VW and the price of the US market - risk for the German economy?

Everyone wants to work in a market with 300 million population, GDP per citizen of $ 54600 and an average household income of $ 53700. Here it can add and the political and military priorities of the US globally. Each market, however, has no clear or very clear price.

On the other hand, the German auto industry in 2014 worked 775 000 people. This makes about 2% of the workforce in the country. According to Reuters, last year the auto industry has made exports of € 200 billion, which is about 20% of the total exports of Germany. For its part, Volkswagen group has produced for 2014 a total of 9.5 million vehicles, of which 600,000 were sold in the US. What will be their sales in the United States henceforth yet no one is willing to provide. The problem with the market, however, is more serious because it can be transferred to other manufacturers from Germany. AutoBild quoted ICCT, that BMW model exceeds 11 times the EU limit values ​​for emissions. The company categorically denies, while German Institute for Economic Research (DIW) warned that if car sales go down will severely suffer not only manufacturers, but also the entire economy of Germany, and hence the Eurozone.

Now the German group to be paid part of the cost. The expected fine will be slightly less than the record only paid by the British BP on federal and state separately 5 ($ 18.7) for damages to the environment after an oil spill. In this sense, «Dizelgeyt" can radically change the strategy of Volkswagen and their intentions not only for the US market, but also for leadership globally. A shareholder, the current fluctuation in the price of shares 100 may become a new unattainable memory.

In general, US law imposing huge fines to regulate relations between individual corporations and government requirements. No real practice these fines can be challenged or avoided. According to estimates Morgan Stanley (who also paid a "crisis" fine of $ 2.6 billion) - a total of five American and 20 European banks in 2009 paid a total of $ 260 billion, as the forecast is for another $ 60 billion over the next two years. Greater personal costs are incurred only tobacco corporation Philip Morris, RJ Reynolds, Brown & Williamson, Lorillard and Liggett & Meyers, who in 1998 signed a contract to pay during 2025 a total of over $ 246 billion.