I didn't realize that many people died at the hand of GM.. That's :-(

 

it didn't have any automotive stocks so i bought into POAHF for the long term. Probably a 1 year hold for me.

 

well its not just about lying about mpg figures. MPG isn't what the gov't cares about. It's the carbon emissions. Diesel is already worse for the environment at "normal" levels. At the 40x level the VW's actually pollute, it is very bad for the environment and every living thing on the planet. Diesel emissions cause a ton of issues to human beings.

 

Not that I'm defending VW, but I think that 40x number is a bit alarmist. Emissions have been cut by around 30x repeatedly over the years and VW was making compliant cars at one point, it is just that this was the 'fix' for stricter US emissions, maybe so it could eventually catch up technologically in the medium term. I doubt VW figured it could do this forever; this probably started out as a short term fix for a year or two and then got extended.

It will be fined, and sued, for billions, but in a few years people will forget. From another thread here right now, how many people even open their engine bay? Who remembers GM's diesel fiasco from the 80s? The biggest loser here is going to be diesel tech, not VW.

 

Ummm, we're talking about diesel engines here and the 40x pollution figure is for NOx emissions. Not CO2. And indeed, unlike CO2, NOx ARE harmful to the Earth and those creatures living on it.

 

Ummm, we're talking about diesel engines here and the 40x pollution figure is for NOx emissions. Not CO2. And indeed, unlike CO2, NOx ARE harmful to the Earth and those creatures living on it.
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my bad, thats what i meant. wrote it quickly on vaca

 

Volkswagen can face civil penalties of $37,500 for each vehicle not in compliance with federal clean air rules. There are 482,000 four-cylinder VW and Audi diesel cars sold since 2008 involved in the allegations. If each car involved is found to be in noncompliance, the penalty could be $18 billion, an EPA official confirmed on the teleconference.


Its the fine that is going to hurt.

 

Damn. That is a lot of money.

 

VW announced that they have a plan ready to go to start 'fixing' affected vehicles, and that not all vehicles will need a fix as the software was not always turned on. Still, it is up to 11 million vehicles, with up to $18B in EPA damages alone. I think Toyota's brake recall was just over $1B in comparison.

 

Ummm, we're talking about diesel engines here and the 40x pollution figure is for NOx emissions. Not CO2. And indeed, unlike CO2, NOx ARE harmful to the Earth and those creatures living on it.
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my bad, thats what i meant. wrote it quickly on vaca

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No problem, enjoy your vacation!


Its worth noting that VW has also released ZERO details as to exactly what this fix is, or how they'll do it. If they simply set the software to run in "testing mode" permanently, they can expect to deal with some very expensive civil lawsuits, in addition to regulatory fines and penalties.