23-09-2015, 11:03 AM
I have also been following this story too.
Perhaps it needs a catchy name like CAT Scam (CATalytic converter Scam)
I will follow the story as the share price falls and wait for it to level out and in good time before the courts do there bit will be the time to buy the shares and grab the profit from the recovery. I doubt they will go under completely and something will bounce back again.
For UK owners there will be a benefit from not taking cars back for a recall as the trick actually reduces fuel consumption in regular driving reducing the amount of fuel tax paid. In the US the fuel tax is much lower and there would be little benefit from not responding to any recalls.
I wonder if the Ebay prices of non recalled cars will climb in a few years.
It is only a matter of time before other brands fitted with VW engines are found including commercial vehicles.
Perhaps it needs a catchy name like CAT Scam (CATalytic converter Scam)
I will follow the story as the share price falls and wait for it to level out and in good time before the courts do there bit will be the time to buy the shares and grab the profit from the recovery. I doubt they will go under completely and something will bounce back again.
For UK owners there will be a benefit from not taking cars back for a recall as the trick actually reduces fuel consumption in regular driving reducing the amount of fuel tax paid. In the US the fuel tax is much lower and there would be little benefit from not responding to any recalls.
I wonder if the Ebay prices of non recalled cars will climb in a few years.
It is only a matter of time before other brands fitted with VW engines are found including commercial vehicles.
