VW Executives and Ex-C.E.O. Are Charged With Market Manipulation

Sep 24, 2019 · 31 comments
highway (Wisconsin)
What took them so long?
Benito (Deep fried in Texas)
Maybe these guy can leave prison during the day like Jeff Epstein did years ago in Florida. Of course he pleaded guilty and had hep from a crooked prosecutor who resigned from Trump's administration recently.
Mr. What (MI)
Contrary to ‘holding Executives accountable’ presented here nameless Tier 1 supplier that provided cheating emission control is investing millions into “see something - say something” program. Everyone gets trained, including assembly workers. (Their board is entirely intact)
MIKEinNYC (NYC)
Poor little Volkswagen. My mother, during WW2 enjoyed the hospitality of the German nazis at an exclusive gated community and was forced into slave labor at a VW plant. I half hope VW goes out of business.
John Williams (Petrolia, CA)
Jeez, a crime against share holders! This is serious.
Annette Hunt (Dallas)
The worst car I ever owned was a 2004 VW Jetta. The car died at around 68k due to faulty parts that caused the oil to burn out. It was a known issue that VW would neither acknowledge or fix. So happy to see that their lying over how their cars are made caught up with them. I’ll never by another VW again and I’ll never buy an Audi from this lying, thieving company.
Benito (Deep fried in Texas)
@Annette Hunt If you are related to the Hunt Oil Family maybe you should buy a Lincoln Navigator. It's American made.
Donna (Moorestown USA)
Contrast this with The NY Times story of the children of 9/11 responders following in the footsteps of their fathers. It says a lot about the good of everyday people in our world.
J Darby (Woodinville, WA)
Good thing this emissions scam was discovered before the trump EPA (environmental pollution agency) took over.
Goahead (Phoenix)
So how many executives are going to prison? Is it another Wells Fargo situations where nobody is going?
Benito (Deep fried in Texas)
@Goahead Most likely. I would hope that Wells Fargo would clawback the golden parachutes of the two top executives of that bank.
Steve (Western Massachusetts)
Well, it seems even in Germany that defrauding shareholders is a more serious crime than cheating the public, lying to the public, and polluting the public.
The Poet McTeagle (California)
Holding a CEO accountable, potentially punishable by prison time?!?! Maybe we should try this in the US.
William Perrigo (Germany (U.S. Citizen))
Manipulating diesels was wrong! It destroyed Germany’s squeaky clean car industry image —but then, western world governments took it one better! All over the free world it’s now legal to market electric cars as CO2 free per kilometer or mile driven. The buyer has this false feeling that they bought an item emitting zero CO2, but it’s a massive falsehood of major proportions! What is your local electricity mix? In Germany it amounts to 500 grams of CO2 per kilowatt hour. Sure, it’s less than combustion engines and for some people that’s a good thing—fine, but it’s not zero, so stop lying about it!
R. S. (West)
Shut VW down. Lies, lies and more lies. I used to love VW - 1st car a bug, then a scirocco, then a couple of Audi's. Switched to a Prius, loved it and have now upgraded to a Honda (electric). Mandate all ICE vehicles off the road by 2027. It is the best way to help save the planet.
Benito (Deep fried in Texas)
@R. S. I think infernal combustion engines are here for another 30 years. When I saw ICE vehicles I thought Immigration Control Cop cars. Then I caught on. My parents didn't raise no dummy.
PrairieProgressive (midwest)
We were victims of the scandal: we drove a VW diesel TDI for several years. Now I have been diagnosed with Stage 4 lung cancer. As a lifetime non-smoker, it's hard not to wonder what I was inhaling from that "clean diesel".
EB (Stamford, N.Y.)
@PrairieProgressive Sorry to hear of your lung cancer, and I don't blame you about wondering whether your VW TDI might be responsible. Still, it seems unlikely that much of its exhaust ended up in the cabin instead of trailing behind you. If you lived in a city there would have been many diesel trucks and buses--I remember seeing many spew large clouds of black smoke, especially starting up after stopping--that were less regulated for a long time, and farms had diesel tractors.
ss (Boston)
One simple question - how will the prosecutors prove that those three knew about the cheating and willfully ignored those facts or, at worst, encouraged 'adjustments'. For those who are now so in love with Japanese cars, do not forget that such cases also happened there, on a much smaller basis though, the employees cheating to help the company ...
Phil (Brentwood)
The lying and hubris continues. I recall that after VW finally admitted to cheating on emissions, they issued a statement "We think it was just a few rogue engineers." Anyone who had even the most basic understanding of the engineering and testing of automobile engines, emission control systems, and emission compliance knew that was an outrageous, bald face lie. This was a corporate decision made at the highest level that affected the entire strategy of pushing diesel vehicles as low emission and high performance. It required coordination between engine design, computer control of the engine, and, of course, extensive testing to make sure the cheating worked. After the Americans suspected foul play, VW arrogantly claimed the problem was that Americans weren't sophisticated enough to properly understand advanced German engineering.
KURT (MD)
The hubris is unbelievable. I was always a VW fan. Then a Mercedes fan. I drive a Honda now. I'm done with German engineering.
Hootin Annie (Planet Earth)
About time. I was one of those caught up in the diesel scandal, exactly 1 week after I purchased the car. I would be hard pressed to buy another VW, especially after falling totally in love with my Subaru.
ShenBowen (New York)
Am I the only one in America disturbed by Volkswagen's use of Johnny Cash's 1972 "These Are My People" in their latest ad campaign. Instead of earning the trust of American car buyers through their business operations, VW presents a slick ad to prop up their image. In this case, the message backfires, it is jarring to hear a German car company making the claim that Americans are 'their' people. I'm a big fan of "The Man in Black" and I'm disappointed that his estate is allowing the song to be used for this purpose.
William Starr (Nashua NH)
@ShenBowen "I'm disappointed that his estate is allowing the song to be used for this purpose." I have no knowledge of this particular situation, but I'll point out that it's possible that the Cash estate doesn't own the song.
ShenBowen (New York)
@William Starr: Thanks for catching this. Of course, you're right. Performers often don't own their recording catalog. Ask Taylor Swift.
Mr Waterman (Portugal)
All leaders and decision-makers involved in manipulating the diesel emissions are responsible! Let justice reign! They need to pay for the consequences of their poor decisions and actions that cause air pollution, climate change and increased risk of lung diseases, etc. These people need to learn! Without adequate correction and a public example being made of what is not acceptable, what are the chances this would not happen again in some other form? Most definitions of “leadership” include, the leader of the group taking the heat and responsibility for the outcome of his/her leadership decisions and those of the subordinates within the company. Leadership is not about just cherrypicking profits, and the best parts, and then trying to sidestep responsibility of poor decisions. All senior executives there involved need to step up to the plate and own their decisions!
Phil (Brentwood)
@Mr Waterman I agree! And I would add these weren't just 'bad' decisions, they were decisions they knew were dishonest and illegal. I wonder if anyone in VW ever said, "Excuse me boss, but isn't that against the law?"
manta666 (new york, ny)
I can only quote my Swiss friend, the first to address this story, and with whom I am in total agreement: 'All the senior executives caught manipulating the diesel emissions tests should be jailed. Their actions caused dramatic increases in air pollution, particularly in cities, and is causing lung diseases, respiratory illnesses and thousands of premature deaths. I will never buy a Volkswagen or Mercedes after what they did. But a boycott is not punishment enough. Top management needs to be jailed for this!'
William W. Billy (Williamsburg)
@manta666 Yes Yes Yes. You are so right. Put them in jail. All of those involved. Thank you for your comment. Billy on.
Svante Holm (Switzerland)
All the senior executives caught manipulating the diesel emissions tests should be jailed. Their actions caused dramatic increases in air pollution, particularly in cities, and is causing lung diseases, respiratory illnesses and thousands of premature deaths. I will never buy a Volkswagen or Mercedes after what they did. But a boycott is not punishment enough. Top management needs to be jailed for this!
RJH (Santa Barbara CA)
@Svante Holm Yes they should be jailed but with a steady stream of diesel exhaust pumped into their jail cells. Their malevolent decision has impacted every city in the world and poisoned our collective health.