Australia's largest stock trading and investment forum Australia's #1 stock forum

Toyota is alleged to have done a VW Diesel cheat too, page-2

First 2 Last

Share
Profile

Follow
lucky 992

3,502 Posts.

133

21/10/22

11:03

Post #: 64317081
Share

Originally posted by moorookamick: ↑

Here is the link

https://thenewdaily.com.au/news/national/2022/10/18/toyota-lawsuit-emission-claims/?utm_source=Adestra&utm_medium=email&utm_campaign=News%20Alert%20-%2020221018VW paid out $2800 a pop.
With half a mil vehicles potentially involved and if tjhis case is successful, it could mean $1.4 Billion + fines in Aus alone!

Globally Toyota sells about 10 million vehicles P/A and 250,000 in Aus (2.5% of its total global sales.)

If this costs Toyota say $1.4 billion in Aus then if its diesel mix of vehicles sold globally is similar to Aus ,
then this could pan out at $56 Billion + fines......nothing to sneeze at....eh?

Diesel cheat cost VW $34.69 Billion USD ($59 billion AUD)

Expand

Its funny how vw is always singled out when nearly all of the diesel manufacturers were found guilty.....
Ignorance I guess.

No, i am not a vw fan.
2 Upvote

Reply

Top Stories

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

AII

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

First 2 Last

SPONSORED BY