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I believe VW have promised to replace everyones entire engines. I'm stupefied over how much this will cost, i've seen numbers around to 100B mark. Their market
by chubs 11y ago
I believe VW have promised to replace everyones entire engines. I'm stupefied over how much this will cost, i've seen numbers around to 100B mark. Their market cap is somewhere near half of that. Presumably they think it's better than the brand damage otherwise. I think it's fair to assume they'll go bankrupt over this.
- mineshaftgap 11y agoI seriously doubt Germany would let VW go bankrupt, the government owns twenty percent of the company and they are too big too fail.
- gnoway 11y agoDo you have a link for this? Replacing even 500k engines in the US is indeed stupefying.