The EPA has the power to levy fines, the DOJ is initiating a criminal investigation and has directed a recall. The affected vehicles will have significantly reduced performance once the proper emissions controls are applied. I think the class action liability is extremely high.
Also, I would assume that the bankruptcy rules in Germany are different than those of the US. Maybe Germany will have to have some kind of bailout for VW. I don't know, but I'm glad I'm not a shareholder right now - which is another group that will likely have a class action due to the company not abiding by its fiduciary duty.
The fact the this was a willful act will destroy any chance of leniency, I believe. The effects of this will reverberate for at least a decade.
2016 S Sapphire Blue w/ Agate - AS/PASM,PTV+, Suncoast SC, RS Spyders, Prem Pkg, Adaptive CC w/ PAS, LCA, LKA, 14-way Ventilation, Comfort Ltg, Carbon Steering Wheel, Hitch, Rear Painted Fascia, Black window trim, HD Radio -
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.