LoneWolf Posted September 22, 2015 Share #1 Posted September 22, 2015 As it dropped twenty percent today, and that's just the beginning after the news was released last week. They could be on the hook for an $18bn fine. not including recalls, lawsuits, and so on. Interesting reading.http://arstechnica.com/cars/2015/09/vws-dirty-mission-wheres-the-beginning-and-wheres-the-end/ Link to comment Share on other sites More sharing options...
Ralphie ★ Posted September 22, 2015 Share #2 Posted September 22, 2015 I probably do via mutual funds. Link to comment Share on other sites More sharing options...
BR46 Posted September 22, 2015 Share #3 Posted September 22, 2015 I always wondered when a company has to pay a fine that's in the millions. What happens to all the money? Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted September 22, 2015 Share #4 Posted September 22, 2015 It's good to be a government employee. Link to comment Share on other sites More sharing options...
FX_James_7.9 Posted September 22, 2015 Share #5 Posted September 22, 2015 do you get more money when stuff like this happens? Link to comment Share on other sites More sharing options...
FX_James_7.9 Posted September 28, 2015 Share #6 Posted September 28, 2015 sure am glad I don't have VW stock Link to comment Share on other sites More sharing options...
LoneWolf Posted September 28, 2015 Author Share #7 Posted September 28, 2015 I always wondered when a company has to pay a fine that's in the millions. What happens to all the money? I don't know. In this case, what happens when a company has to pay a fine that's in the billions? Link to comment Share on other sites More sharing options...
FX_James_7.9 Posted September 28, 2015 Share #8 Posted September 28, 2015 “There’s never been a better time to buy a car I don’t like.” Link to comment Share on other sites More sharing options...
team scooter Posted September 28, 2015 Share #9 Posted September 28, 2015 I think this whole VW diesel thing is hilarious. Last year one of our neighbors bought a new Jetta TDI diesel, and started asking us questions about our Mazda 3. How many miles to the gallon we get, how much we paid etc, etc. All questions he already knew because he considered getting a Mazda 3 first, but the salesman must have talked him into the VW instead. We both bought our cars from the same Mazda/VW dealership. Every once in a while he'd flag me down as I drove by just to ask my latest mpg. "Well we're getting 48 with our diesel and its even greener than your gas engine." Yada, yada. Last week I must have driven slowly past his house a dozen times while he was outside. And he avoided eye contact every time. Would I be a jerk if I just stopped by to remind him that he spent close to $8,000 more for his car and that the price of gas has been going down unlike the cost of diesel fuel? Maybe I'll just drive by coughing and waving my hand in front of my face like he had just rolled coal though the neighborhood. If it sounds too good to be true.... Greener my azz... Link to comment Share on other sites More sharing options...
LoneWolf Posted September 28, 2015 Author Share #10 Posted September 28, 2015 I think this whole VW diesel thing is hilarious. Last year one of our neighbors bought a new Jetta TDI diesel, and started asking us questions about our Mazda 3. How many miles to the gallon we get, how much we paid etc, etc. All questions he already knew because he considered getting a Mazda 3 first, but the salesman must have talked him into the VW instead. We both bought our cars from the same Mazda/VW dealership. Every once in a while he'd flag me down as I drove by just to ask my latest mpg. "Well we're getting 48 with our diesel and its even greener than your gas engine." Yada, yada. Last week I must have driven slowly past his house a dozen times while he was outside. And he avoided eye contact every time. Would I be a jerk if I just stopped by to remind him that he spent close to $8,000 more for his car and that the price of gas has been going down unlike the cost of diesel fuel? Maybe I'll just drive by coughing and waving my hand in front of my face like he had just rolled coal though the neighborhood. If it sounds too good to be true.... Greener my azz... Or go "Wow, the air smells like dirty french fries. Biodiesel?" Link to comment Share on other sites More sharing options...
goldendesign Posted September 28, 2015 Share #11 Posted September 28, 2015 Thankfully we never went for a diesel model but the wife has a jetta. What a pile of shit.I had an 87 that ran forever and the parts/labor were cheap. We buy here an 07 Wolfsburg and at first it's fine .10k in a wire in the steering column goes, not under warranty, that seems to control the entire electrical. $800Rear brakes at every 35k, since it's "progressive braking" the rears wear out faster. $650 each time Timing belt and pcv valve at 75k. $1200Shocks, upper control arms, wheel alignment and AC at 100k. $1650Finally at 115k valve body in transmission and front wheel bearings $2400 just last week.I would have told them to scrap the little shit but the last 2400 is cheaper than a years car payments on a new car and I only really need it to last till March 2017.Needless to say the wife is looking elsewhere for a car. Link to comment Share on other sites More sharing options...
FX_James_7.9 Posted September 28, 2015 Share #12 Posted September 28, 2015 most VW or European cars in general have owners who won't admit what piles of crap they are 1 Link to comment Share on other sites More sharing options...
Scrapr ★ Posted September 28, 2015 Share #13 Posted September 28, 2015 he, he, he Portlanders are now leaving notes on TDi cars. Passive aggressive of course But the Nazi word has come uphttp://www.kgw.com/story/news/local/2015/09/28/angry-note-posted-volkswagen-vehicles-parked-portland/72998098/ thankfully no mention of kayaktivists 1 Link to comment Share on other sites More sharing options...
sheep_herder ★ Posted September 28, 2015 Share #14 Posted September 28, 2015 I think this whole VW diesel thing is hilarious. Last year one of our neighbors bought a new Jetta TDI diesel, and started asking us questions about our Mazda 3. How many miles to the gallon we get, how much we paid etc, etc. All questions he already knew because he considered getting a Mazda 3 first, but the salesman must have talked him into the VW instead. We both bought our cars from the same Mazda/VW dealership. Every once in a while he'd flag me down as I drove by just to ask my latest mpg. "Well we're getting 48 with our diesel and its even greener than your gas engine." Yada, yada. Last week I must have driven slowly past his house a dozen times while he was outside. And he avoided eye contact every time. Would I be a jerk if I just stopped by to remind him that he spent close to $8,000 more for his car and that the price of gas has been going down unlike the cost of diesel fuel? Maybe I'll just drive by coughing and waving my hand in front of my face like he had just rolled coal though the neighborhood. If it sounds too good to be true.... Greener my azz... Price of diesel has been going down here, and it has been cheaper per gallon than gasoline for several weeks in our area. Link to comment Share on other sites More sharing options...
FX_James_7.9 Posted September 29, 2015 Share #15 Posted September 29, 2015 (edited) you'll lose any savings in fuel the first time you need it serviced. most people are bad at math Edited September 29, 2015 by FX_James_7.9 1 Link to comment Share on other sites More sharing options...
sheep_herder ★ Posted September 29, 2015 Share #16 Posted September 29, 2015 you'll lose any savings in fuel the first time you need it serviced. most people are bad at mathYou realize life is full of trade offs. Different stokes for different folks, and that does not make any of them right or wrong. Out of 5 moving vehicles at our place, 3 are diesels, and yes we own a 2009 Jetta Sportwagen. We drive all of our vehicles for many miles and expect some repair bills. Thankfully, we've not run into the problems that have plagued Goldendesign. Link to comment Share on other sites More sharing options...
team scooter Posted September 29, 2015 Share #17 Posted September 29, 2015 Price of diesel has been going down here, and it has been cheaper per gallon than gasoline for several weeks in our area. Diesel prices have been going down here too, but not as fast as regular. A quick check around me shows diesel still 5 to ten cents more per gallon. Not sure how VW will remedy this issue. Maybe mount a DEF system in the trunk? Its time for me to cash my VW stock in and invest in DEF fluids. Last time I checked, I paid $15 for a gallon of urea. For those unfamiliar with DEF fluid.... https://en.wikipedia.org/wiki/Diesel_exhaust_fluid Link to comment Share on other sites More sharing options...
Indy Posted September 29, 2015 Share #18 Posted September 29, 2015 My wife still loves her Touareg, but it's not a diesel and I do the work on it. I'm getting tired of re-engineering it. Have redone the headlight assembly as it was over designed and ended up breaking. Now I've completely rewired the stereo since it turns out if you do something silly like disconnect the battery, the amplifier in the rear blows an IC and you lose front speakers. So now she has a standard, custom stereo system. Link to comment Share on other sites More sharing options...
sheep_herder ★ Posted September 29, 2015 Share #19 Posted September 29, 2015 another article Link to comment Share on other sites More sharing options...
LoneWolf Posted September 29, 2015 Author Share #20 Posted September 29, 2015 Stock is now down by a third.Of course, the CEO resigned in the past few days, it is rumored that the CEO of Porsche will be taking the reins. Link to comment Share on other sites More sharing options...
sheep_herder ★ Posted September 29, 2015 Share #21 Posted September 29, 2015 Another article on the topic Link to comment Share on other sites More sharing options...
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