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Biggest forced manufacturing recall ever recorded in history. VW Group barely hangs on in Chapter 11 because the people for once decided not to accept scapegoat
by lowdose 7y ago
Biggest forced manufacturing recall ever recorded in history. VW Group barely hangs on in Chapter 11 because the people for once decided not to accept scapegoating some figureheads in a limited hangout.
- swamp40 7y agoYes, put them out of business. That will teach them.
- Lammy 7y agoIt will teach others. No need for the sarcasm.
- ddeck 7y ago>VW Group barely hangs on in Chapter 11 Not sure what you're referring to. Chapter 11 is a form of reorganization in bankruptcy in US law. Volkswagen AG (i.e. the VW Group) is an EUR85 billion German company that - despite the massive fines and recall - has been consistently profitable, with a small loss in 2015 due to the aforementioned issue and earned ~EUR12 billion in net profit last year.