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VW scandal and impact on German economy


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VW scandal and impact on German economy

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  #1 (permalink)
Gits (Hooglede) Belgium
 
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What is the most likely impact of the VW scandal on the German (European) economy ?
  • Germany represents +/- 21% of EU GDP
  • Current 1.8% growth will be impacted for sure
  • German car export is 200 B, 20% of German export
  • German car industry employs 775.000 people

Seems like this has a bigger impact than the Greek turmoil, for the European economy which is
already not in top shape and we are currently still in a QE program for another year...

The future numbers will be interesting, so is the evolution of the from a fundamental point of view...

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Can you briefly tell me what the scandal is? I don't watch TV news, haven't heard much about this.

Mike

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In a nutshell, VW group (which includes Audi, Bentley, Bugatti, Lamborghini, and Porsche) installed special software to defeat emissions testing in millions of their cars since 2009. Basically they pollute like hell until emissions hooks up their testing device and then the cars run "clean" to pass emissions. I own a VW and love it, but this looks very bad for them.

edit : diesel motors only

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TheShrike View Post
In a nutshell, VW group (which includes Audi, Bentley, Bugatti, Lamborghini, and Porsche) installed special software to defeat emissions testing in millions of cars their cars since 2009. Basically they pollute like hell until emissions hooks up their testing device and then the cars run "clean" to pass emissions. I own a VW and love it, but this looks very bad for them.

Nice. How bad is the difference between 'clean' and normal mode?

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They are saying about 10x to 40x more pollution when the cars are operating on the road.

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TheShrike View Post
They are saying about 10x to 40x more pollution when the cars are operating on the road.

Holy shit.

Yeah, so when are they filing bankruptcy?

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Big Mike View Post
Can you briefly tell me what the scandal is? I don't watch TV news, haven't heard much about this.

Mike

The firmware in the injection system has some code in it that allows it to
Detect that the car is being tested... The engine then goes then in a special
Eco mode that allows it to pass environlental requirements, but then you
Don't have the power...

In normal mode seems those engines do not conform the specs nor
The legal requirements

This is going on for many years
Several types impacted
Massive recall...

Vw put asside already 7 or 8 billion USD
Ceo stepped down
Clash actions will be all over the place...

Only the tip of the iceberg
The share crashed

But i am thinking on economical impact....
This is potential serious...

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I don't understand why they just didn't keep the firmware running at all times? Why only run it during test?

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tturner86 View Post
I don't understand why they just didn't keep the firmware running at all times? Why only run it during test?

Because it reduces the performance and gas mileage. I have heard it phrased that they decided they could either make "a clean car or a fun car," and that they chose the one that would sell more.

Then they had to fake the clean part for the regulators, but turn it off for the drivers.

Bob.

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