oilhammer
Certified Volkswagen Nut & Vendor
VAG probably still has enough money to write a check for all of BMW.I agree...it's vw ownership & management's arrogance all the way........that actually blindsided them and like the vw employees, the customers are also in the hole.......I m not a grudge-holder type of guy but in vw's case.....they will pay dearly.
I think a good solution would be that BMW takes over vw and replace all the crooked management policies and culture.
Some people don't seem to realize just how big VAG really is. They were still able to finish 2015 in the #8 position of the Global 500 list. Right behind Toyota, the only other carmaker in the top 10.
This fiasco will certainly hurt them, but not nearly as much as people would think, and not for nearly as long. GM survived worse. Chrysler has been bankrupted, bailed, bankrupted, bought out, bankrupted, bought out, and they are still around.
Volkswagen could sell off one of their many brands if they need even more money. I am pretty sure some wealthy Indian or Chinese or even Saudi investors would gladly buy Lamborghini or Scania or Ducati.
When Ford needed cash, they sold Volvo, Jaguar, Rover.
I do feel the longer this plays out, the worse it will get, but you have to realize the scope of what is being asked of them to do. You cannot wave a magic wand and *fix* the cars in question, and despite what a lot of people think I do not think the EPA is simply going to force a buyback unless that is the ultimate outcome of the negotiations in which the cars either cannot be fixed in a cost effective manner or some sort of grandfathered in waiver is granted.
Nobody is taking mine, I'm sure of that. I'll buy a totaled 2006 and swap VIN tags if I have to. But it won't come to that. The gov't is not going to force the owners to give up their cars, because that would punish them for something they didn't do.