antivw

4 ms·

1. 1.▲
   by antivw 10y ago

   Fair enough. 590K diesel vehicles is a niche of the US market that's almost invisible. So have VW purchase back every one of those cars at MSRP. It's an invisible amount anyway, right? The largest auto maker in the world could do
2. 2.▲
   by antivw 10y ago

   It is fundamentally different, because it targets equity, not operating capital. Fines can be mitigated by raising prices so that equity-holders shift pain to consumers. Stripping equity on the other hand means that you change who profits f
3. 3.▲
   by antivw 10y ago

   GM should have been allowed to fail. Because, of course, no sensible capitalist would have stood by and watched all those assests disappear. Toyota would have bought a factory here, Nissan a factory there. Robots would have been sold off, e
4. 4.▲
   by antivw 10y ago

   That link says that VW agreed to pay $2.8 billion in fines for defrauding 590,000 car owners and cheating on emissions tests. $2.8 billion/590K vehicles < $5K/vehicle. That's a good start on fines. Now make them reimburse