Rumorpile/As the Diesel Emits: Volkswagen To Meet With Banks For Short-Term Loans

Oh wow.

From World's Largest Automaker (more or less) to this in the space of a few months.

Unbelievable, really. How bad does Wolfsburg think this is gonna get that they don't even trust their cash reserves to hold?

Going to get much worse before it gets better. Plan on VW, Audi and Porsche to have money loosing quarters ahead.

Money-losing quarters? I foresee brand spinoffs.

And to think, it wasn't our regulatory agencies that actually caught wind of this.

VW was brought to the light by NGOs. 

And their restructuring in progress would actually make it simpler to spin off separate business units... with the 4 distinct holding companies each representing 2 or 3 of the VW Group's brands.

Who'd have have figured?

And because they're going to utilize more product/sales discounts and other goodwill shoring activities that hurt the bottom-line, it's going to definitely hurt their recovery.

This story is going to continue to unfold. I hope this burns a lesson into their organizational culture. And Winterkorn, he must be sweating bullets, as he's indirectly implicated, some of the people in the 'know' said that his outlandish targets forced the engineers to cheat. He LIED to shareholders first, even before the power-train engineers decided to use the cheat.

Have a feeling the ugly is not quite dead yet. They are going to get punished for a while.....people are not going to forget this...

And to think, it wasn't our regulatory agencies that actually caught wind of this.

 

VW was brought to the light by NGOs. 

 

And their restructuring in progress would actually make it simpler to spin off separate business units... with the 4 distinct holding companies each representing 2 or 3 of the VW Group's brands.

 

Who'd have have figured?

 

And because they're going to utilize more product/sales discounts and other goodwill shoring activities that hurt the bottom-line, it's going to definitely hurt their recovery.

 

 

This story is going to continue to unfold. I hope this burns a lesson into their organizational culture. And Winterkorn, he must be sweating bullets, as he's indirectly implicated, some of the people in the 'know' said that his outlandish targets forced the engineers to cheat. He LIED to shareholders first, even before the power-train engineers decided to use the cheat.

NGO's????????

Not sure what it stands for but I thought this came out by the universities that were trying to figure out how VW diesels did not need to use the same emission controls that everyone else is using?

 

And to think, it wasn't our regulatory agencies that actually caught wind of this.

 

VW was brought to the light by NGOs. 

 

And their restructuring in progress would actually make it simpler to spin off separate business units... with the 4 distinct holding companies each representing 2 or 3 of the VW Group's brands.

 

Who'd have have figured?

 

And because they're going to utilize more product/sales discounts and other goodwill shoring activities that hurt the bottom-line, it's going to definitely hurt their recovery.

 

 

This story is going to continue to unfold. I hope this burns a lesson into their organizational culture. And Winterkorn, he must be sweating bullets, as he's indirectly implicated, some of the people in the 'know' said that his outlandish targets forced the engineers to cheat. He LIED to shareholders first, even before the power-train engineers decided to use the cheat.

NGO's????????

 

Not sure what it stands for but I thought this came out by the universities that were trying to figure out how VW diesels did not need to use the same emission controls that everyone else is using?

 

NGOs - non government organizations. It was Universities in the U.S. and I believe some industry-affiliated organizations in Germany that first discovered this. The latter part I may be wrong, but alas, yes NGOs continue to show how slow our paid-for regulators are.

 

 

And to think, it wasn't our regulatory agencies that actually caught wind of this.

 

VW was brought to the light by NGOs. 

 

And their restructuring in progress would actually make it simpler to spin off separate business units... with the 4 distinct holding companies each representing 2 or 3 of the VW Group's brands.

 

Who'd have have figured?

 

And because they're going to utilize more product/sales discounts and other goodwill shoring activities that hurt the bottom-line, it's going to definitely hurt their recovery.

 

 

This story is going to continue to unfold. I hope this burns a lesson into their organizational culture. And Winterkorn, he must be sweating bullets, as he's indirectly implicated, some of the people in the 'know' said that his outlandish targets forced the engineers to cheat. He LIED to shareholders first, even before the power-train engineers decided to use the cheat.

NGO's????????

 

Not sure what it stands for but I thought this came out by the universities that were trying to figure out how VW diesels did not need to use the same emission controls that everyone else is using?

 

 

NGOs - non government organizations. It was Universities in the U.S. and I believe some industry-affiliated organizations in Germany that first discovered this. The latter part I may be wrong, but alas, yes NGOs continue to show how slow our paid-for regulators are.

 

Thanks for the clarification, I agree, the Gov organizations are slugs in comparison to the NGO's that seem to want to dig into why things do not add up.