This is untrue. Probably some asthmatics on the edge died who wouldn’t have died if VWs were cleaner.
In other words, Volkswagen deliberately and illegally allowed its cars to emit large amounts of a pollutant that sickens and kills people.
Love my Outback! She is older, 2003 but she runs great and I love to drive that car!!
Kat
I never like the vw cars so the answer is no, I think the stock might even go down more. Perhaps in the $5-$10 range., it might get swallowed by another car company. The brand has been damaged.
I stick with Ford.
Right now they’re in trouble only in the US, but potentially it’s a global disaster. They could be investigated in Germany for a criminal fraud case.
Bummer…my DH was looking a the TDI Deisel wagon. Guess they aren’t selling those now, right?
I bought the Sportwagon three years ago, but did not buy the diesel version. Interestingly, I get almost as good mileage with the conventional gasoline engine. I’d like to say I knew they were cheating, but of course my reasoning was more like–I still thought diesel was dirty because I hadn’t read up on it much, and I worried about not finding stations that sold it. Plus we got a phenomenal deal on the conventional version.
Of course, I’m angry about what they did, and I’m worried about them going out of business and having service problems.
That being said, I love my car–it gets great mileage, carries kayaks well, has lots of storage space, and runs and drives well. I love the dealer I take it do for service. But I’m very sad now that it came from that company.
I am with Garland, I have an affected VW, I still love it, but I am sad this happened. My local dealer is fantastic and I hope they do not suffer too much.
I have owned VWs as well as other cars and whilst i have heard about maintenance being expensive, I have seen pricey surprise maintenance on other cars, including an AC failure on a Toyota just a few miles beyond warranty.
I guess I am not disillusioned, I assume all these corporations are guilty of this type of behavior and don’t trust any of them, just like the kids drinking in HS, some get caught, some don’t.
I am with PizzaGirl, my first thought was to try to calculate the bottom and buy & hold stock.
Would you buy a Toyota after the sticking accelerator killed so many people (including an off-duty Highway Patrolman)? Toyota supposedly know about it and covered it up, rather than fixing the problem. Unfortunately, I think this VW incident will be forgotten fairly quickly.
I have a thing about lying, not so much of people making an honest mistake. I don’t think I could or would reward corporations that lie. I would discourage everyone I know from buying a VW.
I have never been a big fan of VW’s particularly, for a lot of reasons, there were quality issues at one point, and they also tend to be expensive with parts and such. From folks I know who have owned them, they said they had a lot of problems with the dealers as well, felt it wasn’t as good as they had with cars like toyota and honda.
That said, I doubt this is going to hurt VW in the long run, to be honest while people care about pollution, people also have a love/hate relationship with pollution laws, so it may not be a big deal, plus VW is part of a huge auto group. I suspect it won’t hurt them in the long run, they’ll take a financial hit, I am sure they will face a penalty as big or bigger than Toyota or GM did, but in the long run, they’ll be fine, this will be a blip.
It took Audi (part of VW group) 20 years or so to recover from the mid-80s unintended acceleration accusation and come back into the American market.
Just talked to DH. As much as he likes the TDI sport wagon…its off his list for now.
Eleven million cars. This affects eleven million cars. They knowingly put eleven million over-polluting cars on the road.
I have not looked at Toyota since the last incident and I have owned Toyota for years.
I was thinking of looking at an Audi as my next vehicle, but not likely now. I do recommend my Volvo SUV highly, if you’re willing to pay the price. I know they are more than Subarus. I’ve owned and really liked both.
Remember the Jeep Grand Cherokee unintended acceleration? That happened to me - I was in a parking lot, driving my sister’s Jeep, when it accelerated suddenly and I hit two cars. Thank god no one was injured. It was horrible because I absolutely knew I had just shifted into gear and had my foot on the brake. This was in the mid 90s. My kids were little and thankfully they were at home.
You could try it though I don’t know how well it will work. Do you expect the dealer to take a loss on the car?
The intentional extra pollution definitely killed people. The people responsible should be charged with murder or manslaughter as well as the other crimes. If the peanut exec who killed people with salmonella can go to jail for it, so should these people.
And kudos to ICCT for finding the study, WVU for carrying it out, and the EPA for refusing to let the polluting vehicles be sold in the U.S. That is what made VW confess.
@garland - I’m curious, what mileage are you getting? I have the same car as you, except I bought the diesel. Like you, I’ve been very happy with my car but now I’m angry; still, I’m not worried about them going out of business
I think the stock probably hasn’t hit bottom yet, and I believe their losses will greatly exceed the initial $7.3 billion they’ve set aside but, in the end, they’re too big to fail, both economically and politically.
I see this potentially costing as much as $8-10k/car ($100 billion total) to correct not including governmental penalties, which is mind boggling.