There's clearly a financial aspect here for VAG group resulting from regulator fines, class action lawsuit provision, share price fall etc. The press suggests they've set aside $7bn but that may not turn out to be anywhere near enough. The political ramifications may be a lot bigger though.
Frankly this company has been allowed to grow too large, amass too many brands and too large a share of the market and it needs to be broken up. This sort of mass fraud done with the full knowledge and presumably instruction of the supervisory board means it is no longer credible as a company in its current form. There is little chance of that happening though whilst Germany holds so much power in the Eurozone.
This isn't the first VAG scandal in recent years either.
The question is...have other manufacturers done the same thing? Time will tell.
How do the VW/Audi etc owners amongst you feel knowing the company has lied to you and claimed their cars are cleaner than they actually are?
Frankly this company has been allowed to grow too large, amass too many brands and too large a share of the market and it needs to be broken up. This sort of mass fraud done with the full knowledge and presumably instruction of the supervisory board means it is no longer credible as a company in its current form. There is little chance of that happening though whilst Germany holds so much power in the Eurozone.
This isn't the first VAG scandal in recent years either.
The question is...have other manufacturers done the same thing? Time will tell.
How do the VW/Audi etc owners amongst you feel knowing the company has lied to you and claimed their cars are cleaner than they actually are?
