Volkswagon

Fixit7 · 06-28-2016, 09:39 AM

Can they survive after having to pay this out ?

http://money.cnn.com/2016/06/28/news...ine/index.html

cwizardone · 06-28-2016, 09:40 AM

dugan · 06-28-2016, 10:39 AM

Easily

Teufel · 06-28-2016, 10:54 AM

they sold ~10 millions cars last year (including Audi, Seat, Skoda, Porsche)
$14.7 billion - it's a $1400 per every sold car during 1 year - unpleasant but not fatal.

Fixit7 · 06-28-2016, 01:57 PM

Didn't know VW owned those other companies.

Guess Takata is big too.

jefro · 06-28-2016, 07:05 PM

Really kind of a shame. My brother and a lot of people at work have had these cars and loved them. They reported HUGE mileage numbers in all sorts of road conditions. What is the trade off? A Lambo getting 7mpg and making the numbers or a VW getting 50mpg and not making the percentages but totally less pollution that most other cars when measured by tons per year.

I think they will survive more based on their corporate structure. A global company board would be more likely to take a golden parachute and screw investors.

syg00 · 06-28-2016, 07:10 PM

That's a thought jefro - trade them all back for Lambo's ....

Of course, as normal, this is all only applicable to (US) northern Americans. To hell with the rest of the world ...

cwizardone · 06-28-2016, 08:02 PM

Quote:

Originally Posted by Fixit7

Didn't know VW owned those other companies.

Guess Takata is big too.

And Bentley......

Quote:

Volkswagen Group (pronounced [ˈfɔlksˌvaːgən gʁuːp]), or Volkswagen Aktiengesellschaft (pronounced [ˈfɔlksˌvaːgən ˈʔakt͡si̯əngəˌzɛlʃaft]), shortly VW AG, and its subsidiaries, is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany. It designs, manufactures and distributes passenger and commercial vehicles, motorcycles, engines, and turbomachinery and offers related services including financing, leasing and fleet management. In 2012, it produced the second-largest number of motor vehicles of any company in the world, behind Toyota and ahead of General Motors.[7] It has maintained the largest market share in Europe for over two decades.[8] As of 2013, it ranked ninth in the Fortune Global 500 list of the world's largest companies.[9] In 2014, it reached production output of 10.14 million vehicles.[10]

Volkswagen Group sells passenger cars under the Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Škoda and Volkswagen marques; motorcycles under the Ducati brand; and commercial vehicles under the marques MAN, Scania, Neoplan and Volkswagen Commercial Vehicles. It is divided into two primary divisions, the Automotive Division and the Financial Services Division, and has approximately 340 subsidiary companies.[11] VW also has two major joint-ventures in China (FAW-Volkswagen and Shanghai Volkswagen). The company has operations in approximately 150 countries and operates 100 production facilities across 27 countries......

https://en.wikipedia.org/wiki/Volkswagen_Group

frankbell · 06-28-2016, 08:31 PM

A more pertinent question is, "Where are the fraud indictments?"

jefro · 06-28-2016, 09:20 PM

My point was the overall emissions created by these cars? Do they in fact pollute less by getting such high fuel numbers? Do they in an average pollute less than a group of competition cars? I believe so.

The US made consumers pay a huge amount to burn clean diesel before the rest of the polluting world used it. You are welcome for the infrastructure.

alberich · 06-29-2016, 03:39 AM

For this level of fraud they have to pay. Because otherwise, what's next? Also this has been so ultimately dumb and also unecessary that it's almost unbelievable.

I just wished the management would have been seized, their personal possessions, and themselves and sold as slaves to the US.

It is not nice that those took the boni for ''success'', and the employees and indirectly the public fiscality by missed taxes pay now.

I guess they will survive.

Another benefit is, that I hope generations of business students will study this case and hopefully learn from a very bad example of the consequences and inefficiencies of faulty corporate culture (of blind ambition, top-down pressure and in reply dishonesty).