Oh dear, Volkswagen.....

That cliff edge feeling.....


Yes, that's Volkswagen's share price. I was amused by the UBS advert. And just to rub salt in the wound, here is Carole King:


Anyway, Volkswagen is in deep, deep brown stuff. Here are links to my posts so far on this. I will add more as I write them.

1. The Car Manufacturers' Libor Scandal. Rigging emission tests will prove extremely expensive for Volkswagen. But I doubt if VW is the only vehicle manufacturer guilty of nefarious practices. I reckon it's an industry-wide disease not unlike the benchmark rate rigging scandals in banking.

2. Volkswagen's CEO has resigned, but that doesn't solve its problems. Volkswagen is too big too manage. Actually most global corporations are. And their CEOs are far too keen on avoiding blame. Not many do the decent thing and resign promptly, as VW's Winterkorn did. But was he told to by the Executive Committee?


Comments

  1. The engine management system is made by Bosch, which supplies many more vehicle manufacturers. It is software programmable. Smoke...fire...

    ReplyDelete
  2. Engine management system...ha ha ha .

    Imagine designing a engine that effectively runs flat out ALL OF THE TIME and is yet extremely efficient.
    Something to do with weight I imagine.

    Starts proper at 2.00 m.
    https://m.youtube.com/watch?v=5RPug82XrFU


    https://m.youtube.com/watch?v=5RPug82XrFU

    ReplyDelete
  3. FYI, I'm getting an error message for your second link, saying that Forbes can't find the page I'm trying to access.

    ReplyDelete
  4. I would say there is a lot more harm from this issue than with the Libor scandal. I await to see who in the industry knew what, and when.

    ReplyDelete

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