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In Reply to: RE: Anyone here get suckered by VW? posted by LWR on September 22, 2015 at 12:59:38
The stock price was down 18% yesterday and another 18% earlier today. Screwed, glued, and tattooed.
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Reminds me of when Audi almost went under, after the sudden acceleration problems of the 5000. I think their sales went to 1/4th of previous levels. Imagine what Audi stock was then...
Audi seems to be doing well, now.
There never was such a thing as Audi stock.
Audi has been a wholly owned subsidiary of VW since 1966, before that they were known as Auto Union and owned by Daimler-Benz.
Also the 5000 never had a real problem, it was due to driver error. There are hundreds of vids on youtube showing similar sudden acceleration with all kinds of cars, all down to driver error.
60 Minutes (the TV program) rigged one 5000 up with a compressed air tank to act like the perceived problem.
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