VW shares plunge 20% following emissions' scandal; fines could reach 18bn dollars

Tuesday, September 22nd 2015 - 06:37 UTC

Full article 4 comments

Shares in German auto giant Volkswagen (VW) fell more than 20% in morning trading at the Frankfurt stock exchange on Monday in reaction to revelations that some of its diesel cars in the United States had been fitted with software that gave false emissions data. Read full article

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ChrisR
As the green has said, there are likely to be other car manufacturers doing this.

Caterpillar and other large diesel engine makers were caught out about 5 - 7 years ago doing a similar thing.

Removing the algorithm that detects this abnormal system of running the engine (which the testing regime is) will reduce the power and efficiency of the engine of these 'new' high power, low consumption designs in road use.

The government tax departments won't like the knock on effect because diesel fuel is always overtaxed and the fall in sales numbers which will inevitably occur will reduce the take.

Don't you just love the hypocrisy of the present 'Californios' (the correct name of the original inhabitants) who have the highest drug use and consequent deaths in the US but want “really clean” vehicles for their health?

Stupid buggers.

PS 40 times almost nothing is still nothing.
Sep 22nd, 2015 - 11:34 am - Link - Report abuse 0
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Briton
VW
not the first,
and certainly not the last.
Sep 22nd, 2015 - 07:36 pm - Link - Report abuse 0
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Enrique Massot
#1
Love how Chris starts showing us how much he knows about VW's deception (it will end up costing to the tax department etc.) and then skids sideways, blames “stupid Californios” for an unrelated matter, and ends up excusing the automaker--hey, what's the fuss after all?
Come on, Chris. This example simply shows us what corporations are: soulless entities that couldn't care less how they make a buck.
Sep 23rd, 2015 - 01:36 am - Link - Report abuse 0
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ChrisR
@ 3 Kiki MPH

it's clear you do not understand the EPA or what this means to on-going diesel technology.

BTW, it seems 'Herr' Merkel was aware of the software 'fix' as well.
Sep 23rd, 2015 - 06:33 pm - Link - Report abuse 0
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