Volkswagen Group Massive Emissions Fraud Scheme

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GRA said:
Seeing as how Ford was mentioned, their history isn't particularly clean either, if not rising to VW's level.
Yes, you beat me to it. Henry Ford was a Nazi sympathizer, being virulently anti-semitic, in the run-up to WW II.

Regardless of the legal settlement cost, does anyone really believe that the German government will allow VW to fail?
 
dgpcolorado said:
GRA said:
Seeing as how Ford was mentioned, their history isn't particularly clean either, if not rising to VW's level.
Yes, you beat me to it. Henry Ford was a Nazi sympathizer, being virulently anti-semitic, in the run-up to WW II.

Regardless of the legal settlement cost, does anyone really believe that the German government will allow VW to fail?
VW used slave labor until it was 'ready' for the gas chamber ... and then they got more from the Nazis.
How does Ford rise to that level ?
 
LeftieBiker said:
I think that the poster meant that Ford did not rise to the level of the Nazis. English can be a PITA because of ambiguities.
Yup. It would have been clearer if I'd worded it "although (or albeit or but) not rising to VW's level." OTOH, Harry Bennett and Ford's "Service department" would have fit right in with the Brownshirts and the Gestapo: https://en.wikipedia.org/wiki/Harry_Bennett
 
LeftieBiker said:
I think that the poster meant that Ford did not rise to the level of the Nazis. English can be a PITA because of ambiguities.
.
I know, but it is way past idiotic to suggest any type of comparison between Ford the anti-semite and Ford the Nazi sympathizer to VW the mass murderer and VW the slavery merchant.

Take it from a Jew: there is a world of difference between the hate-ridden words of a scumbag and the mass murder actions of a corporate evil.
 
GCC:
VW AG to pay C$196.5M fine in Canada in Dieselgate aftermath
https://www.greencarcongress.com/2020/01/20200123-vwcanada.html


In the Ontario Court of Justice, Volkswagen AG was ordered to pay an unprecedented C$196.5 million fine after pleading guilty to 60 charges for offenses under federal environmental legislation.

Volkswagen AG pleaded guilty to 58 counts of contravening section 154 of the Canadian Environmental Protection Act, 1999 by unlawfully importing into Canada vehicles that do not conform to prescribed vehicle emissions standards, which is an offence under paragraph 272(1)(a) of the Act. The company also pleaded guilty to two counts of providing misleading information, an offence under paragraph 272(1)(k) of the Act. The fine will be directed to the Government of Canada’s Environmental Damages Fund. . . .
 
ABG:
Volkswagen offers 830 million euros to compensate German buyers
The offer comes despite a breakdown in talks with German consumer association VZBV
https://www.autoblog.com/2020/02/15/volkswagen-german-diesel-settlement/


. . . "The failure of settlement talks with Consumer Association VZBV should not come at the expense of customers," VW said in a statement, adding that all customers who had registered for compensation with VZBV would be eligible for the settlement.

VW said it had declined to reach a settlement with VZBV, blaming excessive demands for 50 million euros in fees by lawyers representing the consumer organizations.

VZBV said talks had failed because the carmaker had not guaranteed a system of redress which was adequate for consumers, adding it would continue to press for a settlement on VZBV terms through German courts.
 
ABG:
VW proposes 35% dividend increase, settles class action emissions lawsuit
Volkswagen said its full-year operating profit rose 22%
https://www.autoblog.com/2020/02/28/vw-profit-dividend-class-action-settlement/


Volkswagen Group said its full-year operating profit rose 22% to 16.9 billion euros ($18.5 billion) thanks to strong sales of higher-margin cars and lower diesel charges, defying an industry downturn that has cut the earnings of rivals.

Volkswagen is in the midst of ramping up sales of sports utility vehicles, which command better profits than ordinary cars, to 40% of passenger car sales from below 25% in 2018, while diesel related fines and settlements fell to $2.54 billion, down from $3.53 billion a year earlier. . . .

VW predicted vehicle deliveries this year would be stable at 2019 levels despite a declining market.

"The paring back of diesel charges is positive but I am skeptical that they can keep their outlook given the dip in China sales thanks to corona," Nord LB analyst Frank Schwope said.

Group vehicle deliveries rose 1.3% to 12.12 million last year, thanks to gains in Europe and south America as sales in Asia and the United States fell amid trade tensions.

The Wolfsburg-based company said market share rose in almost all regions, resulting in the rise in operating profit to $18.66 billion, which was up from $15.35 billion in 2018.

In terms of the operating profit for the group and the passenger cars division, VW forecast an operating return on sales in the range of 6.5% to 7.5% in 2020, but said this depended on external factors such as the geopolitical climate and the coronavirus outbreak. . . .

Also on Friday, Volkswagen and a major German consumer group said that they had reached an 830 million euro $916.65 million agreement in a class action lawsuit over the carmaker's rigging of diesel emissions tests.

The deal marks a further step in the German carmaker's efforts to make amends after it admitted in 2015 to using illegal software to cheat U.S. diesel engine tests.

The effort has cost Volkswagen more than $30 billion in vehicle refits, fines and provisions.

In the deal announced Friday, the $917 million will be divided among about 260,000 members of the class action. The exact amount depends on the age and model of the owner's car. . . .
 
ABG:
VW ends latest Dieselgate case against CEO, board chairman with $10 million settlement
The scandal has cost Volkswagen $34 billion


https://www.autoblog.com/2020/05/20/vw-latest-dieselgate-settlement/

. . . The company said “it is in the best interest of the company for the proceedings to be terminated” and that it would indemnify Diess and Poetsch with respect to paying a fine of 4.5 million euros each. . . .


Oh, those wacky Germans. Let's see, they're personally guilty, but the company will pay their fine for them on top of all the other fines the company's had to pay for corporate malfeasance. Right, let that serve as a lesson to any exec who might consider knowingly violating the law in future. The horror - they'll be quaking in their designer shoes: "You clipped my nail too close and pinched a little skin. I'm going to punish myself by leaving you a smaller tip!"
 
U.S. consumers received $9.8 billion in Volkswagen diesel settlements
https://www.cnbc.com/2020/07/27/us-consumers-received-9point8-billion-in-volkswagen-diesel-settlements.html
 
GRA said:
Related, via ABG:
U.S. judge rules Mercedes owners diesel emissions lawsuit can proceed
Lawyer contends Daimler and Bosch 'tried to scam consumers'
https://www.autoblog.com/2019/02/04/us-mercedes-owners-diesel-emissions-lawsuit/

WASHINGTON — A federal judge allowed most claims against Daimler AG to move forward in a 2016 lawsuit by vehicle owners that claims the German automaker's Mercedes diesel vehicles used illegal software to emit excess emissions.

In a ruling late on Friday, Judge Jose Linares of U.S. District Court in New Jersey also said that claims against auto supplier Robert Bosch GmbH can proceed, rejecting a bid by the German companies to throw out the lawsuits. . . .
Daimler settles its emissions scandal lawsuit for nearly $3 billion
That's on top of the approximately $960 million fine the company paid in Europe last year.
https://www.engadget.com/daimler-us-settlement-235732416.html
 
cwerdna said:
GRA said:
Related, via ABG:
U.S. judge rules Mercedes owners diesel emissions lawsuit can proceed
Lawyer contends Daimler and Bosch 'tried to scam consumers'
https://www.autoblog.com/2019/02/04/us-mercedes-owners-diesel-emissions-lawsuit/

WASHINGTON — A federal judge allowed most claims against Daimler AG to move forward in a 2016 lawsuit by vehicle owners that claims the German automaker's Mercedes diesel vehicles used illegal software to emit excess emissions.

In a ruling late on Friday, Judge Jose Linares of U.S. District Court in New Jersey also said that claims against auto supplier Robert Bosch GmbH can proceed, rejecting a bid by the German companies to throw out the lawsuits. . . .
Daimler settles its emissions scandal lawsuit for nearly $3 billion
That's on top of the approximately $960 million fine the company paid in Europe last year.
https://www.engadget.com/daimler-us-settlement-235732416.html

250,000 cars involved? Wow, they got off cheap. Differences in administration stances? Looks like we got trumped again...
 
ABG:
Criminal charges dropped against VW chairman in exchange for fine
He was accused of failing to alert investors to Dieselgate


https://www.autoblog.com/2020/08/20/vw-chairman-charges-dropped-diesel-scandal/


Prosecutors in Stuttgart, Germany, have dropped a market manipulation probe against Volkswagen's chairman in exchange for a 1.5 million euros ($1.8 million) payment, parent company Porsche Automobil Holding SE said on Thursday.

Proceedings have been dropped against Chairman Hans Dieter Poetsch and Matthias Mueller, a former chief executive of Volkswagen, the Stuttgart prosecutor's office said. They were charged with failing to alert investors to VW's unfolding diesel emissions scandal in 2015. Other charges against Poetsch and current VW CEO Herbert Diess were dropped in May in exchange for a fine of 9 million euros ($10 million). . . .


I wonder if the company's also going to pay this fine for them.
 
goldbrick said:
It must be nice to be able to afford that kind of justice.
The smartest thing the company did was reach a settlement now, before the trump sewage is flushed.
 
Dieselgate: Former VW CEO Martin Winterkorn charged with market manipulation
A German court has ruled that Winterkorn must stand trial on a second set of "dieselgate" charges. Earlier this month the former VW CEO and four others were charged over their alleged roles in the emissions scandal.
https://www.dw.com/en/dieselgate-former-vw-ceo-martin-winterkorn-charged-with-market-manipulation/a-55043902
 
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