Volkswagen Executive Arrested on Conspiracy Charges http://my.xfinity.com/video/volkswa...t?cid=featuredfinance_sf_vwarrest&tab=Finance
This goes on and on--from shitty brakes on the Citation to the accelerator pedals on the Japanese models. Maybe all car makers are crooks until proven otherwise. I don't care what happens to any of them. I don't ever touch their stocks. And what we are talking about here are only the things that have been discovered. Yes, I know lots of other businesses cheat, but they do not necessarily do impose their cheating on an item I have to have and that constitutes my most dangerous activity every day (except for posting on ET).
Cheating is one thing, but being so greedy so as to cheat and endanger people's lives by cheating? I don't understand that. I truly don't.
VW managers warned to stay in Germany as U.S. charges near Volkswagen Group's top executives may find it risky to leave Germany as U.S. prosecutors prepare to charge more company officials. Oliver Schmidt, a VW executive, wasarrested in Miamias he was returning to Germany from vacation and faces charges of misleading regulators about the automaker's diesel-emissions cheating devices. Prosecutors are preparing to charge more high-level German-based executives in the case, a person familiar with the matter said.(Automotive News)
Volkswagen execs, staff indicted by S. Korea prosecutors South Korean prosecutors indicted seven current and former executives and employees of Volkswagen Group's local unit, as well as one contractor, for alleged violation of theClean Air Conservation Actand other charges, the prosecutors' office said. Those indicted include a current executive at Audi Volkswagen Korea, Johannes Thammer, as well as former executives of the Korean unit, Trevor Hill and Park Dong-hoon(Automotive News)
AP Sources: US to allege Fiat Chrysler cheated on emissions 16 Mins Ago The Associated Press DETROIT (AP) — The U.S. government is accusing Fiat Chrysler of violating the Clean Air Act on some of its diesel engines, according to two people briefed on the case. The Environmental Protection Agency has scheduled a news conference for Thursday morning to release details and make an announcement regarding a "major automaker." The EPA will issue a notice of violation to Fiat Chrysler, but it wasn't clear exactly what the agency was alleging, said the people, who asked not to be identified because the formal announcement hasn't been made. The announcement comes one day after Fiat competitor Volkswagen pleaded guilty in federal court to criminal charges related to widespread cheating involving emissions tests with its "Clean Diesel" line of vehicles. Six high-ranking VW executives have been charged in the scandal. VW agreed to pay a record$4.3 billion penalty for cheating on emissions tests. Fiat Chrysler owns Dodge, Jeep and Ram Trucks, among other global brands. It offers diesel engines as an option on its best-selling Ram pickup and popular Jeep Grand Cherokee as well as other models.
Hey check this out. Pretty cool. The Boomers will buy em out of nostalgia (and guilt for 50 years of selfish fossil fuel burning destruction of the atmosphere)....and the Millenials will buy them to be uber-hip. Lots of room will make for an ideal in town delivery vehicle version too. Smart marketing on VW's part. https://www.theverge.com/2017/8/19/...icrobus-i-d-buzz-concept-production-nostalgia