Submission + - Burnt-out ship carrying 4,000 vehicles sinks, costing VW at least $155 million (autonews.com) 2
McGruber writes: The cargo ship that caught fire in the Atlantic while transporting roughly 4,000 Volkswagen Group vehicles to the U.S. has sunk despite efforts to tow it to safety.
“The weather was pretty rough out there,” Pat Adamson, a spokesperson for MOL Ship Management, a unit of Mitsui OSK Lines Ltd., said by phone. “And then she sank, which was a surprise.”
In a projection assuming all vehicles would be lost, the risk-modeling company Russell Group last week estimated that the incident could cost the automaker at least $155 million. About $438 million worth of goods were aboard the ship, $401 million of which were cars.
Earlier story: https://hardware.slashdot.org/...
“The weather was pretty rough out there,” Pat Adamson, a spokesperson for MOL Ship Management, a unit of Mitsui OSK Lines Ltd., said by phone. “And then she sank, which was a surprise.”
In a projection assuming all vehicles would be lost, the risk-modeling company Russell Group last week estimated that the incident could cost the automaker at least $155 million. About $438 million worth of goods were aboard the ship, $401 million of which were cars.
Earlier story: https://hardware.slashdot.org/...
Risk Mitigation 101 (Score:2)
“And then she sank, which was a surprise.”
Hmm, let's see...multi-billion dollar conglomerate with a proven track record of doing whatever it takes to maintain stock value.
What's that you say? The hull was suddenly attacked by a group of rare Limpet Mine Turtles? Crazy how those damned Acts of Nature come with timers...
What about the ecosystem? (Score:2)