Jump to content
News
Reviews
Discussons
Activity
Create New...
Close
  • William Maley
    William Maley

    By William Maley •

    As the Diesel Emits: Volkswagen's Total Diesel Emission Scandal Bill Rises to $30 Billion

      Ka-Ching!

    Volkswagen's decision to use illegal software on their diesel vehicles has been costing them dearly. Reuters reports that Volkswagen is setting aside an additional 2.5 billion Euros (about $2.95 billion) due to difficulties with fixing the affected diesel models, particularly with the hardware.

    "The reason is an increase in provisions relating to the buyback/retrofit program for 2.0l TDI vehicles, which is part of the settlements in North America that is proving to be far more technically complex and time consuming," the company said in a statement.

    This pushes the total bill to $30 billion.

    The news comes a day after German prosecutors arrested Wolfgang Hatz, former r&d head of Porsche and head of powertrain development for Audi and Volkswagen. Hatz is being questioned by prosecutors for his involvement in the diesel emission scandal.

    “Investors will understandably worry what else may be next,” said BNP Paribas analyst Stuart Pearson.

    This news brought the share price of Volkswagen down three percent.

    Source: Reuters

    Go to articles

    User Feedback

    Recommended Comments

    ocnblu
    On 9/29/2017 at 3:53 PM, dfelt said:

    AND In Breaking news we have More Black Eye's scheduled for VW!

    Makes one wonder how fast all the Diesel's will Die and their EV product line will emerge. If they still have cash to create anything. :scratchchin:

    Shouldn't that be "new's"?  :roflmao:

    • Haha 2
    Link to comment
    Share on other sites
    riviera74

    VW is owned by Lower Saxony, a German Lander (similar to that of a province or a US state).  VW will not be allowed to die.  Daimler or BMW are far more likely to disappear since those two automakers are not owned by a state government.

    Link to comment
    Share on other sites
    Scout

    This could do more financial damage than cheat software.  Not because of fines, but because of public image. I saw the story on the news this morning. All they said was VW was testing diesel emissions on monkeys, then moved on. If the population only hears that and not the part about VW didn't promote or condone those tests, and took action against it, opinion could plummet doing real damage. I could talk to a room full of people and be surprised if anyone knew about the cheat software. However, in today's society, everyone is more than happy to jump on the latest cause.  And animal cruelty is the kind of thing that spreads like wild fire on social media. If this goes viral it would be hard to find someone that didn't hear about it.  That could be a bigger problem than government fines. 

    • Agree 1
    Link to comment
    Share on other sites


    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

    ×

  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • Robert Hall
      Random Thoughts Thread

      By Robert Hall · Posted

      When I've traveled for work in recent years, I keep my laptop with me in my backpack usually, since I'm traveling between the hotel and the office..sometimes I'll leave it in the room when I go out for dinner or drinks after work for a few hours.    Haven't seen a hotel room safe big enough for a laptop.   A couple times in the past when I've had a laptop on vacation, I put the backpack in the trunk of my car if I'm going out of the hotel for all day or something.   My most recent vacation/road trip I only took my iPad, less bulky than my laptop... I'd put my wallet and iPad in the room safe when I'd walk down to the beach w/ my phone. 
    • trinacriabob
      Random Thoughts Thread

      By trinacriabob · Posted

      If you are in a hotel and there is a (laptop) safe in the room, you'd probably use it for your laptop if leaving the room and/or hotel for a while. If you are in a hotel without one, what do you do (with your laptop)?  I often have them pass on room service ... that's for sure.  It would be beneficial for some of you to weigh in.
    • trinacriabob
      Random Thoughts Thread

      By trinacriabob · Posted

      Random thoughts: Saw many German imports sporting medium enamel grey exteriors with darker red leather interiors in affluent desert communities and this combination looks nice. Was following a recent Dodge Challenger on the freeway tonight and I love that rear light bar, so I think it's the best looking of the 3 pony car rehashes. Saw an immaculate black 2007 or 2008 Cadillac DTS on the freeway tonight and they still look good, even timeless. I happened onto a dog video last night and it had "Dog Whisperer" Cesar Millan in it.  I read about him and he once ran a "Dog Psychology Center."  Ha. He does not have a degree in psychology, animal husbandry, or anything.  Then, L.A. douchebag groupthink shines through.  The list of celebs who used him (one refers or copies another celeb) is lengthy.  Remember when celebs were snapping up Priuses, almost as if to make a statement? About 40% of my music collection consists of African-American artists. I  notice this as I surf Bluetooth. Some of my friends joke that I was Black in a previous life.  Come on.  Some white artists - even hard rockers - are more starched than many Black artists ... smooth, earthy, sassy, passionate, gravelly, and/or powerful ... that's what I like in music and they put out some great musical tracks.   Happy Friday.
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      I so want to travel to Korea and just food binge on street food. Korean TRADITIONAL Market Street Food Tour in Seoul | Watch
    • G. David Felt
      Random Thoughts Thread

      By G. David Felt · Posted

      This is way too funny, I have to say the Circus next year is going to be amazing to watch. ‘President Musk’ talk infuriates Trump officials amid spending bill negotiations   I like cheesy pasta, and this makes a dish easy to make. The only think I would do differently is dice up the garlic and onions more, so they blend into the pasta better and use a variety of cheeses, like Mozzarella and Smokey Gouda plus the parmesan. The pasta recipe we all need in our life | Watch

  • Who's Online (See full list)

    • There are no registered users currently online

  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

I've whitelisted
Continue without support

Write what you are looking for and press enter or click the search icon to begin your search