I get your argument, but if you buy a car and it says 140hp in the brochure, and after this big mess is cleaned up you are left with a 140hp car that suddenly feels slow - you have no legal claim that you were cheated out of power.
The TDI in question hits peak power at 2500, which is the target rpm for smogchecks. I don't think emissions and hp have an obvious relationship.
If it was that simple this wouldn't be an issue. What VW needs to do is install a newly-engineered urea system, but the space required for the tank will probably kill this solution. It would also cost about $6k in a best-case scenario. What VW will probably do is a software update, which will lower power and mileage, and then give each car owner a check for $3k for lying about its stats. Some will opt not to get the fix and VW will probably have to pay a special fine for each of those cars to get the EPA to "ignore" them.
I'm gonna go with cockroach theory here. We already went from 500k to 11m in a day. This will expand to Seat Skoda, Scania, Man; will expand to MANY more countries; and I have a hunch they will find something similar - although far less insidious - in their gasoline models. Then you have the lost sales for the next few years, lost trust and sales in their other models, and dealer ramifications. Don't forget the plethora of GLOBAL lawsuits, and finally EPA and CARB fines, which I am betting will be as harsh as possible. I actually think the company is in very serious trouble here... as serious as it gets. I expect this to drip down for at least 6 months, and maybe cut in half from here to~ $12. No position and I have loved VW my whole life; just calling it as I see it.
The rated horsepower and torque is taken when the car is on a dyno and/or on a smogcheck. What you will lose with a fix is the "free" power you get outside that mode, which is fairly substantial. So the car will feel weaker, but will still have what it was rated for. VWs are notoriously under-rated (now we know why). As for mileage I have no idea. What VW needs to do is retrofit a complete urea system to the old cars, but from what I've heard there is no room for the tank, so VW is only offering software flashes; I have also heard owners can choose not to get updated... which implies VW will just pay off a huge fine and those cars will simply remain dirty.
They are a self-admitted mouthpiece for big money. About 15 years ago Thomson bought Reuters. First thing they did was fire all the old (real) news Editors and replace them with young wallstreet jerks, ala Merrill Lynch among others. Thomson harvests info and trends; then Reuters disseminates. Pretty useful tool for making big money. When ELN went down Reuters actually published a hit piece with "death" in the title that was completely false. The article was updated 12 minutes later, but ELN had plummeted 50% in 15 minutes. This was the biggest insider trading scam in history and Reuters was the tool that made it work. The Street does the same thing but on a much smaller level.
Are you really this stupid? CHK wrote down assets because they CAN. Never let a good opportunity go to waste. If they didn't write down assets that would be grounds for firing. And in a couple years when all that "value" is re-realized investors will be soooo happy.
But you're not trading miners, let alone gold. You are trading a highly complicated leveraged paper derivative targeting a sampling of an industry that is at best breaking even right now; zero zero zero physical backing of this paper-pyramid scheme. Notice the price of physical gold has only moved 1/2 % today.