Soldato
VW shares are down c.20% this morning.
It does the entire test using the batteries! The CO2 and MPG figures are extrapolated using the formulas designed to grade EVs. The V8 never fires up during the whole EU test!
Are there any details yet on what exactly their cheat device does?
Yea.....
The ECU detects when its doing a test. It then adjusts the cars performance to reduce the Co2 on said test.
One thought that does occur. The potential $18Bn fine is surely just for their cars in the US.
Chances are that the "device" in question operates in other countries aswell.
If that's true, doesn't that mean that VW has been defrauding the UK chancellor, as that might directly impact upon the CO2 levels produced and thus the taxation that should be applied to UK sold cars?
Presumably if the recall results in substantially different performance then you'd be able to argue for a refund anyway. It's the US so there would be no shortage of lawyers ready to represent a class action.
Doesn't the current EU emissions test include idle for about a third of it? So cars with stop start have a massive advantage.
Reduce NOx I think, not CO2, it's the NOx limits that are really tight in California
...as such this would be irrelevant, as they're not manipulating the CO2 performance (or at least, any more so than everyone does by playing to the cycles in the first place)
Time to pick up some cheap VW shares?
Time to pick up some cheap VW shares?
Well depends on if they are about to just burn through $18bn+ in cash.
Also what will the German government find. They sell many more diesel vehicles in Europe than the USA.
Reputational damage is going to be huge. Will people in the US buy VW cars after this?