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Volkswagen shares plunge 18%

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Re: Volkswagen shares plunge 18%

Post by Hybrid on Tue Feb 16, 2016 8:50 pm

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


I have my eyes set on her!

Better treat me like a fox.

You know cost effectiveness in war is also required to make it sustainable and ensure proper execution.

Words and sentences are misguiding!

I will let Rajiv Ghandhi's men to do the Job!
That's more cost effective. If you can go back history and see how the old fox taught us lessons.
His SC Judge ensured that the powers vested him were executed that way he wanted. To use his own words "Koronawa" or "Korolla Pennanda". Very unlike the US SC who left a void....


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Nice reading....

Post by Hybrid on Wed Feb 17, 2016 8:35 am

Read more on Activist Investors....
Backstage wrote:An activist investor, cool. But then, how come you are soft and woozy on Nestle' ?   scratch  
( just curious, not adversarial)
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Re: Volkswagen shares plunge 18%

Post by Hybrid on Wed Feb 17, 2016 1:54 pm

VW Management were full aware of the defeat device installed in its cars. Read more..

Read more...
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Re: Volkswagen shares plunge 18%

Post by කිත්සිරි ද සිල්වා on Wed Feb 17, 2016 1:59 pm

Yes.
( දැන් කට්ටිය බබා වෙන්න හදනවා )  Shocked
Hybrid wrote:VW Management were full aware of the defeat device installed in its cars. Read more
Read more...
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Re: Volkswagen shares plunge 18%

Post by Hybrid on Fri Feb 19, 2016 6:20 pm

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Volkswagen Brand Sales Fell 3.8 Percent in January

Post by කිත්සිරි ද සිල්වා on Mon Feb 22, 2016 12:38 pm

The marquee Volkswagen brand was hit in January by its biggest decline in European sales since the German carmaker was engulfed in a diesel emissions scandal last year, according to industry data released Tuesday.

The European carmaker’s association, ACEA, reported that sales of Volkswagen brand cars dropped 3.8 percent from a year earlier, putting a drag on deliveries for the group, which includes the Audi, Porsche, Seat and Skoda brands.

Away from VW’s struggles, the trade group said overall sales in Europe in January of more than one million cars were “encouraging for the near future, as the upward market trend remains stable.”


Source
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Re: Volkswagen shares plunge 18%

Post by Hybrid on Mon Feb 22, 2016 5:38 pm

Country by country are now joining the bandwagon in the pursuit of suing VW for their DDD's (Defective Defeat Devices) installed on its major cars mainly in VW.

Apart from the US, Australia, UK, Sweden, France we now have South Korea taking up arms to vanquish their position as one of the top players in the automotive industry.

We are talking about big companies and given time the downfall of VW is imminent taking cognizance of the propensity and widespread fraud and foolhardy action on its part.

Their mediocre efforts in giving an eye wash to its top-end customers itself depicts their deceit, down right crooked business ethics and misrepresented strategic business plans that have given way to this predicament they are now facing.

The new breed and culture of the present Management Teams in Corporate World need a good shake up and they are forced to accept the fact that that one cannot lie every time, all the time and most of the time.

Their cheating and misrepresentation of  their quality and ideals are now being channeled to the hilt.

Billions of dollars will be paid out and the Top Management will be hung upside down. The First person to go was the finance guy. The next to go would be R&D, QA, Production and then the best prized catch will be left to the Vultures!

All their agreements and contracts with the trade are undergoing scrutiny and some World Class Law Suits are in the pipe line. It is also learned that they have lost  their legal arm and quality ombudsman in the fray.

Pity them. There should be good contracts in place and have sufficient clauses to protect all their misdeeds and unthinkable down right crooked ways or else it will not suffice to guarantee their safety through the coming hurricanes just like what happened to Fiji Islands.
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Re: Volkswagen shares plunge 18%

Post by Hybrid on Wed Feb 24, 2016 9:30 am

VW union gets tough. Workers are mad and uncooperative. Read on.

When a guy is down many tend join in kicking him even more. VW in US is already on the war path. They employ over 1450 temps by the hour and now hell has broken loose.

This is the beginning of the end for VW.
But a lesson can be learned by the big conglomerates and global companies. Do not get too big. You will be noticed.
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Re: Volkswagen shares plunge 18%

Post by poor boy on Wed Feb 24, 2016 10:10 am

what happened to wolkswagan factory project in sri lanka? is it in progress ?

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Re: Volkswagen shares plunge 18%

Post by කිත්සිරි ද සිල්වා on Wed Feb 24, 2016 10:17 am

Like most of the things ! Very Happy
(Hope you get the picture) !
poor boy wrote:what happened to wolkswagan factory project in sri lanka? is it in progress ?
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Re: Volkswagen shares plunge 18%

Post by Hybrid on Wed Feb 24, 2016 10:46 am

Their (VW) plan was to have LK as a base for laundering their DDD issues and re-exporting same under favorable and amicable terms and conditions agreed by the LK government.


But the situation is too sensitive and the timing essentially not conducive. The planetary system did not sync with our greater and more elite lumanaries making the plan unviable and risky.

You know, the Lankans have an advantage. They are very more intelligent and their IQ / literacy rates are ABBIBAWA than the Indians. They generally cannot be fooled all the time.
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Re: Volkswagen shares plunge 18%

Post by Hybrid on Wed Feb 24, 2016 12:38 pm

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Re: Volkswagen shares plunge 18%

Post by Hybrid on Wed Feb 24, 2016 12:39 pm

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Re: Volkswagen shares plunge 18%

Post by Hybrid on Wed Feb 24, 2016 2:46 pm

The Family Coup-de-tat... Read on.

See when the Internal Controls are weak, the whole company is a t risk!
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Re: Volkswagen shares plunge 18%

Post by Hybrid on Thu Feb 25, 2016 6:24 pm

Huta Bata for VW R&D spend Budgets!

Read on to know how they will be forced to clean up the environment because of tough legislation and good thinking by the government...

Click this link:The Government Forces VW to Clean Up the Mess by investing in Electric Cars!
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Re: Volkswagen shares plunge 18%

Post by Hybrid on Sun Feb 28, 2016 7:54 pm

Volkswagen's top committee has hired a German law firm to advise it on the liabilities the carmaker could face as a result of its cheating of diesel emissions tests.

Europe's biggest automaker admitted in September to rigging U.S. diesel emissions tests and shortly afterwards appointed U.S. law firm Jones Day to investigate those responsible for the biggest corporate scandal in its history.

The German company said earlier this month that Jones Day would publish its findings in the second half of April.

The new law firm will look at those findings and advise on the liabilities Volkswagen (VW) could face under corporate law, a spokesman said on Thursday, declining to name the law firm.

Earlier this month, VW postponed the publication of its 2015 results and delayed an annual shareholders' meeting due to the difficulties it was having to put an exact price on the scandal.

The supervisory board's executive committee approved a recommendation by its task force to seek the extra legal advice, the spokesman said.

"VW will ruthlessly clarify the matter in its entirety," he said. "Everything will be put on the table, nothing will be swept under the carpet. The internal and external specialists tasked with this are investigating regardless of who the individuals involved are and without taboos."

German news agency DPA reported VW's recruitment of the law firm earlier on Thursday.

VW set aside 6.7 billion euros ($7.4 billion) in the third quarter of 2015 to cover repair costs for up to 11 million vehicles worldwide that could be fitted with illegal software.

Analysts estimate it could have to pay out billions more due to regulatory fines and lawsuits.
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Re: Volkswagen shares plunge 18%

Post by Hybrid on Wed Mar 02, 2016 12:49 pm

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Volkswagen's top U.S. executive steps down amid ongoing probe

Post by කිත්සිරි ද සිල්වා on Thu Mar 10, 2016 8:44 am

Volkswagen AG's top U.S. executive is stepping down nearly six months after the German automaker admitted to installing software to allow 580,000 diesel U.S. vehicles to emit excess emissions, the company said on Wednesday.

Michael Horn, who has been president and chief executive officer of Volkswagen Group of America since 2014, is leaving by mutual agreement "to pursue other opportunities effective immediately," VW said.

Horn, 54, could not immediately be reached. A lawyer for Horn did not immediately return a call seeking comment.


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VW Toys With Giving Up the U.S. Mass Market

Post by කිත්සිරි ද සිල්වා on Sat Mar 12, 2016 5:38 pm

The suggestion was startling: Maybe VW should give up on selling cars to America’s masses.

It was late January, at the Detroit auto show, and Herbert Diess, the global chief of Volkswagen AG’s namesake brand, was sounding out U.S. dealers as the company grappled with the biggest crisis in its modern history.

Perhaps, Diess wondered aloud, VW should stop trying to compete with the likes of Toyota Motor Corp. in America and go back to focusing on higher-end models.

“It was near crickets in the room,” said Alan Brown, chairman of VW’s U.S. dealer council.


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Re: Volkswagen shares plunge 18%

Post by Hybrid on Sat Mar 12, 2016 8:22 pm

කිත්සිරි ද සිල්වා wrote:The suggestion was startling: Maybe VW should give up on selling cars to America’s masses.

It was late January, at the Detroit auto show, and Herbert Diess, the global chief of Volkswagen AG’s namesake brand, was sounding out U.S. dealers as the company grappled with the biggest crisis in its modern history.

Perhaps, Diess wondered aloud, VW should stop trying to compete with the likes of Toyota Motor Corp. in America and go back to focusing on higher-end models.

“It was near crickets in the room,” said Alan Brown, chairman of VW’s U.S. dealer council.


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Very few big companies follow the COSO FRAMEWORK that was inaugurated somewhere in 2013 in the US which the world Also have agreed to join.

In this instance the Company ethics are called into question and the Tone at the Top was not in sync with the tune of the company vision and mission.

Remember that the man at the top is responsible and there should be a clause in the employment package for such cheats that they stand to be disqualified for bonuses and dismissal pay in the event they are proven to be cheats in a court of law.

This seldom happens. These guys should get LIFE INPRISONMENT for what they have done just as drug addicts are treated as the impact is more severe than what the drug addicts cause.

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Re: Volkswagen shares plunge 18%

Post by කිත්සිරි ද සිල්වා on Sat Mar 12, 2016 8:30 pm

Absolutely.
Look what happened to ENRON guy, who died a free man after all, after making thousands poor.
Hybrid wrote:
කිත්සිරි ද සිල්වා wrote:The suggestion was startling: Maybe VW should give up on selling cars to America’s masses.

It was late January, at the Detroit auto show, and Herbert Diess, the global chief of Volkswagen AG’s namesake brand, was sounding out U.S. dealers as the company grappled with the biggest crisis in its modern history.

Perhaps, Diess wondered aloud, VW should stop trying to compete with the likes of Toyota Motor Corp. in America and go back to focusing on higher-end models.

“It was near crickets in the room,” said Alan Brown, chairman of VW’s U.S. dealer council.


Read more


Very few big companies follow the COSO FRAMEWORK that was inaugurated somewhere in 2013 in the US  which the world Also have agreed to join.

In this instance the Company ethics are called into question and the Tone at the Top was not in sync with the tune of the company vision and mission.

Remember that the man at the top is responsible and there should be a clause in the employment package for such cheats that they stand to be disqualified for bonuses and dismissal pay in the event they are proven to be cheats in a court of law.

This seldom happens. These guys should get LIFE INPRISONMENT for what they have done just as drug addicts are treated as the impact is more severe than what the drug addicts cause.

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Re: Volkswagen shares plunge 18%

Post by Yin-Yang on Sat Mar 12, 2016 8:43 pm

There, in Wall Street, traders can earn when the prices go down also; Isn't it?

If so, may be traders there are not much worried about these type of issues and shares plunging.
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Re: Volkswagen shares plunge 18%

Post by කිත්සිරි ද සිල්වා on Sat Mar 12, 2016 9:10 pm

Welcome to the Forum YY and happy to see you active from the day you joined, unlike many others who come and disappear in days. Very Happy

Yin-Yang wrote:There, in Wall Street, traders can earn when the prices go down also; Isn't it?
If so, may be traders there are not much worried about these type of issues and shares plunging.
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Re: Volkswagen shares plunge 18%

Post by Hybrid on Sat Mar 12, 2016 9:35 pm

Yin-Yang wrote:There, in Wall Street, traders can earn when the prices go down also; Isn't it?

If so, may be traders there are not much worried about these type of issues and shares plunging.

Hope you will give a yeoman service to this forum.

Also do post some comments and articles like a real YO YO.
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Re: Volkswagen shares plunge 18%

Post by Market lover on Sat Mar 12, 2016 11:36 pm

Welcome Yin-Yang Smile

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