NexusFi: Find Your Edge


Home Menu

 





VW scandal and impact on German economy


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one GFIs1 with 244 posts (381 thanks)
    2. looks_two rleplae with 50 posts (71 thanks)
    3. looks_3 SMCJB with 25 posts (53 thanks)
    4. looks_4 Fat Tails with 23 posts (51 thanks)
      Best Posters
    1. looks_one Fat Tails with 2.2 thanks per post
    2. looks_two SMCJB with 2.1 thanks per post
    3. looks_3 GFIs1 with 1.6 thanks per post
    4. looks_4 rleplae with 1.4 thanks per post
    1. trending_up 157,439 views
    2. thumb_up 759 thanks given
    3. group 21 followers
    1. forum 461 posts
    2. attach_file 28 attachments




 
Search this Thread

VW scandal and impact on German economy

(login for full post details)
  #1 (permalink)
 
rleplae's Avatar
 rleplae 
Gits (Hooglede) Belgium
Legendary Market Wizard
 
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
Posts: 3,003 since Sep 2013
Thanks Given: 2,442
Thanks Received: 5,860

What is the most likely impact of the VW scandal on the German (European) economy ?
  • Germany represents +/- 21% of EU GDP
  • Current 1.8% growth will be impacted for sure
  • German car export is 200 B, 20% of German export
  • German car industry employs 775.000 people

Seems like this has a bigger impact than the Greek turmoil, for the European economy which is
already not in top shape and we are currently still in a QE program for another year...

The future numbers will be interesting, so is the evolution of the from a fundamental point of view...

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Do 5-days or 7-days constitute a Multiweek Channel?
Currencies
convert tradingview pinescript to ninjascript indicator …
The Elite Circle
Any experience with Affordable Indicators - Duplicate Ac …
Trading Reviews and Vendors
Your experience with VPS Ninjamobiletrader ?
Trading Reviews and Vendors
Optimal Futures Trading Workflow
Platforms and Indicators
 

(login for full post details)
  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Swing Trader
Data Scientist & DevOps
 
Experience: Advanced
Platform: Custom solution
Broker: Collect them all
Trading: Equities, Futures & Crypto
Posts: 49,965 since Jun 2009
Thanks Given: 32,943
Thanks Received: 100,920


Can you briefly tell me what the scandal is? I don't watch TV news, haven't heard much about this.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Lifetime Elite Membership: Sign-up for only $149 USD
Receive exclusive offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
(login for full post details)
  #4 (permalink)
 
TheShrike's Avatar
 TheShrike 
Bridgeport, Ct
Hi Mom!
 
Experience: None
Broker: Tasty
Trading: Fops
Posts: 532 since Jun 2012
Thanks Given: 1,587
Thanks Received: 920

In a nutshell, VW group (which includes Audi, Bentley, Bugatti, Lamborghini, and Porsche) installed special software to defeat emissions testing in millions of their cars since 2009. Basically they pollute like hell until emissions hooks up their testing device and then the cars run "clean" to pass emissions. I own a VW and love it, but this looks very bad for them.

edit : diesel motors only

Reply With Quote
The following 3 users say Thank You to TheShrike for this post:
(login for full post details)
  #5 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Swing Trader
Data Scientist & DevOps
 
Experience: Advanced
Platform: Custom solution
Broker: Collect them all
Trading: Equities, Futures & Crypto
Posts: 49,965 since Jun 2009
Thanks Given: 32,943
Thanks Received: 100,920


TheShrike View Post
In a nutshell, VW group (which includes Audi, Bentley, Bugatti, Lamborghini, and Porsche) installed special software to defeat emissions testing in millions of cars their cars since 2009. Basically they pollute like hell until emissions hooks up their testing device and then the cars run "clean" to pass emissions. I own a VW and love it, but this looks very bad for them.

Nice. How bad is the difference between 'clean' and normal mode?

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Lifetime Elite Membership: Sign-up for only $149 USD
Receive exclusive offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
(login for full post details)
  #6 (permalink)
 
TheShrike's Avatar
 TheShrike 
Bridgeport, Ct
Hi Mom!
 
Experience: None
Broker: Tasty
Trading: Fops
Posts: 532 since Jun 2012
Thanks Given: 1,587
Thanks Received: 920

They are saying about 10x to 40x more pollution when the cars are operating on the road.

Reply With Quote
The following 3 users say Thank You to TheShrike for this post:
(login for full post details)
  #7 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Swing Trader
Data Scientist & DevOps
 
Experience: Advanced
Platform: Custom solution
Broker: Collect them all
Trading: Equities, Futures & Crypto
Posts: 49,965 since Jun 2009
Thanks Given: 32,943
Thanks Received: 100,920


TheShrike View Post
They are saying about 10x to 40x more pollution when the cars are operating on the road.

Holy shit.

Yeah, so when are they filing bankruptcy?

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Lifetime Elite Membership: Sign-up for only $149 USD
Receive exclusive offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
The following user says Thank You to Big Mike for this post:
(login for full post details)
  #8 (permalink)
 
rleplae's Avatar
 rleplae 
Gits (Hooglede) Belgium
Legendary Market Wizard
 
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
Posts: 3,003 since Sep 2013
Thanks Given: 2,442
Thanks Received: 5,860


Big Mike View Post
Can you briefly tell me what the scandal is? I don't watch TV news, haven't heard much about this.

Mike

The firmware in the injection system has some code in it that allows it to
Detect that the car is being tested... The engine then goes then in a special
Eco mode that allows it to pass environlental requirements, but then you
Don't have the power...

In normal mode seems those engines do not conform the specs nor
The legal requirements

This is going on for many years
Several types impacted
Massive recall...

Vw put asside already 7 or 8 billion USD
Ceo stepped down
Clash actions will be all over the place...

Only the tip of the iceberg
The share crashed

But i am thinking on economical impact....
This is potential serious...

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to rleplae for this post:
(login for full post details)
  #9 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,694

I don't understand why they just didn't keep the firmware running at all times? Why only run it during test?

Visit my NexusFi Trade Journal Reply With Quote
(login for full post details)
  #10 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Posts: 8,086 since Jan 2013
Thanks Given: 56,707
Thanks Received: 26,024



tturner86 View Post
I don't understand why they just didn't keep the firmware running at all times? Why only run it during test?

Because it reduces the performance and gas mileage. I have heard it phrased that they decided they could either make "a clean car or a fun car," and that they chose the one that would sell more.

Then they had to fake the clean part for the regulators, but turn it off for the drivers.

Bob.

Reply With Quote
The following 3 users say Thank You to bobwest for this post:





Last Updated on June 27, 2023


© 2023 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts