The Lemon Fool

http://www.bbc.co.uk/news/av/world-us-c ... california

Seems that VW is stuck with over £5 billion worth of cars they had to buy back in the US. What will they do with them? What an environmental disaster on all counts.

John

They cannot sell them into the UK market as it will undermine their business model in the UK.

I suspect they will be sold into the Chinese, Indian and Asian markets where environmental rules are way more lax.

redsturgeon wrote:http://www.bbc.co.uk/news/av/world-us-canada-43592885/volkswagen-s-car-graveyard-in-california

Seems that VW is stuck with over £5 billion worth of cars they had to buy back in the US. What will they do with them? What an environmental disaster on all counts.

John

"VW have 37 of these car 'car parks'. This one is based in Caifornia"

Based in? Does it go home at the weekends or something?

Ashfordian wrote:They cannot sell them into the UK market as it will undermine their business model in the UK.

I suspect they will be sold into the Chinese, Indian and Asian markets where environmental rules are way more lax.

Not to mention LHD vs RHD !

John

And they're all being serviced and maintained, which surely implies that VW intends to sell them one day. Well, either that, or there's some devious tax angle that makes it better not to simply write them off. (I suppose they're still worth a billion or two on the balance sheet?)

I can't see how dumping them onto some third world market would do anything but harm to Volkswagen's image, though. Maybe North Korea would take them?

BJ