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Comments
An outright buy makes more sense but VW won't have the financing now.
From today's hearing, "EPA reiterates that VW diesel vehicles don't comply with federal or CA emissions regulations right now."
Sounds like there's a federal violation and for those states who don't do it themselves like California, my guess is that they adopt the federal regs for any state clean air laws.
"It's not about the NOx".
Our trees have much worse enemies than NOx. Not even sure it would not help kill some of the evil critters wiping out our tree population. Our trees did much better with lots of smog.
Gold Spotted Oak Borer wiping out native Coastal Live Oaks(Quercus agrifolia) by the tens of thousands throughout SD county?
The Pines and Eucalyptus are being decimated by beetles. The county mandates trimming to avoid lines and the beetles go right into the opening for lunch.
http://www.sandiegoreader.com/news/2014/dec/09/stringers-torrey-pines-infested-100-trees-doomed/#
And our Oleanders are all dying off by a bacteria called leaf scorch.
http://www.ipm.ucdavis.edu/PMG/PESTNOTES/pn7480.html
NOx may be a lesser enemy thanks to acid rain regs passed in 1990. And yeah, more needs to be done to clean it up.
VW could be like FCA - continue the Chattanooga Passat and finish the new line there and built luxury SUVs. Let the American SUV buyers keep the rest of the company afloat until they get beyond DieselGate. Unfortunately they don't have an iconic vehicle like the Jeep to build on.
The Touareg TDI will blow the sox off anything Jeep builds. I don't recall Jeep ever winning any real prestigious races like Dakar. And the 2011 Touareg TDI holds the long distance record from tip of So America to Prudhoe Bay AK. 16,000 miles in 11 days 17 hours.
If you mean they don't have a cheap SUV like the Toyota or Honda, you are right. Then they are strictly foo foo street vehicles that are easy for the Baby Boomers to get in and out of. The Touareg did beat out all the competition from Jeep, MB, BMW and Porsche.
http://www.caranddriver.com/comparisons/2014-jeep-grand-cherokee-summit-ecodiesel-4x4-vs-2013-volkswagen-touareg-tdi-2013-mercedes-benz-ml350-bluetec-4matic-2013-porsche-cayenne-diesel-2013-bmw-x5-xdrive35d-final-scoring-performance-data-and-complete-specs-page-7
VW's icon is still the Beetle.
http://www.autonews.com/article/20151009/OEM06/151009796/vw-diesels-with-operative-emissions-gear-are-slower-and-thirstier
Makes even less sense why VW made such a stupid move.
http://www.autonews.com/article/20151013/COPY01/310139970/vw-will-cut-spending-by-1-billion-launch-all-electric-phaeton-in-ev
Volkswagen Loses Another Top Manager in Wake of Diesel Scandal (Bloomberg)
Then they can start playing Toyota-Tupelo in soccer, lol.
And who is Ms. McQuade? She's the aggressive prosecutor who just grabbed a hunk of the VW mess for her office to litigate.
U.S. Pursues Several Paths in Volkswagen Probe (WSJ - may be a registration link)
If the impact on sales is going to be serious, the data for October is likely to show a deeper hit."
Volkswagen Sales Start To Feel The Impact Of Diesel Scandal (Forbes)
Went to a small, three couple dinner party last night and one of the spouses had not heard anything about DieselGate.
"In this year of booming auto sales, no automaker should be relieved to see flat year-over-year performance, but this may be the best that Volkswagen can hope for this month," says Edmunds.com Senior Analyst Jessica Caldwell. "Until VW starts down a road to recovery by informing owners of a specific fix to their diesel vehicles, the company is likely to make far fewer sales than this surging market would otherwise deliver to them."
Auto Sales to Enjoy Best October Since 2001, Forecasts Edmunds.com
http://www.autonews.com/article/20151026/COPY01/310269934/toyota-retakes-global-sales-lead-as-vw-deals-with-scandal
Toyota published figures on Monday that showed it sold more vehicles in the first nine months of 2015 than Volkswagen, retaking the No. 1 position. Only three months earlier, Volkswagen had surpassed Toyota for the first time and, however briefly, realized a long-held dream to become the world’s biggest automaker."
Even Before Diesel Scandal Bites, VW Loses Its Sales Crown (NY Times)
http://www.nytimes.com/2015/10/28/insider/the-times-greeted-hitlers-volkswagen-skeptically.html?_r=0
http://www.autonews.com/article/20151028/OEM/310289903/toyotas-take-on-vw-scandal-avoid-fixation-on-being-the-biggest
History Points To A Light At The End Of The Tunnel For Volkswagen (Forbes)
In November 2012, Hyundai and Kia admitted that they overstated the fuel economy of about one million 2011-2013 model year vehicles sold in the U.S. The companies ultimately paid over $300 million in settlements to the federal government.
How was the Federal government harmed? How about the poor schmucks that bought the cars expecting better Mileage?
Of course we all know the families of those killed by the GM faulty switches prior to the bankruptcy all got the royal shaft. That to me would be far more reason to never buy a GM than this fiasco with the VW emissions.
http://www.autonews.com/article/20151029/OEM/310299968/vw-to-shift-focus-to-profits-over-volume-mueller-says
VW failed to grow its business at a time when its competitors, such as Ford, GM, and Toyota, experienced double-digit growth."
Volkswagen is just barely staying afloat in the US auto market (businessinsider.com)
PS
Prius is down 11.2% YTD
Citing company sources, the Suddeutsche Zeitung said Volkswagen believes the investigators want to prevent the manager from evading questioning or criminal prosecution linked to the diesel emissions scandal.
A spokesman for VW said: "Volkswagen employees are still travelling to the United States. Everything else is speculation."
VW managers afraid to travel to the U.S. - paper (Reuters)
I saw this on the news last night in Germany - it's a thing for speculation anyway. But guilty or not, the US doesn't usually hunt down people with money or corporate connections.
If this turns out to be true, then most definitely VW bet on the wrong horse, Toyota bet on the right one, and GM spread their bets on win, place and show.