-Marco
SReg. #778 OGrp: #8 RGrp: #---
TLG Auto: Website
Searching for engine #907495 and gearbox 902/1 #229687
GM gets bailed out...
Toyota has there issues with cars won't shut off...
The whole airbag fiasco..
I personally think VW was threatening there position as the worlds largest car manufacturer. VW will survive and to think there's no chickens involved this time.
Tony Proasi
52 split window coupe
Some legacies will be tarnished, in spite of the manuvering of Piech and others... Bad news travels round the world while good news is still getting out of bed.
Bill Conway, Early S Registry member #254
1970 S, 2.2L Silvermetallic Coupe
1973 T, 3.2L Black Carrera Targa
1969 T, 2.4L Silvermetallic Targa
The only thing a Porsche or Piech family member fears is another family member....
http://www.spiegel.de/international/...-a-637243.html
Question: When any company is fined a gizzilion billion dollars by the US federal government, where does that money end up?
Jerry G
"Confidence is the feeling you
have before you fully understand
the situation."
depends on the law - this is EPA so maybe it goes to the Treasury? I'm sure they don't let the agency keep it.
BTW - NYTimes has an interesting article today - EPA can fine up to $37+k per day per violation; but when a safety issue directly kills people (instead of indirect health and env'l damages like with EPA) the fines are much lower
-- something to fix for NHTSA
Costs for lost class actions for false advertising and loss of resale value will be astronomical. Coming soon to your TV--ads for lawsuits against VW for all such losses and more. And VW deserves to lose every one.
1969 911S Targa
1970 911S Coupe
1973 911T w 3.2
1972 Alfa GTV 2000
I'm sure that VW Group is ring fencing all its assets (VW, Audi, SEAT, Skoda, Bentley, Bugatti, Lamborghini, Porsche, Ducati, VW Commercial, Scania, MAN) to limit the severe damage to Volkswagen cars... and I am sure that the authorities pursuing this case will be aware that to put the company out of business would be ruinous for many reasons... there will be sacrificial resignations, payment of some fines, endless apologies, and probably some jail time.
I am however intrigued by the timing... seems EPA were notified of the anomaly by someone on the inside... then they investigated... how long is it since Piëch walked?
Perhaps a case of revenge agains the people who stood against him?
Generally though, I think the value of the early cars should be unaffected by this debacle.
1966 911 Coupe - Slate Grey - 304598 - still in restoration!
Member #1616