The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Male-Penned Songs On Women By Madani
Today at 7:50 pm by Backstage

» CB Chief cracks whip!
Today at 7:47 pm by Backstage

» Dividend Announcement
Today at 7:06 pm by Backstage

» Sri Lanka introduces concessions to boost faltering growth
Today at 7:05 pm by Backstage

» New taxes hamper life insurance industry
Today at 7:03 pm by Backstage

» Carrom Game between Chamil Cooray & Sandeep Deorukhkar in ICF Cup 2015
Today at 5:18 pm by sashimaal

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Today at 11:28 am by Ethical Trader

» EPF/ETF සහ විදේශ ශ්‍රමිකයෝ: නව බදු පනත ගැන මේ කරුණු දන්නවාද?
Yesterday at 6:03 pm by Rana

» ගෙවල්..වාහන..විදුලිය..සියල්ලටම දැන් ණය වර්ග අටක්..
Yesterday at 4:12 am by nihal123

» විදුලි සංදේශ බද්ද ඉවතට - යතුරුපැදි බදු අඩුවෙයි
Thu Aug 17, 2017 8:09 pm by nihal123

» දෙවන කාර්තුවේ ඉහළ වර්ධනය සමඟින් කොමර්ෂල් බැංකුව තවත් ශක්තිමත් වෙයි
Wed Aug 16, 2017 10:15 pm by nihal123

» අද වෙන්දේසියේ දී බිල්පත් පොළී නගී
Wed Aug 16, 2017 10:11 pm by nihal123

» ලක්‍ෂ්මන් සිල්වා DFCC බැංකුවේ ප‍්‍රධාන විධායක නිලධාරි තනතුරට
Wed Aug 16, 2017 12:29 pm by nihal123

» HOPL.N0000 ( Horana Plantations PLC)
Wed Aug 16, 2017 9:21 am by yellow knife

» පෑන් ඒෂියා බැංකුවේ ප්‍රාථමික අලෙවි කටයුතු මාස 06 කට අත්හිටුවයි
Tue Aug 15, 2017 1:16 pm by nihal123

» LIOC.N0000 (Lanka IOC PLC)
Mon Aug 14, 2017 2:37 pm by The Invisible

» Plantation sector updates
Sun Aug 13, 2017 4:51 pm by The Invisible

» අධිකරණ ඇමතිට ආණ්ඩු පක්ෂයෙන්ම විශ්වාස භංගයක්?
Sun Aug 13, 2017 7:52 am by smallville

» සොහොන් කොතේ නම 'අකැප' ඇෆ්ගන් කතුන්
Sat Aug 12, 2017 2:59 pm by Ethical Trader

» කොරියානු අර්බුදය හමුවේ ශ්‍රී ලංකාවේ සූදානම
Sat Aug 12, 2017 2:42 pm by Ethical Trader

» TJL.N0000 (Textured Jersey Lanka PLC.)
Sat Aug 12, 2017 2:10 pm by Ethical Trader

» කොරියාවේ උණුසුමට සංගීතයේ සිසිලස
Sat Aug 12, 2017 9:10 am by Ethical Trader

» මැක්‍රෝන් සිය බිරිඳට 'ජනාධිපති ආර්යා' නිල තත්වය නොදෙන ළකුණු
Fri Aug 11, 2017 10:39 pm by jiggysaurus

» Video of the day...
Fri Aug 11, 2017 4:24 pm by Rana

» Cartoon of the day...
Fri Aug 11, 2017 1:58 pm by Rana

» LWL.N0000 (Lanka Walltiles PLC)
Fri Aug 11, 2017 11:25 am by pjrngroup

» RICH N.0000 Richard Pieris and company PLC
Fri Aug 11, 2017 11:08 am by Ethical Trader

» විසිපන්දහසේ දඩය අනුමතයි - දඩ මුදල වැඩි කෙරුණු රථවාහන වැරදි මෙන්න
Thu Aug 10, 2017 9:29 pm by jiggysaurus

» ජනපති අගමැති ඇතුළු "සම්මුති ආණ්ඩුව වෙනුවෙන්" රවී ඇමති පුටුව අතහරි...
Thu Aug 10, 2017 7:13 pm by smallville

» KFP.N0000(Keels Food Products PLC)
Thu Aug 10, 2017 7:11 pm by pjrngroup

» රවී කරුණානායක ඉල්ලා අස්වෙයි
Thu Aug 10, 2017 7:11 pm by smallville

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Thu Aug 10, 2017 6:06 pm by Rana

» 10 Billion Dollar Companies Secretly Going Bankrupt !
Thu Aug 10, 2017 5:06 pm by කිත්සිරි ද සිල්වා

» SAMP.N0000 (SAMPATH BANK PLC)
Thu Aug 10, 2017 3:25 pm by The Invisible

» ඇමති රවී විශේෂ ප්‍රකාශයක් කරමින් ඉවත් වෙන්න සූදානම්
Thu Aug 10, 2017 12:54 pm by කිත්සිරි ද සිල්වා

» කැබිනට් රැස්වීමට නැහැ ; ඇමති රවී අස් වෙයිද? නැද්ද?
Thu Aug 10, 2017 9:53 am by Ethical Trader

» How cricket found – Rajgama heros !
Thu Aug 10, 2017 12:54 am by කිත්සිරි ද සිල්වා

» උ.කොරියාව, ඇමෙරිකාවේ 'ගුවාම්' දූපතට පහර දෙයි ද?
Wed Aug 09, 2017 5:54 pm by Ethical Trader

» බැඳුම්කර ගනුදෙනුවලින් පර්පෙචුවල් ට්‍රෙෂරීස්‌ සියයට 400ක්‌ ලාභ ලැබුවා
Wed Aug 09, 2017 3:07 pm by Ethical Trader

» කන්දත් නැහැ -පොලිසියේ රස්සාවත් නැහැ
Wed Aug 09, 2017 1:35 pm by Yin-Yang

» ASPI Status Update
Wed Aug 09, 2017 11:31 am by Ethical Trader

» Obituary Notice.
Wed Aug 09, 2017 8:58 am by කිත්සිරි ද සිල්වා

» Sri Lanka lagging in stock market development in the region’
Tue Aug 08, 2017 11:10 pm by Backstage

» PINS.N0000 ( PEOPLE'S INSURANCE PLC )
Tue Aug 08, 2017 11:01 pm by Backstage

» ඖෂධීය ගබඩාවක්. ගුණයෙන් අනුනයි
Tue Aug 08, 2017 10:30 pm by Backstage

» පැහැරගැනුණු නිරුපිකාව ගැලවේ: 'මැදපෙරදිගට විකිණීමේ තැතක්'
Tue Aug 08, 2017 6:55 pm by Ethical Trader

» ඩොලරය-සාපෙක්ෂව-රුපියල-සියයට-2.5කින්-අවප්‍රමාණයට
Mon Aug 07, 2017 8:14 pm by nihal123

» හිල්ටන් හෝටලයට වෙන්න යන දේ මෙන්න. සේවකයන්ටත් 4% ක කොටස්
Mon Aug 07, 2017 8:13 pm by nihal123

» "ඉවත් වන්න" - ඇමති රවීට ජනපති දන්වයි
Sun Aug 06, 2017 9:01 am by malanp

» කෝටි 15-20 වටිනා මොනවද මේ මොනාක්‌ රෙසිඩන්සිස්‌?
Sat Aug 05, 2017 2:47 pm by nihal123

August 2017
SunMonTueWedThuFriSat
  12345
6789101112
13141516171819
20212223242526
2728293031  

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Volkswagen shares plunge 18%

Page 1 of 3 1, 2, 3  Next

View previous topic View next topic Go down

Volkswagen shares plunge 18%

Post by Ukboy on Tue Sep 22, 2015 12:02 pm

VW may not clean as we think.
VW share price fell almost 20% over its admission that it cheated on US emission tests. They had fitted "defeat devices" to bypass environmen standards.

A bit dodgy story isnt it? Guess Volkswagen wont be the only one

http://www.bbc.co.uk/news/business-34311819

Ukboy
Top contributor
Top contributor

Posts : 358
Join date : 2014-02-28

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by slstock on Tue Sep 22, 2015 12:12 pm

Hmm. Interesting. What is more interesting is that they came clean after the bad "gimmick". Didn't they have any option to cover it up to save multi billion $$.

I am not justifying anything VW did.

But if something bad is done, how many Sri Lankan people will then try to cover it up , blame another, sacrifice another. Just a curios.

Committing an offence is wrong. But it even more wrong to not admit it , slip away , and maybe sacrifise anothe to save skin and keep making the offence.

Thats double crime.

Just a thought

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : http://forum.lankaninvestor.com/t1548-important-warning-and-message
---------

If someone finds an Avatar of me in cyberspace commenting and you are unsure, Keep asking deeper questions until you are satisfied to distinguish between the Real and the Avatar. The real answers questions directly and deeply Wink

---------
avatar
slstock
Veteran
Veteran

Posts : 4998
Join date : 2014-06-12

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by කිත්සිරි ද සිල්වා on Tue Sep 22, 2015 12:48 pm

Read more
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6704
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by කිත්සිරි ද සිල්වා on Wed Sep 23, 2015 1:41 am

VW CEO: 'I am endlessly sorry' brand is tarnished

Volkswagen AG's smog-test scandal escalated Tuesday as the company issued a profit warning, set aside billions to cover the fallout and lost billions more in market value. VW's CEO said he is "endlessly sorry" that the world's top-selling carmaker has squandered worldwide trust in its brand.

Read more
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6704
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by කිත්සිරි ද සිල්වා on Wed Sep 23, 2015 9:35 am

Will this incident affect their proposed factory in Sri Lanka?
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6704
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by කිත්සිරි ද සිල්වා on Thu Sep 24, 2015 1:16 pm

Volkswagen shares open 4.6% higher after CEO resigns

Read more
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6704
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by Ukboy on Thu Sep 24, 2015 4:47 pm

කිත්සිරි ද සිල්වා wrote:Will this incident affect their proposed factory in Sri Lanka?
Yes that's exactly what im worrying as well.

Ukboy
Top contributor
Top contributor

Posts : 358
Join date : 2014-02-28

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by Hybrid on Thu Sep 24, 2015 6:12 pm

කිත්සිරි ද සිල්වා wrote:Read more

Yes. Out of Four greatest corporate disasters only Nestlé came clean with loss of revenue and trust.

The rest were penalised n the millions, lost trust of consumers and one CEO imprisoned and one CEO resigned.

Now the name of VW should be changed from Volkswagen to " Vile Wain".

Check the dictionary for the meaning of these words!



avatar
Hybrid

Posts : 739
Join date : 2015-02-03
Location : Colombo

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by කිත්සිරි ද සිල්වා on Sat Sep 26, 2015 10:07 am

Scandal-hit Volkswagen names Porsche boss new CEO

Embattled carmaker Volkswagen tapped Porsche chief Matthias Mueller to steer it out of the wreckage of a widening scandal over pollution test rigging, as Washington said it would check all diesel cars for devices that fool emissions tests.

Read more
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6704
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by slstock on Sat Sep 26, 2015 10:09 am

Hmm, Hybrid are you a great big fan of Nestle by chance? haha


ie : As per my view Nestle is not a bad company.



Hybrid wrote:
කිත්සිරි ද සිල්වා wrote:[url=/south-korea-says-investigate-volkswagen-audi-diesel-cars-010242130--finance.html]Read more[/url]

Yes. Out of Four greatest corporate disasters only Nestlé came clean with loss of revenue and trust.

The rest were penalised n the millions, lost trust of consumers and one CEO imprisoned and one CEO resigned.

Now the name of VW should be changed from Volkswagen to " Vile Wain".

Check the dictionary for the meaning of these words!




_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : http://forum.lankaninvestor.com/t1548-important-warning-and-message
---------

If someone finds an Avatar of me in cyberspace commenting and you are unsure, Keep asking deeper questions until you are satisfied to distinguish between the Real and the Avatar. The real answers questions directly and deeply Wink

---------
avatar
slstock
Veteran
Veteran

Posts : 4998
Join date : 2014-06-12

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by Hybrid on Sun Sep 27, 2015 5:55 pm

Angelas Angels
avatar
Hybrid

Posts : 739
Join date : 2015-02-03
Location : Colombo

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by Ukboy on Tue Oct 13, 2015 4:58 pm

Volkswagen to cut investment by €1bn a year

Volkswagen has said it will cut investment by €1bn ($1.1bn; £750m) a year as a result of the diesel emissions scandal.

The troubled German carmaker said efficiency and technology would be the company's watchwords as it "repositioned itself for the future".

It added that all new diesel cars would be fitted with the "best environmental technology".

There will also be greater focus on hybrid and electric vehicles.

"We are becoming more efficient, we are giving our product range and our core technologies a new focus, and we are creating room for forward-looking technologies by speeding up the efficiency programme," said VW's Dr Herbert Diess.

http://www.bbc.com/news/business-34516645

Ukboy
Top contributor
Top contributor

Posts : 358
Join date : 2014-02-28

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by Hybrid on Tue Oct 13, 2015 8:15 pm

1.8 Billion Euro loan by Govt. to VW to be recalled.
avatar
Hybrid

Posts : 739
Join date : 2015-02-03
Location : Colombo

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by කිත්සිරි ද සිල්වා on Thu Oct 15, 2015 7:15 pm

Germany says has ordered VW to recall cars at start of 2016

German Transport Minister Alexander Dobrindt said on Thursday that the country's automotive watchdog had ordered Volkswagen (VOWG_p.DE) to start a mandatory recall of 2.4 million affected cars at the start of 2016.

Read more
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6704
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by Hybrid on Sun Oct 18, 2015 7:13 pm

There are many more VW executives who will be sacked soon. Its a matter of time.

When will merkel go?
Or is it for another reason as the refugee crisis in the EU and the unhappy Germans?
avatar
Hybrid

Posts : 739
Join date : 2015-02-03
Location : Colombo

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by කිත්සිරි ද සිල්වා on Wed Nov 04, 2015 10:41 pm

VW CEO Vows Thorough Investigation of Emissions Crisis

Volkswagen AG Chief Executive Officer Matthias Mueller last week declared it was time to make the company “more fun to work for,” then on Saturday he headed to the Leipzig Opera Ball -- where he was photographed smiling in a tuxedo, with a bottle of champagne on the table and his arm around a former tennis star.

On Tuesday, the fun ended.

That evening, the automaker said some gasoline cars and more diesels beyond the ones already under scrutiny had worse-than-reported emissions of carbon dioxide. The revelation, which came six weeks into the crisis, sent its stock down 9.5 percent Wednesday. VW’s supervisory board issued a sharply worded statement saying it was “deeply concerned” and would meet soon to consult on “further measures and consequences.”


Read more
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6704
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by කිත්සිරි ද සිල්වා on Thu Nov 05, 2015 6:15 pm

VW emissions-cheating scandal widens with new CO2 revelations

Germany's Volkswagen said Tuesday an internal probe had found that 800,000 more vehicles showed "inconsistencies" on carbon emissions, including the first petrol engines, as the auto giant sank deeper into a massive pollution cheating scandal.

Separately, Porsche SE, the investment company which owns 32.4 percent of VW's capital, said Tuesday's revelations could have a "negative impact" on its own results, although it maintained its projections for 2015.

Read more
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6704
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by Future123 on Thu Nov 05, 2015 8:45 pm

When are we getting VW plant in SL?

Can we buy VW vehicles bit cheaper without duty if produced in SL?

Future123
Active Member
Active Member

Posts : 1417
Join date : 2014-04-09

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by කිත්සිරි ද සිල්වා on Thu Nov 05, 2015 10:09 pm

My first vehicle was a VW and I know their quality standards.
If they give out with less taxes, I am sure it will be boon.  Very Happy
Future123 wrote:When are we getting VW plant in SL?
Can we buy VW vehicles bit cheaper without duty if produced in SL?
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6704
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

VW Memo Warned of Emission Issues in 2014

Post by කිත්සිරි ද සිල්වා on Tue Feb 16, 2016 7:00 am

A senior Volkswagen AG executive commissioned with troubleshooting and known internally as “the fireman” warned the company’s top management in May 2014 about an impending investigation by U.S. environmental authorities into whether the German car maker was using “test recognition” on some of its diesel engines.

The warning, communicated in a note to then-Chief Executive Martin Winterkorn, came from Bernd Gottweis, a quality-control executive who ran a team of product sleuths that Volkswagen management dispatched around the world to put out quality flare-ups before they grew into a full-fledged blaze.

The memo makes the first known reference to a defeat device in the investigation into Volkswagen’s emissions-cheating scandal and might suggest that the company’s top executives knew more than they are saying now. It isn’t known whether Mr. Winterkorn saw the memo.

“There was a short memo from Mr. Gottweis about this issue, but it would be a mistake to assume that it was clear back then that we knew it was cheating software. That was not clear,” a person familiar with the situation said. “We don’t know if Winterkorn read the memo or not.”

Mr. Winterkorn couldn’t be reached through his attorney for comment.


Read more
avatar
කිත්සිරි ද සිල්වා
Top contributor
Top contributor

Posts : 6704
Join date : 2014-02-23
Age : 59
Location : රජ්ගම

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by Hybrid on Tue Feb 16, 2016 7:55 am

I am the best person to categorically state that the entire management knew of the whole damn scandal.

The CEO's salaries and top management salaries are increased not based on COL / Inflation. It's based on five other factors: Growth, Top Line, Bottom Line, Market Share and Contribution to the GROUPS totals.

So the greed caused and offered by VW and other companies alike make it difficult for the management to think straight. As Upton sInclair put it: ' When a man works for a salary he is paid NOT to UNDERSTAND'.

The managers values are thrown out of the window and selfishness takes over and honesty becomes rare. (Saradharmaya Heenasenawa)

I say that the entire VW team knew about it and proudly joked about their smart high- tech guys and R&D department head must have got the best raise and perks.

Money talks, values balk!
avatar
Hybrid

Posts : 739
Join date : 2015-02-03
Location : Colombo

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by Backstage on Tue Feb 16, 2016 12:31 pm

I am the best person to categorically state that the entire management knew of the whole damn scandal.

Why? Smile
avatar
Backstage
Top contributor
Top contributor

Posts : 3099
Join date : 2014-02-24

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by Hybrid on Tue Feb 16, 2016 1:26 pm

I am an investor that buys 100 shares and is given permission to be present at the AGM. This affords me the privilege and freedom to question the Management on the on-goings of the company and performance both when it is too good and when it has GAPS and crevices.

There is a new breed of investors who are now required to save the country, environment and general society.

In lighter vein shall I say that I am the insider!
 Like a Star @ heaven
avatar
Hybrid

Posts : 739
Join date : 2015-02-03
Location : Colombo

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by Backstage on Tue Feb 16, 2016 2:35 pm

An activist investor, cool. But then, how come you are soft and woozy on Nestle' ? scratch
( just curious, not adversarial)
avatar
Backstage
Top contributor
Top contributor

Posts : 3099
Join date : 2014-02-24

Back to top Go down

Re: Volkswagen shares plunge 18%

Post by HAL9000 on Tue Feb 16, 2016 8:46 pm

In Kuliyapitiya Volkswagen premises is being cleared in a rush. Ground breaking ceremony to occur probably in next month. Just got an unofficial news from the site.
avatar
HAL9000
Top contributor
Top contributor

Posts : 1402
Join date : 2014-08-11
Location : Colombo

Back to top Go down

Page 1 of 3 1, 2, 3  Next

View previous topic View next topic Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum