KWG Resources Inc C.CACR

RE:VW CEO says EV battery plant planned for Ontario could becom

[HaulJockey]

I'm all for the ROF but this story has me shaking my head.

Isn't VW the company that deliberately falsified emissions tests via onboard computers to fool testing centers into believing emissions were lower than they actually were? Billions in criminal fines and now just 8 years later, Ontario is rewarding them with billions for a car plant?! Sure, it'll be good for jobs etc., but are these the guys we want? They've shown what corruption they're capable of and now they're working with the Trudeau government.., ah.., now it makes sense.

As per Wikipedia below.

In September 2015, the EPA announced that Volkswagen had violated the Clean Air Act by installing illegal software into their diesel vehicles.^[39] Regulators in multiple countries began to investigate the automaker,^[39] and its stock price fell in value by a third in the days immediately after the news. Volkswagen Group CEO Martin Winterkorn resigned, and the head of brand development Heinz-Jakob Neusser, Audi research and development head Ulrich Hackenberg, and Porsche research and development head Wolfgang Hatz were suspended.^[40] Volkswagen announced plans in April 2016 to spend €16.2 billion (US$18.32 billion at April 2016 exchange rates) in relation to the scandal,^[41] and agreed in June 2016 to pay up to $14.7 billion to settle civil charges in the United States.^[42] In January 2017, Volkswagen pleaded guilty to criminal charges and signed an agreed Statement of Facts, which set out how the company's management asked engineers to develop the defeat devices, because its diesel models could not pass US emissions tests without them, and deliberately sought to conceal their use.^[43] In April 2017, a US federal judge ordered Volkswagen to pay a $2.8 billion criminal fine for "rigging diesel-powered vehicles to cheat on government emissions tests".^[44] Winterkorn was charged in the United States with fraud and conspiracy on 3 May 2018.^[15] As of 1 June 2020, the scandal had cost VW $33.3 billion in fines, penalties, financial settlements and buyback costs.^[45] Various government and civil actions are currently undergoing in the U.S., as well as the European Union, where most of the affected vehicles are located; while they remain legal to drive there, consumers groups and governments seek to make sure Volkswagen has compensated these owners appropriately as they had to do in the United States.