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EPA Says Diesel VWs Had Software That Allowed Them to Cheat Emissions Tests EPA Says Diesel VWs Had Software That Allowed Them to Cheat Emissions Tests Quote:
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Well someone's getting fired. Or jailed. |
So that makes me one of those coal-burning, environment-killing motherfuckers...:troll: |
Good thing Aircare is done. What would VW do? They'd have to remove the cheat, and then the cars will pass, but probably run like SHIT. |
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Similar to how Hyundai was cheating mileage claims, the cost for the fines are probably factored in and they decided that it was cheaper to pay the penalties. Nobody's going to jail. :rukidding: |
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According to US law today, EPA can fine VW around 18 billion USD if they choose to. If I were the head of EPA, I wouldn't want to go easy on this one; slap a fat ticket plus the cost of recalling all vehicles. |
The cost of recalling the vehicles is likely well under $100M considering no physical parts need to be replaced. EPA should lay the banhammer down. |
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482,000 * $2500 per recall = $1.2B I hope the EPA lays the hammer on them - GM got a $900M fine for ignition switches and I'd imagine the fine for this will be even higher. |
Jeezus, this is going to be a PR nightmare. |
Does anyone else wonder if this will somehow result in a class action lawsuit from the owners who cared about the environment? |
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Legal stance is based on misrepresentation of course, that misrepresentation could come about from any form of VW advertisements/literature. (Which would make the company liable, not the dealers) Damages, here are a few; - Resale values will be impacted - Additional repairs costs incurred in states where emissions testing is performed and owners had their cars fail which resulted in them buying new catalytic converters etc. - Owners paying more money for a diesel thinking it would result in lower environmental impact only to find its worse than the gasoline version they could have bought. Just googled it and... Hagens Berman Files National Lawsuit Against Volkswagen Group of America for Emissions-Cheating Software, Polluting Cars | Business Wire Its already started lol. |
Volkswagen Drops 23% After Admitting Diesel Emissions Cheat - Bloomberg Business Share price shortly after Dieselgate: http://i.imgur.com/3j2ic1G.png That's not gone well... |
I think the price of used TDIs on craigslist just went up... |
So let's assume they can "update/flash" the problem away. How does the new emissions friendly calibration impact MPG and power? They won't just be able to reduce emissions with calibration and not simultaneously impact other factors - if they could, there would have been no reason to be sneaky. So imagine you're an owner and your golf is 20% less fuel efficient after the emissions friendly calibration, you're pissed, and the company is now up shit creek for misrepresentation based on advertised MPG. Really curious to see how VW works with the EPA to address the issue while also avoiding having to payout a massive lawsuit to owners. 1/5th of market cap wiped out, the potential fine alone is a maximum of 20B, this doesn't include recall or lawsuit costs. |
Agreed. Also, if you owned a TDI, why would you bring your car in for the "fix" knowing that your car would have worse fuel economy and/or power? Only the biggest tree-hugging greenies are going to do that.... I read that in the US, 1/5 VW sold is TDI. Apparently it's even higher in Canada. This is going to hurt the company image, regardless of the fine they pay. |
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When i hear a story like that, I can't help but think someone did not get his hand greased as agreed and laid it all out for VW to bit the dust. To bad... reminds me of stories of sports athletes being doped, then x may years later "scandal! the athlete was doped" |
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Have a 2014 jetta tdi and a 2014 passat tdi in the family. will be interesting to see how this pans out |
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Here's the lawyer talking about the issue and the class-action suit: And the premium people paid for a TDI engine over a gas engine: Quote:
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11 million engines, this is bad. |
http://i.imgur.com/8zZUEuJ.png Share price down from $170 to $106 in two days. Not sure how much worse it's going to get for these guys. Re: 11 million engines. I'm not clear if they're saying that all 11 million have just the software cheat or that they have the cheat as well. It doesn't seem like it was necessary with the cars with the urea system. |
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