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Re: Volkswagen
We have two of those cars that are affected (Audi A5 and VW CC, both with the same 2.0 liter diesel engine), and for the most part they are brilliant pieces of technology. However, given a choice, I'd never buy a diesel car again. We've known for years that they are more polluting than any other type of engine out there, and yet companies keep investing in the technology instead of focusing all their energy on modern electric, natural gas, hydrogen, ... technologies.
The funny thing is, there are 500 000 cars affected in the US (320 million people) while here in Belgium (12 million people) there are 400 000 cars affected... our government has been taxing gasoline cars for so long the fact that you buy a diesel car is the norm here. We also have the worst traffic jams of the western world, so you've got to wonder how much of an impact this has on our health and quality of life...
Re: Volkswagen
I wonder if this will bankrupt them...a lot of vehicles are being recalled...plus fines in the USA and Canada. ..I wonder if other countries tries will fine them as well
I also heard that other car companies will be evaluated as well
They are the largest passenger car manufacturer in the world, and the biggest employer in the German state (or is it province?) of Lower Saxony. Just like how the US bailed out Detroit a couple of years ago, there is no way that Germany will let VW/VAG go bankrupt. Also, consider that they have more than 1 billion US in positive free cashflow every year, and have already set aside 6 billion US for the initial cost of recalls and fines. They'll come out of this relatively unscathed I think, all things considered.
Having said that, countries all over Europe have already started (or stated they will start) investigations, I'm pretty sure they'll be facing fines in Europe as well.
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