Volkswagen starts the withdrawal of a further one million cars involved in Europe in the ‘dieselgate scandal “. He said the CEO of the automaker, Matthias Müller, acting general assembly of Volkswagen underway in Hanover, declaring that the German approval authority KBA (Kraftfahrt-Bundesamt) has given the go ahead with the procedure. And the expectation is that the number will grow again. The operator has so far approved the technical solution proposed for more than 3.7 million cars, said the top German manager before the plenary, including models VW, Audi, Skoda and Seat. “We expect to accelerate the campaign calls”, has explained Mueller.
Refunds
cars of the VW group 8.5 million’m so involved in emissions scandal Europa.Il manager explained that the impact of the scandal it is “very strong” and that the automaker “still has a long way to go to investigate and digest the crisis. VW will add a diesel particulate filter to its fleet of TSI petrol engines and TSFI, starting from the model SUV Tiguan 1.4-liter TSI and the Audi A5 in June 2017. The President of the Hans Dieter Poetsch group added that the board of surveillance is considering a claim for damages to current and former members of the management.
the apology
It is probably the meeting of shareholders most difficult in the history of the Volkswagen underway today in Hanover, which saw the new vertex to speak to apologize for the scandal “dieselgate”, which inflicted serious damage to the image and the finances of the German giant of ‘ car. “On behalf of the Volkswagen Group and everyone who works here, I apologize to you shareholders for the betrayal of your faith in Volkswagen,” said the manager, “this misconduct goes against all principles of Volkswagen.” Today is the first meeting after the explosion, last September, the case of software that allowed to defraud the controls on polluting emissions, providing the lowest data collection of the regular members. The software is installed results in hundreds of thousands of diesel vehicles, forcing the company to recall colossal and expensive legal process. Two days ago it emerged that the German judiciary has launched an investigation against the Müller’s predecessor, Martin Winterkorn, accused of manipulating the stock market of the company’s securities.
shareholders
in addition to Winterkorn, is investigating another senior executive, which the investigators have not disclosed the name. A company spokesman, however, reported that it would be Herbert Diess, head of the Volkswagen brand. The software installation manipulated in 11 million cars worldwide has forced the group to set aside 16 billion euro for legal costs, even incalculable in light of subpoenas that keep coming. And the first red appeared in the budgets of the manufacturer in twenty years (1.6 billion loss at the end of 2015) was accompanied by a collapse of the stock market value of Volkswagen shares equal to 40% last fall. At the moment the company stocks still have a lower price by 26% to the previous quotations scandal. Müller, who came to the helm of the group shortly after following the explosion of the case, he tried to look optimistically to the future: “The crisis has also opened the doors. He forced us to strengthen and accelerate the changes needed for some time and to set new priorities. Turn this crisis into an opportunity has been my goal from the beginning. ” The voting rights in the hands of small shareholders amounted to only 11%. The major shareholders are Volkswagwen made the Porsche and Piech founding families, which together control 52% of the capital, the state of Lower Saxony (20%) and the sovereign fund of Qatar (17%). The delegate of the monarchy, to Hessa Jaber, said she was on her part believes that the new leadership “wants to genuinely relaunch the company.”
June 22, 2016 (edited June 22, 2016 | 15:24)
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