{"id":1143,"date":"2015-09-28T05:54:27","date_gmt":"2015-09-28T05:54:27","guid":{"rendered":"https:\/\/www.engines4sale.co.uk\/blog\/?p=1143"},"modified":"2019-04-01T10:08:13","modified_gmt":"2019-04-01T10:08:13","slug":"the-most-expensive-act-of-stupidity-in-the-history-of-the-car-industry","status":"publish","type":"post","link":"https:\/\/www.engines4sale.co.uk\/blog\/the-most-expensive-act-of-stupidity-in-the-history-of-the-car-industry\/","title":{"rendered":"The Most Expensive Act of Stupidity in the History of the Car Industry!"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-white ez-toc-container-direction\">\r\n<div class=\"ez-toc-title-container\">\r\n<p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\r\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\r\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.engines4sale.co.uk\/blog\/the-most-expensive-act-of-stupidity-in-the-history-of-the-car-industry\/#The_top_executives_of_Volkswagen_the_mightiest_car_manufacturer_company_call_for_the_emergency_meeting_to_deal_with_the_crisis\" >The top executives of Volkswagen, the mightiest car manufacturer company, call for the emergency meeting to deal with the crisis.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.engines4sale.co.uk\/blog\/the-most-expensive-act-of-stupidity-in-the-history-of-the-car-industry\/#Background_of_the_crisis_in_nutshell\" >Background of the crisis in nutshell<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.engines4sale.co.uk\/blog\/the-most-expensive-act-of-stupidity-in-the-history-of-the-car-industry\/#The_demand_of_legal_actions_against_VW_by_following_authorities\" >The demand of legal actions against VW by following authorities;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.engines4sale.co.uk\/blog\/the-most-expensive-act-of-stupidity-in-the-history-of-the-car-industry\/#Possible_outcome_in_the_US\" >Possible outcome in the US<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\r\n<h2><span class=\"ez-toc-section\" id=\"The_top_executives_of_Volkswagen_the_mightiest_car_manufacturer_company_call_for_the_emergency_meeting_to_deal_with_the_crisis\"><\/span>The top executives of Volkswagen, the mightiest car manufacturer company, call for the emergency meeting to deal with the crisis.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.engines4sale.co.uk\/blog\/category\/volkswagen\/\"><strong>The Volkswagen<\/strong><\/a> has manipulated emissions test of its diesel car in the US. And cheated the amount of pollutant coming from <a href=\"https:\/\/www.engines4sale.co.uk\/eng-make.asp?part=all-vw-engine\"><strong>VW diesel engines<\/strong><\/a>. The automotive critics say, the possible legal actions against VW in the US could cause huge financial loss to the company. However top executives are sitting together to deal with the situation, they made the apologetic move by taking the responsibility of the crisis. The chief executive Mr. Winterkorn said in a fresh apology, \u201cendlessly sorry\u201d for the manipulation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Background_of_the_crisis_in_nutshell\"><\/span>Background of the crisis in nutshell<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Deceived US regulators in exhaust emissions tests<\/li>\n<li>Installed a device to manipulate emission tests parameters<\/li>\n<li>11 million vehicles are affected worldwide<\/li>\n<li>Manipulating pollution data to boost sales<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"The_demand_of_legal_actions_against_VW_by_following_authorities\"><\/span>The demand of legal actions against VW by following authorities;<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The US <a href=\"https:\/\/en.wikipedia.org\/wiki\/United_States_Environmental_Protection_Agency\"><strong>Environmental Protection Agency<\/strong><\/a> (EPA)<\/li>\n<li>The California Air Resources Board<\/li>\n<li>The New York state\u2019s top lawyers demanded for investigation<\/li>\n<li>The news agency such as Bloomberg, AFP,<\/li>\n<li>The department of Justice<\/li>\n<li>EU-wide investigation into the affair, on demand of UK,\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Possible_outcome_in_the_US\"><\/span>Possible outcome in the US<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Possible criminal allegation against top executives at VW<\/li>\n<li>Possible huge financial loss for the company<\/li>\n<li>\u00a3 4.7 billion to cover the costs of damage<\/li>\n<li>$18bn Potential fines<\/li>\n<li>Recall half a million cars in the US<\/li>\n<li>Overall decline in global sales of cars<\/li>\n<li>Loss the support of key investors\n<\/li>\n<\/ul>\n<p>Cars and the environment are two things, most of the Germans are concerned about and it is like a \u201cnational character\u201d, it was a complete shock for the Germans to know, VW was rigging emissions tests for its diesel cars in the US, One of the automotive journalists argued.<\/p>\n<p>One of the leading German newspaper has used a beautiful analogy to describe this fraudulent dilemma, the newspaper wrote, \u201cIt\u2019s as if the British suddenly found out that the Queen had a hand in fixing the horse races at Ascot.<\/p>\n<p>The most shameful act of the car history, it has saddened the whole nation and stabbed in the back of its customers. It is even more than stupidity, when you play with the customers\u2019 expectations and trust, just to increase sales, how it sounds, when you pay a premium price for a green car and get a slap on your face in return. The company share prices have dropped down significantly in just two days after the story broke out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The top executives of Volkswagen, the mightiest car manufacturer company, call for the emergency meeting to deal with the crisis. The Volkswagen has manipulated emissions test of its diesel car in the US. And cheated the amount of pollutant coming from VW diesel engines. The automotive critics say, the possible legal actions against VW in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1144,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,145,29,65],"tags":[393,394,315],"_links":{"self":[{"href":"https:\/\/www.engines4sale.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1143"}],"collection":[{"href":"https:\/\/www.engines4sale.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.engines4sale.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.engines4sale.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.engines4sale.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=1143"}],"version-history":[{"count":5,"href":"https:\/\/www.engines4sale.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1143\/revisions"}],"predecessor-version":[{"id":2745,"href":"https:\/\/www.engines4sale.co.uk\/blog\/wp-json\/wp\/v2\/posts\/1143\/revisions\/2745"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.engines4sale.co.uk\/blog\/wp-json\/wp\/v2\/media\/1144"}],"wp:attachment":[{"href":"https:\/\/www.engines4sale.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=1143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.engines4sale.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=1143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.engines4sale.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=1143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}