It is a great idea, but probably will never happen, judging from the picture above. Both Volkswagen CEOs, the old one to the right and the new one coming from Porsche in the middle, must be explaining to the very concerned Angela Merkel how now everything will be changed. Corporate greed and hired politicians are feeding all this corruption with Auto-makers and Oil. On another hand just driving faster to the cliff will not help the new CEO of Volkswagen even if he comes from Porsche. These all the same people who were lobbying hard against new emission standards, developing and producing millions of these cheating devices. Actually going electric can save Volkswagen, otherwise they can be simply done now.
It is all said so well by Robert. Where is our outrage? How fast will we allow "Them" to swipe it under the rag again? New CEO of Volkswagen came from Porsche and, according to reports, he was personally involved in the orchestrating very heavy lobbing against the new emission standards. At Porsche they could not find where to charge their Mission E to make it "fully practical"? Show them finally Tesla Superchangers for Gods sake. What kind of change can we expect? They are Not interested in you and me. The list goes on … Post production note from Robert:
"My #dieselgate rant does one thing. It UNDER exaggerates, not 40% more NOX, 4,000% more"
It didn't take long. Transport and Environment, finally, gets attention to its brilliant work exposing the systemic fraud happening in auto-industry. I do hope that prosecutors will pay attention not only to the former CEO of Volkswagen and all materials are available on T&E links below. Volkswagen has started its very own VolswagenGate and DieselGate was insured as nobody can really comply with the three magics together: price, performance and emissions. Now we are moving into the full blown AutoGate.
Lies are flying all around again and everybody was paying for it. I start to think that this scandal will eclipse Enron, LIBOR, Energy, Pensions, FOREX and Gold manipulations scams all together and can, actually, take down the markets with it in a big way. It touches every family, everybody drives these days in the West. Idea that we all have been played for years like total idiots will not make auto-makers and Big Oil more popular. Carl Icahn is heavy shorting the markets and his video release tomorrow will make FED run to the boats. Next QE is already on its way now.
This total mess makes me think, personally, what will it take to expose the GMO scam? And what this exposure take will be on the World Economy - total collapse?
It will not be surprising to me, personally, if Electric Cars are actually already cheaper on price and real performance value matrix. Emissions and thousands of people dying every day all across the world from the air pollution will pull the scale into EV side even more. And cheaper and better EVs are coming now with thousands of places all over the world where to charge them in 20 minutes … Who will start the FrackingGate scam to be exposed now?
Elon Musk is not dancing on the Volkswagen grave, mass media will do it of him now. He is already dealing with Diesel and Gas powered cars as a class: making more and more electric cars. Last week Tesla has opened European plant, announced talks about opening its Superchargers Network to other auto-makers and … Tesla Model S will go 600 miles on a charge in the future. Now Elon Musk talks about Lithium Battery Gigafactories in Europe. Let's bring one to Ireland!
Elon Musk brings the answer to all The Economist questions about the future and how "to start the era of electric car". Future is already here, just not everybody has noticed. Welcome to the Tesla first European plant!
"This is the last nail in the coffin of ICE cars. Electric cars are already better, we just need to make them cheaper and Tesla's Gigafactory will make it happen. It is the major step forward if other auto-makers will be allowed to share Tesla Superchargers Network and will co-invest in rapid deployment of these Networks all over the world. We are getting very fast to the mass market for electric cars now.
Now we have to send this article to the New Volkswagen CEO, they could not find Tesla Superchargers with him at Porsche before … Read more."
The short answer: All cars will be electric and the rest is history. If you like some details you are welcome! Read more.
A recall would be ineffective at best. Many VW car owners in the US are unlikely to voluntarily surrender cars that function properly and do not present, at the individual car level, a health risk. It is not certain that a fix can even be implemented. The best-case scenario of a recall is that some of the cars are brought in and have the emissions issue fixed at the expense of reduced gas mileage, thereby increasing greenhouse gas emissions. The worst-case scenario is that VW sends millions of cars to the junkyard. Both outcomes are negatives for the environment.
As for a fine, $10bn seems to be the ballpark figure at this point. Some of it might help fund the Environmental Protection Agency but, if past fines to the financial industry are any indication, the money will mostly be used in areas that have little connection to the original issue. And fines, even really big ones, often fail to deter future misdeeds. Look at Wall Street, where fines have increased in both frequency and dollar amounts without ever reshaping the industry’s culture.
Here’s a better outcome: the EPA should mandate that Volkswagen exclusively produce electric vehicles within five years for the US market. This would remove the emissions from millions of cars, not only health pollutants like nitrous oxide but also more essentially the other greenhouse gases that threaten our whole planet. The company is well on its way to commercializing electric vehicles, and the $10bn fine could be put to better use by building a battery factory in the US to supply those electric models, creating jobs along the way. Add in an obligation for VW to equip US highways with electric charging stations and we’ll have changed the transportation landscape of this country for the better.
If you think this is impossible, look at Tesla. In less than a decade, they went from an unlikely startup to the producer of the world’s highest-rated car. The company is currently buildinga battery gigafactory. All this with zero emissions and zero pollutants. No need to cheat on emissions testing – there is no need for emissions testing at all. This was done with a total expenditure of $3bn. Imagine what $10bn could do.
The automobile industry, like most incumbents in other sectors, has too often been reluctant to embrace real innovation and change. The commitment to reducing pollution and greenhouse gas emissions as well as improving safety has been half-hearted at best. The cars we drive today basically run on the same technology and the same fuel that were used a hundred years ago. Mileage, performance, emission levels and safety have improved, mostly because of increased regulation, but it’s still about burning fuel in a combustion engine.
It’s time for a much bigger shift. Volkswagen should use its know-how and capital to end all emissions from its vehicles. That would be a fitting punishment – and an opportunity to do lasting social and environmental good.
- The author is an investor at Tesla."