Where Volkswagen Cars Go To Die

Where Volkswagen Cars Go To Die:

An aging football stadium in Michigan. A decrepit paper mill in Minnesota. A sun-bleached patch of desert in California.

These are the lots where Volkswagen is storing the hundreds of thousands of diesel vehicles that included software to help them cheat US emissions testing as the company races to buyback a huge chunk of its inventory ahead of a deadline agreed to as part of its settlement with the US government, per Reuters.

Under the terms of its landmark settlement with the US government, if 85% of the 500,000 cars VW promised to repurchase haven’t been bought back or fixed by then, the company will face higher punitive payments.

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How Volkswagen Quietly Stashed Half A Million Rigged Cars Around The Country

How Volkswagen Quietly Stashed Half A Million Rigged Cars Around The Country:

Volkswagen bought back hundreds of thousands of emissions-cheating cars. We just discovered what it has done with them all

As Bloomberg reports, the German automaker agreed last year to buy back about 500,000 diesels that it rigged to pass U.S. emissions tests if it can’t figure out a way to fix them. Except for a handful of 2015 models, VW dealers can’t sell the cars until – and unless – the company comes up with repairs to satisfy regulators. The question they face then is – what to do with the hundreds of thousands of diesel cars it is being forced to buy back?

Well, now we know… the company is hauling them to storage lots across America…

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FBI Arrests Volkswagen Exec Charged With Conspiracy To Defraud The US

FBI Arrests Volkswagen Exec Charged With Conspiracy To Defraud The US:

While various other carmakers, such as GM, Ford, Fiat and Toyota, have had their share of headaches in recent weeks worried if and when Trump will tweet about them next, the epicenter of all car scandals over the past two years remains Volkswagen, and sadly for the German carmaker things continue to get worse: according to the NYT, the FBI haed arrested a Volkswagen executive on charges of conspiracy to defraud the United States. 

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Volkswagen To Cut 30,000 Jobs, 5% Of Workforce

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Volkswagen To Cut 30,000 Jobs, 5% Of Workforce:

Following a tumultuous year of declining sales as a result of its emissions-cheating scandal, today Volkswagen agreed to cut 30,000 jobs at the core VW, roughly 5% of its global salesforce of 624,000. After months of intense talks, labor and management agreed on a package to balance cost-cutting with investment as the auto industry shifts away from traditional combustion engines and adapts to car-sharing services and self-driving technologies.

The job cuts will come through attrition in the form of early retirement and not replacing workers that leave; the company vowed to refrain from forced layoffs until 2025. The savings comprise 3 billion euros at its German factories and another 700 million euros abroad. Argentina and Brazil will be hit hardest by the staff reduction outside Germany, with Volkswagen’s personnel chief Karlheinz Blessing describing the Brazil cuts as “brutal.”

Read moreVolkswagen To Cut 30,000 Jobs, 5% Of Workforce

Bailout World: Volkswagen “Cheating” Fine Is 20 Times Higher Than GM’s For ‘Killing 174 People’

Bailout World: Volkswagen “Cheating” Fine Is 20 Times Higher Than GM’s For ‘Killing 174 People’:

When bailout-darling GM ‘fessed up to an intentional ignition-switch defect, tied to at least 174 deaths, The Justice Department fined them $900 million (and no employees faced criminal charges). So, in this consequence-less world in which we live, when Volkswagen admits to literally cheating emissions-standards tests, it faces up to $18 billion in fines from The EPA, one has to wonder whether “we” have our priorities right?