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

    David

    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:

    Link to comment
    Share on other sites
    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

  • Community Hive Community Hive

    Community Hive allows you to follow your favorite communities all in one place.

    Follow on Community Hive

  • Similar Content

  • Posts

    • regfootball
      Buick News: Next Generation 2025 Buick Enclave Finishes Out Buick's Refreshed Lineup

      By regfootball · Posted

      https://newparts.com/articles/gm-3-6-v6-problems-and-known-issues/   I thought this was somewhat interesting when reading about the history of the 3.6
    • Drew Dowdell
      Site Scavenger hunt

      By Drew Dowdell · Posted

      So we're all moved into the new server, but part of the process didn't fully work and I need your help to track some things down. The URLs for a number of pictures didn't update to their new locations.  Your job, when you spot one of these, is to use the Report Post/Article/Gallery button so I can fix it.  If we get a lot of these, I'll think up of some prize for the person with the most reports.  It can be missing emojis, missing pictures in threads, or missing pictures in an article.  The fix for most of these is super simple, but I need to crowdsource finding them. I'm leaving the 2025 Acura MDX  and 2025 Infiniti QX80 articles up as an example to look at. But you can also see it in this screenshot below, where it shows: 2025 Acura MDX Interior infotainment screen and dash Thanks for any help you can offer.  
    • Drew Dowdell
      Random Thoughts Thread

      By Drew Dowdell · Posted

      I would look at an Ohio chapter if you want to join.  You're probably too late for seed distribution this year, I got mine right around this time last year.  My membership is expired as it was paid for through my prior employer, but it is something I'd like to join again.
    • A Horse With No Name
      Random Thoughts Thread

      By A Horse With No Name · Posted

      Where did you get the seeds? From the chestnut preservation folks, or just a wild chestnut tree?   A woodworking freind of mine knew of a giant one on private land in Michigan about 30 years ago. I wonder what happened to that tree.  I want to try an electric rental.  Contacting them., thank you. 
    • Drew Dowdell
      Random Thoughts Thread

      By Drew Dowdell · Posted

      Once they get in the ground they will grow very rapidly until the blight gets them. These two seeds are from different, naturally blight resistant trees. They’ll be planted near each other in the hopes that their seeds will also be blight resistant and if I’m still here in 10 years and the blight hasn’t gotten them, I can share the seeds with others.    This was once the most populous tree in North America, numbering in the hundreds of millions, and the blight wiped it out in a matter of three decades. Now it is rare to see one more than 10 years old in the wild and the ones that are out there are protected and studied.  I believe there’s less than two dozen wild ones in PA now.

  • 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

Change privacy settings