Volkswagen Flushes Chance Of Dividend Payout As #DieselGate Costs Estimates Soar to $34 Billion

Volkswagen Group may suspend its 2015 dividend payout as the costs of its diesel-emissions scandal rise higher, the German news agency DPA reported.

"There is no sign that shareholders might even be able to hope for a single cent," the agency reported, citing a VW board member as its source.

The scandal could cost VW to 30 billion euros ($34 billion) in vehicle recalls, legal action and fines around the world, according to analysts estimates

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PUGPROUD - 3/30/2016 9:53:05 AM

+3 Boost

Drip...drip...drip...the cash costs keeps flowing. If the estimate is $34 billion at this early stage the actual costs when fully revealed over time will likely surpass $50 billion by a little or a lot. Drip...drip...drip!

mini22 - 3/30/2016 6:50:54 PM

+2 Boost

Ok so the obvious question is this. What in the long run is going to cost VW less money.
A) To continue to fight to stay in the US market and continue to spend more money on new products that may or may not sell in the US.
B) Pay off the existing VW dealers a closing fee and abandon the US entirely.
C) Pull VW and sell Seat or Skoda in the US. Yes there will be start up costs but due to US buyer ignorance a different brand might be the reset VAG needs to properly build up US sales.