Some notes * The talk starts at about 00:15:00 into the video at the start of the link. The link starts at the end of the previous talk, with a bunch of dead

Some notes * The talk starts at about 00:15:00 into the video at the start of the link. The link starts at the end of the previous talk, with a bunch of dead space before the talk about VW. * lax testing procedures from govt certification engineers is as much to blame as VW. I'd like to understand more about this... * On the "ROCE" slide I thought of the [capitalist's dilemma](http://www.nytimes.com/2012/11/04/business/a-capitalists-dilemma-whoever-becomes-president.html?_r=0 http://www.nytimes.com/2012/11/04/business/a-capitalists-dil...). Market dynamics are pushing car makers to wring every last bit of money out of each car, which leads to odd dynamics. * The comparison between the US and Europe at about 45:00 is very interesting.