VW Faces $17B Fine for Emissions Scam

The VW dealer down the road from where I work is under new ownership. From what I heard, they went belly up after 6 years and VW took them over.

 

Source: The largest auto-scandal settlement in U.S. history was just approved. Up to $10 billion in VW buybacks starts soon - LA Times

Now the sales feeding-frenzy begins. Poor time for other buyers.

Bob Wilson

 

Seems like this would be a perfect opportunity for some manufacturer to swoop in & pick up a lot of disillusioned uber sporty - stylish, uber high efficiency auto buying customers. Hmmmm - if only there were such a manufacturer . . .

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That's how I got here. I just jumped the gun a little bit so I wouldn't run up the mileage on the TDi before turning it back in for the settlement.

 

It's why the new 1.6 diesel is available in the Cruze, sedan and hatchbac, ans will be an option in the redesigned Equinox.

 

Audi geting out of LeMans with their TDI hybrid, and focusing on Formula E:
Audi with new motorsport strategy: Formula E instead of WEC | Audi MediaCenter

Sad to see them leave with developed car for 2017 season, Toyota will have easier job wining LeMans, not saying they will

 

Ironically, after spending a ton of money in Formula One, Toyota pulled out because they just couldn't cut the mustard against other manufacturer's teams. The best season they ever did before quitting was 2nd place overall. The Mercedes hybrid team rules the world - for now.
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Just for the record ,and not really that relevant, but German Deutsche Bank is the banking equivalent of VW. They have been fined $14 Billion for their involvement in the 2008 crash ,which they are trying to weasel out of .Coming to a head soon and may bring down the world stock market and economy because it turns out they have $70 trillion in unsupported derivatives.
Who knew ?
Too big to fail all over again.

 

never liked deutsche. had some dealings with their american arm a few years back. a bunch of serious racists, they were scary and not ashamed of it.

 

Hyundai targets VW diesel buyback owners with special prices

 

Hubris: Germans are coming for Tesla, German paper says, so now it's 'interesting'

We recall the days when we were told by a Volkswagen executive that if U.S. consumers were smarter, they'd stop buying silly Toyota Prius hybrids that were no fun to drive and switch to that company's clean-diesel offerings.​

Schadenfreude,
Bob Wilson

 

makes me want to buy a tesla. germans have an interesting culture.

 

I'm having a post #1623 de javu

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I am no fan of Consumer Reports engineering but they have writing skills:

Source: Volkswagen Diesel Owners: What's Next? - Consumer Reports

People Who Want Their Cars Bought Back
This group is the biggest winner. People who want to sell their diesels to VW get restitution payments, plus the NADA clean trade-in value (the pricing reference used by most dealers) from Sept. 18, 2015—before the scandal broke. (You can find a table here giving a range of estimated settlement amounts.)

People Who Have a Lease
The settlement generally treats this group like the buyback group, with dealers agreeing to take the cars back and terminate the leases. The cash payments will be about half of what VW owners get. (Again, there’s a table for this.)

People Who Want Their Cars Fixed
Some people may still like the cars they originally picked out, so they’ll want to get them fixed. People in this group will have to wait a little longer to learn the details, and how much any recall repair will affect fuel economy and performance. That’s the biggest fear among VW enthusiasts—that the fun-to-drive VWs will drink more fuel and lose some of their acceleration.

People Who Don’t Think the Settlement is Generous Enough
They have the option of pursuing a lawsuit on their own. At this stage, it’s hard to see how they could get more than the government got in the settlement, but it’s within their rights to make their own challenge. But they'd be giving up VW's promise to buy back their cars and forgoing the $5,100 to $9,900 compensation payments.

People Who Want to Pretend This Never Happened
The government can’t force you to repair your car or have it bought back, or to sue Volkswagen for even more relief. But the choice to stand pat will come at a price—you’ll be foregoing the cash bonus and the sure deal of having your car bought back at its 2015 value, making up for a year’s worth of depreciation.​

Bob Wilson

 

in my mind, if you want to pretend there's nothing wrong with your car, it should be failed at the next test and mailed back to you as a paperweight. i do realize we still have some 'enlightened' states with no testing.

 

And for those that keep their car, the Sword of Damocles will still be hanging over their heads, the HPFP.

 

the sad side of this scandal is the way the EU handles it

 

Brexit may not be the end.

Bob Wilson

 

What I want to know is are you guys gonna take us over as another US state?¿?

 

sure, we can print some more money to help you out.