VW diesel cars fallout

[loner]

An aging football stadium in Michigan. A decrepit paper mill in Minnesota. A sun-bleached patch of desert in California


Under the terms of its landmark settlement with the US government, if 85% of the 500,000 cars VW promised to repurchase haven't been bought back or fixed by then, the company will face higher punitive payments.
Luckily for VW, the company says it has already repurchased 83% of these vehicles.
Volkswagen AG (VOWG_p.DE) has paid more than $7.4 billion to buy back about 350,000 U.S. diesel vehicles through mid-February, a recent court filing shows. The German automaker has been storing hundreds of thousands of vehicles around the United States for months.
In total, VW has agreed to spend more than $25 billion in the United States for claims from owners, environmental regulators, states and dealers and offered to buy back about 500,000 polluting U.S. vehicles. The buy backs will continue through the end of 2019.

The court filing said through Dec. 31 Volkswagen had reacquired 335,000 diesel vehicles, resold 13,000 and destroyed about 28,000 vehicles. As of the end of last year, VW was storing 294,000 vehicles around the country.
https://www.zerohedge.com/news/2018-04- ... iesel-cars
https://www.reuters.com/article/us-volk ... SKBN1H50GQ

[johnny comelately]

That illustrates the scale!
The matter shows the flaws of various global systems including the American legal system.
Where was the defence team? Mitigation must have been available.
It smacks of a backroom deal and another story for the media to keep the public happy (where they must be seen to be doing something about the devils )
As always thought VW weren't the only ones, now there is GM, Fiat Chrysler, Renault, Mazda, Mitsubishi etc etc all been found doing similar.

[NL_Fer]

So what now?

Convert them to clean, but powerless, unreliable diesels?

Remove and resell the engine in eastern Europe, middle east, Africa and convert these cars to electric/gasoline?

[simieski]

I’m sure it’s much better for the environment to scrap these vehicles and make a new vehicle to replace them

[Jolle]

That illustrates the scale!
The matter shows the flaws of various global systems including the American legal system.
Where was the defence team? Mitigation must have been available.
It smacks of a backroom deal and another story for the media to keep the public happy (where they must be seen to be doing something about the devils )
As always thought VW weren't the only ones, now there is GM, Fiat Chrysler, Renault, Mazda, Mitsubishi etc etc all been found doing similar.

There are many things wrong, but I don't think it's the legal systems fault this time. VW got caught and PR wise they just bent over and took all the punishment without fighting back. The fallout if they would have fought back could have been so severe that it would destroy VW.

[Tommy Cookers]

yes ......

there has been no US or EU rule stopping engines making more pollution outside the mandated test condition than inside it

VW admitted breaching the US catch-all rule that is viable regardless of measured pollution
no other makes are accused of breaching the catch-all and no other makes have breached the test measurements

now the one mandated test is being replaced by tests supposedly covering real driving - with a temporary waiver
this proves that the real criminals are the regulators and their political masters

btw similarly we dozy Brits pay taxes that have increased pollution by burning wood for heating and power generation

[roon]

Re: legal system. It enforces what it is able to. I would imagine the emissions of these VW cars would be dwarfed by fleet, trucking, agriculture, public transit, trains, custom/aftermarket diesels, and grandfathered hardware.

But since there are fewer/less stringent laws for these listed areas, no punitive action can be applied to them. A flaw in the systemics, then. The goal for law is not to affect the chemical composition of the atmosphere, neither locally nor globally, but to satisfy law's own documentation. Words and actions in a vacuum, multiplied a million times. Thus the effects of law are often detached from a cohesive physical, tangible manifestation. It seeks internal consistency ignoring the outside world, no different from religious or media canon. A solution may be to add a physics section to the bar exam.

[J.A.W.]

Well, it now appears that POTUS Trump is gonna 'put things right' - in this area, too!

[loner]

Well, it now appears that POTUS Trump is gonna 'put things right' - in this area, too!

The trade wars with China is also the perfect smokescreen for an economic crash
we’re near the end of the game and unfortunately, Trump’s gonna be the fall guy. This thing is all gonna collapse while he’s president.”
I am growing rather tired of the contingent of Trump apologists in the liberty movement scrambling to defend every single Trump action no matter how illogical. These people should know better. Sorry, butTrump is not “playing 4D chess” against the globalists. His primary actions have only served so far to create a useful distraction away from the globalists.
The disturbing key to all of this is the fact that many of Trump’s policies are things that I and many others have argued for in the past. The problem is, he is implementing them out of order and with bad timing, which will only make such policies appear destructive in the end, rather than constructive.
Trump is looking like he will be fall guy, and when the economy does crash; and it will, Trump won’t be able to do a whole lot to stop it – in fact, he will be seen as the cause. His policies are slightly dangerous, but he and his “ride or die” supporters won’t state the truth and just like the mainstream media, they will tow the line with no real blame from either side going to where it belongs: The Federal Reserve.

https://www.zerohedge.com/news/2018-04- ... umps-watch

[roon]

ZH is like the Guy McPherson of investment banking.

[loner]

ZH is like the Guy McPherson of investment banking.

you are right but you do miss the point .. ZH is just like many financial analyst predecting the big crash since 2 decades at least, it didn't happened but it will IT MUST HAPPENS why ? because the monetary system is baseless its fake
you can't print papers as fiat currency out of thin air for infinite because you have big guns.
THE ULTIMATE POWER IS ULTIMATE CORRUPTION.
so what is happening for decades now is like someone climbing a snow hill while kicking a snow ball upwards the more the snow ball go up the more it gains weight and go down to you again bigger and bigger untill you reach the point
you won't be able to kick it upwards anymore and it will take you down bury you under the hill eventually.
nothing lasts forever USA not the first empire in this world, every thing ends.
in 26th of march CHINA began its PETRO-YUAN new currency .. meantime TRUMP is just as if he is realy a trumpet but against his own nation the policy of RIDE OR DIE will cause the isolation of usa couple that with the growing desire of CHINA , RUSSIA and alot of the countries to get rid of the domination of the petrodollar and you will hear the drums.

[roon]

ZH is like the Guy McPherson of investment banking.

...the monetary system is baseless its fake
you can't print papers as fiat currency out of thin air for infinite because you have big guns.

All currency is symbolic. Gold is of little practical use to most people, as is the lower value metals within most coins, as well the fibers composing banknotes. Currency's value is in trust and security, which can be reified as a token using any material. Can't comment on your doomsday analysis. Trump is a nationalist, so it would make sense that the US would recede to influence within its own borders, as may also be desired by other strongly nationalistic states. Russia, China, NK, Venezuela, Libya, Iran, etc. None of this necessarily entails catastrophe.

[loner]

All currency is symbolic. Gold is of little practical use to most people, as is the lower value metals within most coins, as well the fibers composing banknotes. Currency's value is in trust and security, which can be reified as a token using any material.

what so trusty and secure about the petrodollar agreement ?!! it destroyed any real value for money and trade it directed the world into a catastrophic abyss.. the price ? blood and millions of innocent victims to force the matrix upon people.
ever wonder why a Bahraini own Mclaren why Emarati own Manchester city a Saudi own Citibank , lets not twisting facts here please.
LIKE A BOSS

[johnny comelately]

This article shows the scale of the problem by its motivation.
http://www.dw.com/en/germany-considerin ... a-43289589
To mitigate buyers loss of facility:
Is there a civil case to be mounted to compensate buyers by government as defendant based on purchase in good faith?
The governments cannot retrospect laws like they have in France without compensation, as they did not air any disclaimers at the time the vehicles were passed for national mandated rules.

Similar question can be asked could the union members pursue VW for any losses arising from their deceit that was (supposedly) unknown to the workers.
This has been averted by car companies change of tact towards alternative e-vehicles dispensing with the need for lay-offs.

[roon]

what so trusty and secure about the petrodollar agreement ?!!

Not particularly.

it destroyed any real value for money and trade it directed the world into a catastrophic abyss..

This being something that has already occured? Or something yet to occur?

the price ? blood and millions of innocent victims to force the matrix upon people.

How is this different from pre-existing global economics?

ever wonder why a Bahraini own Mclaren why Emarati own Manchester city a Saudi own Citibank , lets not twisting facts here please.

No twisting intended. Capital flows all over the world, from one place to another, regardless of borders and ethnicity. Nothing new.