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procon

(15,805 posts)
9. Is that large enough to precipitate a potential VW bankruptcy?
Wed Sep 23, 2015, 12:40 PM
Sep 2015

It's an exponential threat to the automaker from multiple fronts: starting with national and state governments, environmental agencies, all the businesses involved in shipping, promoting, selling and maintaining these cars, the auto shows, the independent groups that test and rate, and recommend cars, and the consumers.

Whatever the financial cost to VW, their reputation is ruined and it will be many years before they can repair the damage done to their brand.

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Is now the right time to buy shares? hit bottom yet? snooper2 Sep 2015 #1
Who knows how much this will end up costing them in fines and class action settlements. PoliticAverse Sep 2015 #3
I wouldn't touch any of the autos right now Angel Martin Sep 2015 #16
No.. okojo Sep 2015 #20
Dieselgate mahatmakanejeeves Sep 2015 #2
How did VW ever imagine their scheme wouldn't be found out? procon Sep 2015 #4
Apparently about 11 million cars are involved with possibly 10 million sold in Europe. PoliticAverse Sep 2015 #7
Is that large enough to precipitate a potential VW bankruptcy? procon Sep 2015 #9
Well they made about $14 billion profit worldwide last year and more than half their sales PoliticAverse Sep 2015 #13
Yes it's hard to believe that VW would pull something like this. Lychee2 Sep 2015 #12
This is only about their diesel engines. eggplant Sep 2015 #14
That limits the damage for sure. Lychee2 Sep 2015 #17
Even Condaleeza Rice could have seen this one coming. (n/t) thesquanderer Sep 2015 #5
+1000 NCjack Sep 2015 #10
"I accept responsibility but I'm not aware of doing anything wrong." rocktivity Sep 2015 #6
right Locrian Sep 2015 #8
How many millions in that parachute? Ruby the Liberal Sep 2015 #11
Different story if he was GM's CEO instead of VW's. Psephos Sep 2015 #15
+1 ... the trick is obviously to kill people rather than just cheat them ... (n/t) Nihil Sep 2015 #18
GM CEO fired a division head instead in 2013 Paulie Sep 2015 #19
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