker Simon Brodkin unterbricht VW-Präsentation - SPIEGEL ONLINE

Funny!
GFIs1

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  #212 (permalink)
Market Wizard
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HOW can THEY?

According to some german news channels some very intriguing behaviour of VW came into light:
The company even installed new cheating software on self recalled cars AFTER US EPA warned
the management about the cheating software.

Here it comes:
The software developers made some adjustments in the new update 2014/15 to detect if
"the steering wheel" is turned while "driving". If so - the cheating software came in and
the dust went directly into the air. This because the dust filters were often full too early
and needed to be exchanged by VW....
!

!!

!!!


Unbelievable

Source (german) here:
Betrugssoftware offenbar noch 2015 erweitert: Software-Update - obwohl VW gewarnt war? | tagesschau.de

GFIs1

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  #213 (permalink)
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After US CEO Horn has gone will VW quit US market?


Things are dense in time: the recall action has to start but
VW's negotiation with EPA has still not finished,
US CEO Horn has quit the company immediately,
the premium model Phaeton will run out by end of March
and no follow-up is in the pipeline...
US sales on the decline while Toyota sales are rising steeply.

The big question now is if VW might quit the US markets
as the US VW-dealers were travelling to the headquarter
to discuss the strategies.

Here some overview:
VW Toys With Giving Up the U.S. Mass Market, and Dealers Fume - Bloomberg Business

GFIs1

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  #214 (permalink)
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Illegal data deletion ?

Another chapter...

Ex-employee sues Volkswagen in U.S. over data deletion - German media | Reuters

I think this can cause criminal charges..
trying to cover up

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  #215 (permalink)
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VW sued in Germany for 3.7 billion

Volkswagen Sued for $3.7 Billion in Germany Over Diesel Scandal - Bloomberg Business

...the plaintiffs say this is just the beginning...

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  #216 (permalink)
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More problems

These are not directly connected with the Diesel scandal - but hurt VW's and Porsche's reputation
and finances:

1) Recall of 177000 VW Passat (Models 2014 & 2015) because of a defect in a electrical connection which
causes motors to stop eventually.

2) Recall of 800000 models of VW Touareg and Porsche Cayenne built 2011 to 2016 with defect pedals.

Looks like the bad news don't stop. At least they now are coming to the surface.

GFIs1

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  #217 (permalink)
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VW has aked for extra time/delay for the deliver of the repairplan

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  #218 (permalink)
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rleplae View Post
VW has aked for extra time/delay for the deliver of the repairplan

From Bloomberg today:
"Volkswagen missed a court deadline on Thursday to present a plan to bring the cars into line with clean air rules, but Judge Charles Breyer at United States District Court in San Francisco gave the company an extension until April 21.

If no agreement is reached with the federal government, customers and dealers, a trial would be held this summer to determine what measures Volkswagen should be compelled to make and how much owners would be compensated."

In a video (Bloomberg too about the hearing" a specialist was speaking of a maximum fine of 4.6 billion for VW in USA
plus a sum up to 9.6 billion to take all cars in USA back...
The futurue compensation for the car owners is still not clear.

GFIs1

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  #219 (permalink)
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Explaining how the System worked

Out of New York Times
a great article with graphics explains in details the VW Diesel Setup:

http://www.nytimes.com/interactive/2015/business/international/vw-diesel-emissions-scandal-explained.html

GFIs1

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  #220 (permalink)
Market Wizard
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now: Mitsubishi on 625000 cars


New scandal in Japan:
Mitsubishi admits to have manipulated numbers of 625000 cars made for Japan.
The critical point is that many manipulated cars were made for Nissan.

The Mitsubishi stock fell more than 15% within hours and closed @ 733

Article (Bloomberg):
Mitsubishi Motors Admits Manipulating Fuel Economy Test Data - Bloomberg

One could not reveal this simple trick:
Overpressurized tires

GFIs1

This cheating story - and the thread also - never ends


Last edited by GFIs1; April 20th, 2016 at 05:23 AM.
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