VW facing 'tsunami' of legal trouble in emissions scandal
This is going to be monumental, and could cost them tens of billions of dollars. Say what you will about BP and the whole Deepwater Horizon deal. But the fact remains it was an accident.
Preventable perhaps, but an accident none the less.
VW's top brass had to deliberately gather, sit down, discuss and approve all of this. Money had to be allocated. Then someone had to engineer it, produce it, (the software), and they had to install and test it. How could they possibly think at some point in all of this, they wouldn't be caught? It's insane. Their Diesel's were among their best selling vehicles. God only knows when, or even IF they'll be able to sell them again.
This is going to hit them 3 fold. First off there will be $ BILLIONS in fines from the EPA, and God knows from who else. As this whole deal was a world wide conspiracy for them that lasted YEARS. Then, there is going to be a massive recall that will cost them millions, or possibly billions more. Then, there will for sure be a massive class action suit from angry customers who's cars will be failing emissions tests all over the world. Not to mention when they get them back, (assuming VW corrects them), they'll be p!ssed as hell because they'll perform like crap after the detuning. They'll win the law suit because they were so obviously deceived and defrauded.
No matter how you look at this, it has to go down as one of the most defining, Darwin moments in business history..... And they made a conscious decision to do it to themselves. Unbelievable.