Volkswagen shares plunge 18%

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

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

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

poor boy wrote:what happened to wolkswagan factory project in sri lanka? is it in progress ?

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

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.

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.

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.