VWs Built from Left-over SAAB parts?
Posted: Fri Oct 09, 2015 10:51 pm
...or, IS VW UNDERREPORTING CLAIMS?
Earlier this year, the National Highway Traffic Safety Administration fined Honda $70 million for underreporting death and injury claims. And just last month FCA acknowledged it did the same. And now some are wondering if VW is also underreporting (death and injury) claims to NHTSA. A new study from financial advisory firm Stout Risius Ross shows that over the last decade VW reported the lowest rate of claims among the 11 largest automakers in the U.S. It’s so low that many experts think it’s too good to be true. The report compared the number of incidents reported by automakers with the number of vehicles sold by each carmaker that were estimated to still be on the road. It was then converted into a ratio of death and injury reports per million vehicles on the road. That way it’s a fair comparison between large and small automakers. GM had the highest rate at 524 incidents per million vehicles. The average was 301 per million but VW was at just 34 per million. That’s well below FCA and Honda’s rates which were at 101 and 78 per million respectively. And as we just mentioned they admitted to underreporting claims. So far VW has declined to comment on the report. Maybe there’s an explanation but the numbers don’t look good.
http://www.bloomberg.com/news/articles/ ... -reporting
Earlier this year, the National Highway Traffic Safety Administration fined Honda $70 million for underreporting death and injury claims. And just last month FCA acknowledged it did the same. And now some are wondering if VW is also underreporting (death and injury) claims to NHTSA. A new study from financial advisory firm Stout Risius Ross shows that over the last decade VW reported the lowest rate of claims among the 11 largest automakers in the U.S. It’s so low that many experts think it’s too good to be true. The report compared the number of incidents reported by automakers with the number of vehicles sold by each carmaker that were estimated to still be on the road. It was then converted into a ratio of death and injury reports per million vehicles on the road. That way it’s a fair comparison between large and small automakers. GM had the highest rate at 524 incidents per million vehicles. The average was 301 per million but VW was at just 34 per million. That’s well below FCA and Honda’s rates which were at 101 and 78 per million respectively. And as we just mentioned they admitted to underreporting claims. So far VW has declined to comment on the report. Maybe there’s an explanation but the numbers don’t look good.
http://www.bloomberg.com/news/articles/ ... -reporting
