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Volkswagen Stock?
09-24-2015, 04:53 PM
Hey guys,
What do y'all think about VW stock in the long term? You probably heard the recent news about how they cheated on emissions tests and how big a fine they're facing. VW lost 37% value in the past week and I don't think a company as big as VW can ever go bankrupt- worst that could happen is the German government will probably bail them out.
I'm looking to bottom fish but it might be too early for that. Thoughts?
“Our great danger is not that we aim too high and fail, but that we aim too low and succeed.” ― Rollo Tomassi
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09-24-2015, 05:11 PM
There are multiple stock market related threads for this discussion.
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09-24-2015, 06:55 PM
Let the migrants live in all of their factories!
J/k
I know these software hacks cause we beat them all day long at my job. Of course you want your shit to run good.
Now. The betaness of VW.
The should've lied and said the programming was for traffic. No balls.
Also the US uses different Diesel
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09-24-2015, 07:03 PM
If you have a 5+ year horizon and can handle the volatility, buy VW now. It's a no brainer. Liability is nowhere as large as BP circa 2010 and BP had to pay a massive bill. BP did well after 2010 until oil collapsed.
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09-28-2015, 03:07 AM
Quote: (09-26-2015 06:03 PM)jamaicabound Wrote:
From what I've heard what volkswagen did is what many car people do to their cars as an aftermarket mod to get better performance and then switch teh chips back anytime they have to go through emissions. I could be totally off base on this but someone on another forum mentioned this.
More like, they had software on their cars to detect if it's being emissions tested and adjust output accordingly. Cars would perform within limits on emissions tests, but emissions increased up to 40x more during real world driving.
Quote: (09-26-2015 06:03 PM)jamaicabound Wrote:
Also, for anyone who knows cars maybe you can chime in. If Volkswagen is forced to do a recall and fix these cars is it new parts or is it as simple as plugging the car into a computer and reprogramming the software?
Current generation diesel engines all treat their exhaust with a urea based fluid called "AdBlue" to meet emissions requirements. It's a consumable and therefore adds to the overall cost of ownership. Everyone used AdBlue to match emissions requirements but VW (and we all wondered how). VW can either (1) retro-fit AdBlue in their cars, which will not be easy because their cars aren't designed to accommodate an AdBlue tank, pump, piping etc. related peripherals. Or (2) they can re-program the ECUs and risk a class action, because a software only fix will most likely bring power output and MPGs down.
Quote: (09-26-2015 06:03 PM)jamaicabound Wrote:
Ford and GM and others have knowingly put out cars that killed people and that is water under the bridge, how is lying about emissions this huge deal the media is making it out to be?
Welcome to the politically correct 21st century. Nobody would've given a fuck 30 years ago.
“Our great danger is not that we aim too high and fail, but that we aim too low and succeed.” ― Rollo Tomassi
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Volkswagen Stock?
09-28-2015, 06:54 AM
Quote: (09-26-2015 06:03 PM)jamaicabound Wrote:
Ford and GM and others have knowingly put out cars that killed people and that is water under the bridge, how is lying about emissions this huge deal the media is making it out to be?
The difference here is that VAG is a German company.
US regulators love to gang fuck a foreign competitor. See BP.
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09-29-2015, 07:19 PM
The damage is just starting. VW is a cockroach motel. I'd stay away for at least a year.
Car design and production is a 100MM+/per platform necessity.
Recalls and fines will wipe out 2-3 years of profit, design and manufacturing issues will wipe out another 1/2 year. Its going to be a long road ahead.
VW owns audi. Audi is going to be under heavy scrutiny now too. If it starts spreading to the luxury side of VW, all bets are off to what the damages will be.
WIA- For most of men, our time being masters of our own fate, kings in our own castles is short. Even those of us in the game will eventually succumb to ease of servitude rather than deal with the malaise of solitude
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09-29-2015, 09:05 PM
Indeed.
Even I know that the way to crack business in America is to grease all the right palms!
Funnily enough it was Vag that got caught out in the great "prostitute" scandal a few years back. Idiots.
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09-29-2015, 09:38 PM
I would wait unless you think VW will transition back to military production in the near term.