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Volkswagen CEO warns of huge cuts over scandal: Employees warned of mass layoffs
WCYB.com ^ | October 6, 2015 | Mark Thompson

Posted on 10/06/2015 10:44:28 AM PDT by Timber Rattler

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Volkswagen said it would present a technical solution to regulators for approval shortly and inform affected customers in the coming days that their vehicles need a refit.

So what happens if affected owners refuse to get the refit that will hurt the performance of their vehicles???

1 posted on 10/06/2015 10:44:28 AM PDT by Timber Rattler
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To: Timber Rattler

Guess the UAW can quit worrying about that plant in Chattanooga, eh?


2 posted on 10/06/2015 10:46:13 AM PDT by Buckeye McFrog
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To: Timber Rattler
Volkswagen said it would present a technical solution to regulators for approval shortly and inform affected customers in the coming days that their vehicles need a refit.

So what happens if affected owners refuse to get the refit that will hurt the performance of their vehicles???

 

 

 

 

I suspect nanny states like California will refuse to allow them to pass inspection or get annual license registration. Normal states will leave it to the owner to decide if he wants to choke down his mpg's and reduce horsepower by half just to be in "compliance".One thing is for sure. This will KILL the resale market for VW's. By January, you should be able to pick up even a good gas powered VW for half of what they're selling for now. Diesels even cheaper.

3 posted on 10/06/2015 10:50:34 AM PDT by Responsibility2nd (With Great Freedom comes Great Responsibility)
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To: Timber Rattler
So what happens if affected owners refuse to get the refit that will hurt the performance of their vehicles???

I would imagine they will be barred from trading in or selling the vehicle until it has the refit.

Of course the refit is going to degrade the vehicles performance so much that the resale value is going to plummet anyway.

So, basically current owners are screwed no matter what.

4 posted on 10/06/2015 10:51:43 AM PDT by commish (The takers rule. Time to implement the triple G plan - GOD, GUNS, & GOLD)
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To: Buckeye McFrog
Obama and his ilk fault.

Are emissions unreasonable? I don't know enough about this to say for sure but I have my suspicions.

5 posted on 10/06/2015 10:52:35 AM PDT by Uversabound (Our Military past and present: Our Highest example of Brotherhood of Man & Doing God's Will)
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To: Timber Rattler

Making the employees suffer. The money should come from executive salaries.


6 posted on 10/06/2015 10:52:40 AM PDT by I want the USA back (Media: completely irresponsible. Complicit in the destruction of this country)
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To: Timber Rattler

The US Government is going to anally rape VW. They took on a calculated risk of fraud, and now they will pay.

There are plenty of US Government agencies and local governments who could use a top-up to their budgets, and plenty of government-sponsored enviro and leftist pressure groups who would love some walking-around money. Moreover, there are politicians, like Eric Schneiderman in NY, who would love to make their name prosecuting VW.

I’m guessing $15 billion, depending on how hard Merkel pushes back.


7 posted on 10/06/2015 10:53:06 AM PDT by PGR88
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To: Timber Rattler

so upper management purposely deceived everyone and broke the rules but now the employees must sweat massive layoffs??

if I’m a long time worker for VW i lead a revolt to make sure none of these CEO’s or board members get a dime in pension and have ALL the money matched in 401K’s, etc, revoked...


8 posted on 10/06/2015 10:54:15 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: Timber Rattler

#DieselLivesMatter


9 posted on 10/06/2015 10:54:27 AM PDT by 43north (BHO: 50% black, 50% white, 100% RED.)
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To: Uversabound

The REAL story is that Obama’s CAFE standards are forcing automotive engineers to operate on the outer limits of what is possible.

That and when you demonstrate to the people who regulate you that you are about a thousand times smarter than they are they REALLY get cheesed-off.


10 posted on 10/06/2015 10:55:04 AM PDT by Buckeye McFrog
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To: Timber Rattler

Does it really “hurt” the performance of their vehicles? If not, why not just leave the current cars alone and then assess stiff penalties if they don’t comply in the future.


11 posted on 10/06/2015 10:56:23 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: Responsibility2nd

That would be a great bargain.


12 posted on 10/06/2015 10:57:41 AM PDT by FreedomPoster (Islam delenda est)
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To: Timber Rattler
So what happens if affected owners refuse to get the refit that will hurt the performance of their vehicles???

Our car has to pass an emission test every year to update the registration. So if a VW can pass the test without the refit wouldn't that be OK?

13 posted on 10/06/2015 10:58:44 AM PDT by Menehune56 ("Let them hate so long as they fear" (Oderint Dum Metuant), Lucius Accius (170 BC - 86 BC))
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To: Timber Rattler

Some states are already seeing this as a bigger payday than the Tobacco settlements.


14 posted on 10/06/2015 10:59:08 AM PDT by tcrlaf (They told me it could never happen in America. And then it did....)
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To: God luvs America

Communist much? The employees where hired to do a job for which they were paid. I doubt that VW ever promised them lifetime employment.


15 posted on 10/06/2015 11:06:41 AM PDT by JoSixChip
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To: commish

Current owners will likely get a buyback option or a sum that compensates them for any lost resale value or performance loss as part of the class action. It’s impossible to say how favorable those settlements will be to the owners right now, but it’s entirely possible they will make out on the deal.


16 posted on 10/06/2015 11:08:31 AM PDT by Heavyrunner (Socialize this.)
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To: Timber Rattler

I wonder how much the deposed CEO’s golden parachute will be.


17 posted on 10/06/2015 11:09:11 AM PDT by Wolfie
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To: Heavyrunner
It’s impossible to say how favorable those settlements will be to the owners right now

True, but you can say it will be highly profitable for the lawyers and government.
18 posted on 10/06/2015 11:10:38 AM PDT by JoSixChip
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To: Uversabound

you are mixing two separate issues.

volkswagon cheated on test every other car maker has to pass too. they lied to every one of their customers. that is one problem.

the second problem is the epa and the emissions standards and regs, and how even though the car may release more than allowed, given its mpg its still probably cleaner per its efficiency over a gas engine that emits less crap but has poorer mpg. when this isnt factored in its idiotic.


19 posted on 10/06/2015 11:21:38 AM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: JoSixChip

LOL- yes; expecting people to take responsibility for their actions is the core of communism- clown


20 posted on 10/06/2015 11:28:17 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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