South Korea said Tuesday it would block sales of 80 VW models and fine the company 17.8 billion won ($16 million) because the carmaker fabricated documents related to emissions and noise-level tests. The German state of Bavaria, where VW’s Audi brand is based, a few hours later announced plans to sue for as much as 700,000 euros ($783,000) over losses at a state pension fund that owns the automaker’s stock.

user-inactivated:

I wonder how much trading as a whole South Korea does with Germany. If it's not much, they probably don't have to worry about a big economic backlash for giving VW the finger.

Bavaria suing them though, is a bit upsetting. I know international lawsuits are part for the course these days between countries and their businesses, but VAG fucked up and if South Korea is doing this because they're honestly upset with VAG or just because it'll help their domestic automakers, I think they should just accept the consequences for making a very poor business decision.

I wonder what Japan and China are thinking now . . .

posted 2817 days ago