If they still make a profit ultimately from the decision to cheat, then the penalty is not severe enough. Remember that its not just the fine, its also lost customers in the future, the buyback of vehicles, and a huge loss in stock price.It's smart for them but horrible for consumers, they make a killing from the start and with what they end up having to pay in the end, they still come out on top. With big brands there's a lot of loyal customers that will still stick with the brand even when real concerns like this come up.
Did you see this story about a guy who marked up a drug about 5000%?You see the same thing happening in big pharma... They release new meds knowing full well there are potentially deadly long term use side effects. BUT. They make so much money selling the drug initially that by time the lawsuits for wrongful death and such start coming around, they spend a fraction of it getting themselves through court and still come out will billions to spare.
I'm torn to think, does big money make people terrible or are terrible people better at making big money?
http://www.theatlantic.com/health/a...turing-pharmaceuticals-martin-shkreli/406546/The drug company Turing Pharmaceuticals is under fire after a New York Times article published Sunday detailing how it raised the price of a toxoplasmosis drug by more than 5,000 percent after acquiring the drug in August. One tablet of Daraprim used to cost $13.50; now, after its acquisition by Turing, it costs $750 per tablet.
"The most hated man in America" -- that is an impressive feat given that he has some very, very stiff competition.Oh yes. i've kept updated on it. He's now marking it back down again after all the hate he got online. They're saying he's currently the most hated man in america.
Paris is trying to ban diesel vehicles by 2020 in the downtown core. It will just make the market for diesel smaller if policies like these catch on.The revelation last month of Volkswagen’s deception, which involved fitting diesel engines with software to cheat U.S. checks on NOx emissions, has left Europe rushing to address weaknesses in its regulatory system. The commission, the 28-nation EU’s executive arm, aims for the bloc’s governments to vote on its proposal for tougher tests by the end of October. A weighted majority of EU governments is needed for any proposal on real-driving emissions, or RDE, to be approved.
