Courtesy of the New York Times, here’s a bit of reporting that is emblematic of the way the press has covered the Volkswagen emissions-cheating scandal:
Volkswagen said on Tuesday that the scandal would cut deeply into this year’s profit. And the company’s shares plunged again, ending the day 35 percent below the closing price on Friday, before news of the diesel deception broke. As a result, the company’s stock market value has declined about €25 billion in two days of trading.
The media have covered the VW story with great vigor, to my ear, more even than the GM ignition scandal that claimed more than 120 lives — the number that GM so acknowledges. But most of the VW coverage is about money, not health and not the environment, even though both are clearly in play.
Another Times story focuses on the litigation that is certain to grow out of the company’s cheating. In it, we learn that a plaintiffs’ lawyer in Seattle is seeking clients via YouTube, and that he’s not the only legal eagle in the pursuit of class-action opportunities. The story includes this little gem:
Also, unlike many other automotive cases such as those recently involving General Motors and Toyota, the Volkswagen episode does not involve deaths, injuries or vehicle safety. Instead, the case’s issues — and the potential difficulties in resolving it — will involve assessing the type ...