In this day and age of news reports coming from every direction and hemisphere saying things such as
the oceans are upwards of 3 times warmer in spots than they were 40 years ago, that upwards of half of all marine life has died off due to polution and warming, that more species are currently close to or at extinction levels (including several shark species) than ever before in modern history, all of which means it's not merely a "liberal agenda", it makes a story like this VW thing a bid deal in the majority of people's minds, thus there are simply going to be certain laws in place that govern vehicle emission rates.
It also means (and this part in particular really should be a no-brainer) that any auto maker who not only flouts those emission laws but
willfully and purpusely designs and installs technology to hide the true emission levels their cars create is going to get the proverbial ass-reaming, both publically and financially. And in my opinion rightly so.
Crying that the law is a stupid law is an irrelevant side argument. Saying "it's a liberal thing", hogwash. You may as well say something equally inaccurate like "there are no conservative environmentalists". Governments are under an immense amount of pressure to not only uphold existing laws (such as this one) but to actually do MORE about it, and if you think that that pressure only comes from people of the political left you're daft.
It won't bankrupt VW, I was mostly kidding before. But owners are going to take a big hit on any resale value they were hoping for. Many are joining together and forming class action suits over this as we speak. Where it will all lead I couldnt say, but one thing I do know for certain is that VW's stock has dropped significantly. It will very likely continue to drop for a while yet, but at some point they'll start to recover from this and bounce back. What am I driving at you ask?
Buy low, sell high... anyone? Anyone??
Anyone buying? Is the market overreacting to this so-called scandal?