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Steve James
@stevejames · Jun 24

So I'm relieved, Dieselgate 2.0. is not happening.

U.S. District Judge Charles Breyer ruled that Salt Lake County, Utah and Hillsborough County, Florida cannot prove that Volkswagen $VWA.BR violated their regulations against tampering with vehicle emission control systems.

I was quite worried because of their history and especially the last settlement of this case cost the company some $30 billion.

This brings me to the question, do you take into account the company's history and their lawsuits? You know how it is - they did it once, they can do it again.

RR
Rickie Reeve @rickiereeve Jun 24

I don't understand why such a big car company would even try something like this. But I put almost no weight on it.

RB
Randolf Babcock @randolfbab Jun 24

I take that into account, but my point is more about whether it is worth it for the company to pay the fine rather than make a change. Which I don't think was the case with VW.

JB
Jason Bellier @neostonks Jun 24

I take that into consideration, but since I have 3M in my portfolio I'm a bit conflicted 😀 I'm more assessing if the dispute from the past is resolved and closed and the company has taken steps to prevent it from happening again.

RB
Ralphie Barlow @ralphiebarlow Jun 24

As an insurer, I'm aware of what each company has dealt with in the past, but mostly I'm not worried because many years have passed since then and the management is completely different.