10-05-2015, 10:51 AM
I talked to my brother about it and he recommended to wait until they find out exactly what the fines and total financial fallout will be. They are saying the fines alone will eclipse the BP oil spill fines, plus all of the liability that exists (the lawyers scrambling to file class action suits against them) could get close to $100B. If you're gonna buy low it might make sense to wait for that...I doubt this will "kill" the company but there is a lot more financial impact to VW right now than just US EPA fines. I read even the IRS is investigating due to the ~$100M or so in tax breaks that were given for clean / energy efficient vehicles they sold in CA.
Posting in the banalist of threads since 2004
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks
2017 Mazda CX-5 GT AWD Premium
Past: 2016 GMC Canyon All Terrain Crew Cab / 2010 Jaguar XFR / 2012 Acura RDX AWD Tech / 2008 Cadillac CTS / 2007 Acura TL-S / 1966 5.0 HO Mustang Coupe
2001 Lexus IS300 / 2004 2.8L big turbo WRX STI / 2004 Subaru WRX / A couple of old trucks