...for having engine control software that gamed the smog tests.
Not that anyone here would consider such a thing.
Not that anyone here would consider such a thing.
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VW gets hit with multi-billion fine
- Thread starter cmthomson
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Same here but I'm always looking for a deal. Don't follow any auto stocks though. Pays a 3% div at Friday's price. I'm guessing it will recover at some point so was thinking of long term with div.
The difference is a lot more than 40%. The EPA's letter to VW says "emissions of NOx increased by a factor of 10 to 40 times above the EPA compliant levels, depending on the type of drive cycle (e.g., city, highway)."
For almost a year, VW tried to deny this was deliberate cheating. They now admit that it was.
Pretty easy to detect. Going at exactly one of the two speeds used for testing for over a minute? Must be time to adjust the engine!
So once they make correct adjustments the cars will have like 3hp, lol.
BP was decimated when they had their oil spill. The stock was creamed and I stepped in near the bottom then waited for CNN to take down their little window of the oil well gushing into the sea. Boom, stock went back up. Hope the same thing happens here for VW.
BP was decimated when they had their oil spill. The stock was creamed and I stepped in near the bottom then waited for CNN to take down their little window of the oil well gushing into the sea. Boom, stock went back up. Hope the same thing happens here for VW.
FWIW, Remember that the China factor is in play as well, YOY sales to mainland China are down across all VAG related brands.
I'm curious how, from a technical point of view, they could fix the issue.
I'm assuming a MPG and/or HP decrease will result in whatever they could do to lower the emissions and that in and of itself will be a class action lawsuit.
^ buy more 
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There was no lawsuit, but this has kind-of been tried before. Sorry to bring up super old stories of a domestic car.
In reference to Pontiac's famous 1973 Trans Am SD-455:
In reference to Pontiac's famous 1973 Trans Am SD-455:
2gta.com said:
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I drive at night as little as possible. I like to keep my nocturnal emissions to a minimum.
Although I haven't taken the time to look and confirm someone told me that AMC also did the same thing using the hood pin switch to de-tune the motor. When the hood was open to place the testing equipment on the engine the car would pass.
I think we are seeing why so many diesel configurations are available in other countries that are not available here in the states.
I predict that VAG will be selling off a few of their subsidiaries to raise some money. Porsche will probably be first to go.
And each machine, tool, die, desk, work bench, etc will be optional and an additional cost over the actual selling price of the company.
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I'm curious how this will play out. I have a 2013 TDI as a daily. If they detune the car expensive emissions parts life will decrease mpg and Hp will suffer. They can require a reflash to re-reg. Owners will not be happy with that class action lawsuits are lined up ready to attack. The lawyers are all over the forums. I don't live in the NYC so mine will get a boost in HP (around +130) and get about 59mpg if this is the only option (roll coal) after a required reflash on VWs dime eventually.
EPA fines can total $37,000 per vehicle (I can see the EPA buying all the cars back) or force VW to buy all them back. Most likely the cheapest option for them. (No more TDI VW's) if that's the case VW just did me a favor 0% financing they payed $2k more then I payed for my trade in and I got 48mpg for the past 3 years on VW. The way I look at it I'm up.
If they do nothing or make the reflash optional (same thing) I still love my TDI for what it is. A dam good daily! I don't think the resale will be effected especially if VW starts selling the detuned version or stops TDI sales in the U.S. All together.
EPA fines can total $37,000 per vehicle (I can see the EPA buying all the cars back) or force VW to buy all them back. Most likely the cheapest option for them. (No more TDI VW's) if that's the case VW just did me a favor 0% financing they payed $2k more then I payed for my trade in and I got 48mpg for the past 3 years on VW. The way I look at it I'm up.
If they do nothing or make the reflash optional (same thing) I still love my TDI for what it is. A dam good daily! I don't think the resale will be effected especially if VW starts selling the detuned version or stops TDI sales in the U.S. All together.
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Being a non-finance guy, I am curious - what happens to the stock price (POAHY) if VW sells them off to raise funds? My non-educated impression is that the stock would tank, but as I said I am non-educated.
Crazy. I can't believe that a whole Dept. of Engineers would go through all the effort know full and well that When, not If but when EPA/Gov'ts find out that they will have Hell to pay.
All I know is that Toyota's Hybrid Dept. is celebrating right about now!
All I know is that Toyota's Hybrid Dept. is celebrating right about now!
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