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I expect at the least they are going to get hit with the maximum administrative fine, 37,500 per vehicle.
by zardo 11y ago
I expect at the least they are going to get hit with the maximum administrative fine, 37,500 per vehicle.
- McGlockenshire 11y agoThat maths out to somewhere in the ballpark of eighteen billion dollars. In 2012, the EPA issued $252 million in fines, total. Kia & Hyundai were fined $300 million total in 2014. I don't see them hitting VW with eighteen billion. e: Eh, that might not be so unreasonable after all. In 2012, VW made about $28 billion in profit on $250 billion of sales.
- CamperBob2 11y agoIf the cars can't pass smog testing without cheating, then they also need to be forced to buy each and every one of them back. $18 billion sounds reasonable to me. This needs to hurt.
- Asbostos 11y agoI'm sure the patch will allow them to pass the tests. It'll just reduce driving performance as well.
- DanielDent 11y agoLikely true; the problem with that is the owner ends up with a car with lower specs than they agreed to when they bought it. The owner of the car needs to be compensated.
- Shivetya 11y agoit would be an insane judgement seeing how little GM paid out for a defect they willfully hid that led to actual recorded deaths.
- justincormack 11y agoWhich is $18b, so not insignificant. There may also be action in Europe.
- kuschku 11y ago$18b would mean they’d still make profit out of this. And it’s not like only VW did this, every carmaker currently does this. It’s not going to change soon either.
- justincormack 11y agoNo, they dont make that much profit per car. It could usefully be a few times higher (punitive damages and criminal charges could do that though).