More carmakers caught in headlights of VW engine-rigging scandal

More carmakers caught in headlights of VW engine-rigging scandal
Volkswagen has admitted it installed illegal software into 11 million 2.0 liter and 3.0 liter diesel engines worldwide (AFP Photo/Josh Edelson)

Volkswagen emissions scandal

Volkswagen emissions scandal

Iran's 'catastrophic mistake': Speculation, pressure, then admission

Iran's 'catastrophic mistake': Speculation, pressure, then admission
Analsyts say it is irresponsible to link the crash of a Ukraine International Airline Boeing 737-800 to the 737 MAX accidents (AFP Photo/INA FASSBENDER)

Missing MH370 likely to have disintegrated mid-flight: experts

Missing MH370 likely to have disintegrated mid-flight: experts
A Malaysia Airlines Boeing 777 commercial jet.

QZ8501 (AirAsia)

QZ8501 (AirAsia)

Leaders see horror of French Alps crash as probe gathers pace

Leaders see horror of French Alps crash as probe gathers pace
"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Thursday, October 1, 2015

German Finance Minister Schäuble sees 'greed' in VW scandal

German Finance Minister Schäuble has said VW's scandal is about "greed" but does not fear for the German market. His comments come ahead of VW's executive meeting to examine the findings from an internal investigation.

Deutsche Welle, 30 Sep 2015

The logo of German carmaker Volkswagen is seen at a VW dealership in
Hamburg, Germany

German Finance Minister Wolfgang Schäuble weighed in on the emissions-rigging scandal rocking German carmaker Volkswagen (VW) on Wednesday.

"It is greed for fame, for recognition. One looks at it in amazement and always sees how it ends up," Schäuble said in an interview with the news provider "RedaktionsNetzwerk." He said competition is "incredibly rough, if you want to be successful on the global market."

VW's scandal is a massive embarrassment for Germany, as well. For years, the country lobbied against stricter regulations for automakers and held up VW as an example of outstanding German engineering. "In the end, VW will no longer be what it has been. A lot will change from a structural perspective," said Schäuble.

Many fear that the scandal will have a negative effect on the German economy as well since VW employs more than 600,000 people worldwide and is a major part of the country's exports. Schäuble rejected these claims saying: "We will emerge from the crisis stronger. We learn from crises."

Internal Investigation

The executive committee of VW is set to meet on Wednesday evening to review the initial results of its internal emissions-rigging investigation, according to Reuters news agency. They will gather at the company headquarters in the northern German city of Wolfsburg along with a representative of the US law firm Jones Day, who will most-likely lead the external investigation.

According to Reuter's anonymous source, an engineer interviewed for the internal probe allegedly warned of illegal practices back in 2011, but no action was taken.

The leadership of the company has also changed hands with Matthias Müller taking the company reins last Friday. German prosecutors are investigating ex-CEO Martin Winterkorn for fraud.

The company admitted to cheating on diesel emissions tests in the US and manipulating tests in Europe, as well. The crisis has wiped out more than one third of the company's market value.

rs/kms (AP, dpa, Reuters)
Posted by Cempaka at 2:56 AM
Labels: , , , , , , , , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)