Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Takata is bankrupt because the US imposed a $1B fine on the corporation for marketing defective equipment said to have killed eleven US vehicle passengers to date.

VW is not bankrupt despite US fines totaling $14B because either (1) VW is a 'systemically significant' financial services beneficiary protected by the German hegemon,(2) current and future VW earnings belie bankruptcy calculations (3) DoJ cannot identify 16 and 94 deaths over seven years with any specificty attributable to VW 'clean diesel' emissions but not US commercial and municipal fleet 'clean diesel' emissions,(4) the US is not a leader of GHG mitigation, and (5) BoJ is not 'bailing out'either Takata, GM, or VW.

Diversity is the key to economic and political evolution.

by Cat on Thu Jun 29th, 2017 at 03:31:01 PM EST
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