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    Volkswagen Emissions Scandal: by Pinky Hemrom

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    xilo
    Volkswagen was caught installing software on 11 million diesel vehicles worldwide to cheat on emissions tests. The scandal affected Volkswagen's smaller diesel cars and caused them to emit nitrogen oxide pollutants up to 40 times the legal limit. In response, Volkswagen suspended engineers, the CEO resigned, and the company faces billions in fines and recall costs. Volkswagen plans to regain trust by accelerating efficiency, adding new emissions technology, and shifting focus to electric vehicles while strengthening operations in North America.

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    Volkswagen Emissions Scandal: by Pinky Hemrom

    Uploaded by

    xilo
    78 views6 pages
    Volkswagen was caught installing software on 11 million diesel vehicles worldwide to cheat on emissions tests. The scandal affected Volkswagen's smaller diesel cars and caused them to emit nitrogen oxide pollutants up to 40 times the legal limit. In response, Volkswagen suspended engineers, the CEO resigned, and the company faces billions in fines and recall costs. Volkswagen plans to regain trust by accelerating efficiency, adding new emissions technology, and shifting focus to electric vehicles while strengthening operations in North America.

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    Volkswagen was caught installing software on 11 million diesel vehicles worldwide to cheat on emissions tests. The scandal affected Volkswagen's smaller diesel cars and caused them to emit nitrogen oxide pollutants up to 40 times the legal limit. In response, Volkswagen suspended engineers, the CEO resigned, and the company faces billions in fines and recall costs. Volkswagen plans to regain trust by accelerating efficiency, adding new emissions technology, and shifting focus to electric vehicles while strengthening operations in North America.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    78 views6 pages

    Volkswagen Emissions Scandal: by Pinky Hemrom

    Uploaded by

    xilo
    Volkswagen was caught installing software on 11 million diesel vehicles worldwide to cheat on emissions tests. The scandal affected Volkswagen's smaller diesel cars and caused them to emit nitrogen oxide pollutants up to 40 times the legal limit. In response, Volkswagen suspended engineers, the CEO resigned, and the company faces billions in fines and recall costs. Volkswagen plans to regain trust by accelerating efficiency, adding new emissions technology, and shifting focus to electric vehicles while strengthening operations in North America.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 6

    Volkswagen Emissions

    Scandal
    By Pinky Hemrom
     Volkswagen was founded in 1937, to manufacture the car which
    would become known as the Beetle. 
     Volkswagen, headquartered in Wolfsburg, Germany is one of the
    most iconic automobile manufacturers in the world.
    About  Parent Company : Volkswagen AG
    Volkswagen  It operates more than 60 production plants around the world.
     The company has operations in approximately 150 countries and
    operates 100 production facilities across 27 countries.
     To overcome fundamental problems with the company’s system to
    for controlling harmful emissions by it’s smaller diesel cars
    Causes of the  Inadequate internal controls
    Scandal  Ambitious goals
     Tiff with former CEO
     11 million cars affected worldwide (5,00,000 cars in US; 70,00,000
    cars in Europe)
     Engines emitted nitrogen oxide pollutants up to 40 times above
    Consequences what is permitted in the US that may result in 1m tonnes of air
    pollution every year
    of the scandal   VW recalling millions of cars worldwide from January 2016 for
    which it has set aside €6.7bn ($7.3bn) to cover costs. That resulted
    in the company posting its first quarterly loss for 15 years of €2.5bn
    ($1.84 bn) in October 2015
     Volkswagen is conducting an internal investigation, aided by U.S.
    law firm Jones Day.
     VW suspended at least two engineers — Ulrich Hackenberg, an
    Audi executive who was head of technical development at the VW
    Steps taken by brand; and Wolfgang Hatz, a Porsche manager who was responsible
    for engines and transmission systems across the VW group
    Volkswagen  Martin Winterkorn, the CEO of VW Group resigned 5 days after
    the scandal broke out. Matthias Muller, CEO of Porsche has taken
    over
     In U.S Volkswagen has promised owners $500 in cash plus $500 in
    gift cards -- at a cost of about $250 million.
     "My most urgent task is to win back trust for the Volkswagen Group - by
    leaving no stone unturned,"
    (Mr. Matthias Muller, new CEO of Volkswagen )
     Volkswagen needs to demonstrate a renewed commitment to the
    environment, consumers and its own integrity in order to recover its brand
    image.
    Future plan for  Volkswagen is accelerating efficiency program to improve profitability

    Volkswagen  Plan to equip all cars with Adblue technology and selective catalytic
    reduction
     Increase focus on plug-in hybrids and electric vehicles.
     The markets in USA, Mexico, and Canada will be combined and
    significantly strengthened to form a new North America region
     Volkswagen will mandate new and stricter emissions testings which will be
    verified by an independent third party

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