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Author Topic: VW sees billions wiped off market value after rigging claims  (Read 902 times)

RandallS

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VW sees billions wiped off market value after rigging claims
« on: September 21, 2015, 07:56:29 am »
"Volkswagen's market woes Monday  followed a weekend that saw the company's reputation for probity  seriously damaged by revelations from the Environmental Protection  Agency in the U.S. that it had skirted clean air rules. All told, the  EPA indicated that VW faces fines that could run up to more than $18  billion. The EPA said VW used a  device programmed to detect when the cars are undergoing official  emissions testing. The software device then turns off the emissions  controls during normal driving situations, allowing the cars to emit  more than the legal limit of pollutants."


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Randall
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sailor

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Re: VW sees billions wiped off market value after rigging claims
« Reply #1 on: September 22, 2015, 06:27:44 pm »
Quote from: RandallS;180218
"The software device then turns off the emissions  controls during normal driving situations, allowing the cars to emit  more than the legal limit of pollutants."


Read the Article

 
Ah, maybe not.  Apparently the law says when hooked up for emissions testing. 15 years ago that made sense - if the car passed when in the garage, it would pass on the street.  Now there is a chip that is designed to be tweaked on the fly, and VW did that. So there are no limits so long as it can pass in garage.

RandallS

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Re: VW sees billions wiped off market value after rigging claims
« Reply #2 on: September 24, 2015, 02:42:15 pm »
Quote from: RandallS;180218
"Volkswagen's market woes Monday  followed a weekend that saw the company's reputation for probity  seriously damaged by revelations from the Environmental Protection  Agency in the U.S. that it had skirted clean air rules.


It looks like they were doing the same with European regulations and Europe with be checking other car makers: Europe's carmakers caught up in VW storm
Randall
RetroRoleplaying [Blog]: Microlite74/75/78/81, BX Advanced, and Other Old School Tabletop RPGs
Microlite20: Lots of Rules Lite Tabletop RPGs -- Many Free

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