To put this is perspective on how bad this is for VW. They hired the same lawyers that BP did when they had their huge disaster.
The emissions that VW diesels was the worst thing you can breath, nitrogen oxide.
Info on the software they used to cheat and lie.
https://www.schneier.com/blog/archives/2015/09/volkswagen_and_.html
These liars and cheaters now have to boost sales to cover fiscal penalties.
http://www.reuters.com/article/2015/10/01/us-volkswagen-emissions-idUSKCN0RU15H20151001
I got a PM from TI 2 or 3 days ago that he wouldn't be able to post in a while. He asked me to post this link for him:
TI, if you can read this I'm sorry it took me so long to post it for ya, bud. I forgot about it.
http://www.wired.com/2015/10/vw-screwed-dealers/
More news, VW will not survive this.
Also they are facing btw $87-100 billion in fines and lawsuits.
Originally posted by Time-Immemorial
http://www.wired.com/2015/10/vw-screwed-dealers/More news, VW will not survive this.
Also they are facing btw $87-100 billion in fines and lawsuits.
They deserve to go under. I don't think they will and it will be a huge shame for people working in their factories, but this is what happens when capital owners don't realize they are supposed to be responsible with their resources.
police raid on VW headquarters:
http://money.cnn.com/2015/10/08/news/companies/volkswagen-scandal-police-raid/index.html
i should have been specific. i suppose in your action-film imagination the swat team rappelled down the VW building, crashed through the windows screaming "GET ON THE ****ING GROUND!!!!" (american police, of course), and handcuffed the CEO.
actually they knocked on the door with a warrant, walked in, grabbed the hard drives they were sent to get, thanked the VW execs for their cooperation, and left.
sorry. 🙁