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Volkswagen Emission Scandal
- 1. Diesel Gate Utsav Agrawal VaibhavChawla Viswak Aanur Ganapathi Sooraj Edayattu Manoharan HTW Berlin- Automotive Management 1 - WS 2015/16 1
- 2. Introduction • What ? •How ? • Why ? • When ? • Where ? • Who ?
- 3. Automotive Management 1- WS 2015/16 3
- 4. Automotive Management 1- WS 2015/16 Brands Affected 4 Source : Volkswagen Interim Report Oct 28, 2015
- 5. The TDI League AutomotiveManagement 1 - WS 2015/16 5 League 2.0 League 3.0
- 6. 1973 1995 • Temperature sensingswitches which cut out pollution controls at lower temperature. • 25000 vehicles. • Fined for Violation of Clean air act • Paid 120,000$ without admitting wrongdoing • Circumventing Pollution controls • 470,000 Cadillac sedans with 4.9 Liter V8 engines. • Pollution controls turned off when Air-conditioning is turned ON. • 45 million $ History Automotive Management 1 - WS 2015/16 6 Source : Forbes.com
- 7. 2005 Adopted Daimler Ad-blu 2006 Hint of entry into USDiesel Market 2007 Audi launches its Diesel in U.S Detroit Motor Show. 2008 VW Jetta 2009 Clean Diesel TDI 2009- Audi A3 2010 Clean Diesel TDI Evolution Automotive Management 1 - WS 2015/16 7
- 8. 2013-14 John German PeterMock JRC Europe identified on road emissions to exceed 4 to 7 times Euro standards Automotive Management 1 - WS 2015/16 8 Source : WVU_LDDV_in-use_ICCT_Report_Final_may2014
- 9. Dr .Gregory JThompson Mr. Marc C. Besch Mr. Daniel K Carder Mr. Arvind Thiruvengadam 2014 • May- communicated the result of study to US- EPA & CARB. • Dec 2014 – VW agreed upon for a recall Automotive Management 1 - WS 2015/16 9
- 10. 2015 April 2015 EmissionService Action letters to customers Automotive Management 1 - WS 2015/16 10 September 2015 September 2015- Volkswagen Deception exposed Source : US-EPA
- 11. Technology Manipulation Automotive Management1 - WS 2015/16 11 Lean Fuel Mixture – On road Rich Fuel Mixture – On test platform Source: jalopnik.com
- 12. Type Approval Automotive Management1 - WS 2015/16 12 Source : US-EPA
- 13. Real World Emission AutomotiveManagement 1 - WS 2015/16 13
- 14. Possible Solutions • Reprogrammedsoftware • Larger NOx trap • Selective Catalyst Reduction Automotive Management 1 - WS 2015/16 14
- 15. The Ripple Effect AutomotiveManagement 1 - WS 2015/16 15 Source : Volkswagen Interim Report Oct 28, 2015
- 16. Automotive Management 1- WS 2015/16 16 Top Management Restructure Sep 23rd Sep 25th Source : Volkswagenag.com
- 17. The New Board Dr.Herbert Diess Chairman of the Board of Management of the Volkswagen Passenger Cars brand Dr. rer. pol. h. c. Francisco Javier Garcia Sanz Functional Responsibility 'Procurement' Prof. Dr. rer. pol. Dr.-Ing. E. h. Jochem Heizmann Functional Responsibility 'China' Prof. h. c. Dr. rer. pol. Horst Neumann Functional Responsibility 'Human Resources and Organization' Andreas Renschler Functional Responsibility 'Commercial Vehicles' Prof. Rupert Stadler Chairman of the Board of Management of Audi AG Frank Witter Functional Responsibility 'Finance and Controlling' Automotive Management 1 - WS 2015/16 17 Source : Volkswagenag.com
- 18. • Commissioned JonesDay- A U.S Based law firm from October 1st • Actions against responsible department heads Mr Frank Tuch – Head of Quality Control Mr Richard Dorenkamp- Head of Technical Development low emission engines. Mr Falko Rudolph- Head of development of diesel engines Mr Ulrich Hackenberg, Audi management board member Mr Wolfgang Hatz, Porsche’s management board Mr Heinz-Jakob Neusser, Management board member of VW • Ms Christine Hohmann-Dennhardt as new board member for Integrity and Legal Affairs from Jan 2016 Management Actions Automotive Management 1 - WS 2015/16 18 Source : Reuters.com
- 19. Measures Automotive Management 1- WS 2015/16 19 Source : Bloomberg
- 20. Automotive Management 1- WS 2015/16 20 Source : Newyork times
- 21. The Bear orthe Bull ? Automotive Management 1 - WS 2015/16 21 Source : Credit Suisse/
- 22. Expensive ! 900 million 1.2 billion ? Automotive Management1 - WS 2015/16 22 Source : http://fortune.com/2015/09/26/auto-industry-scandals/
- 23. Market Capitalization Automotive Management1 - WS 2015/16 23 Source : Yahoo finance
- 24. Competitors Automotive Management 1- WS 2015/16 24 Source : Yahoo finance
- 25. German Engineering Automotive Management1 - WS 2015/16 25 Source : Yahoo finance
- 26. Major Shareholder Automotive Management1 - WS 2015/16 26 Source : Yahoo finance
- 27. Rescinded Automotive Management 1- WS 2015/16 27 Source : AutoBlog.com
- 28. Profit or Values AutomotiveManagement 1 - WS 2015/16 28 Source: Telegraph.co.uk
- 29. Poor Decisions ? NOXcontrol technologies for Euro 6 Diesel passenger cars – ICCT – Sep 2015 + Own Illustration Automotive Management 1 - WS 2015/16 29 Vs 37500$ / Car
- 30. Lee Iacocca • Publicizethe issue and state of the company. • Information Penetration Back and forth Automotive Management 1 - WS 2015/16 30 Source: Lee Iacocca & Chrysler Rescue
- 31. References • http://www.volkswagenag.com/content/vwcorp/info_center/en/news/2015/09/VW_Kaluga.html • http://www.reuters.com/article/2015/09/24/us-usa-volkswagen-letters-exclusive- idUSKCN0RO0BD20150924#5AL1tMWG1uPWmMr6.97 •http://www.bloombergview.com/articles/2015-09-23/volkswagen-and-the-epa-s-dirty-little-secret • http://jalopnik.com/understanding-the-test-mode-that-let-vw-trick-the-emiss- 1732175835?sidebar_promotions_icons=testingon&utm_expid=66866090- 67.e9PWeE2DSnKObFD7vNEoqg.2 • http://www.theguardian.com/business/2015/oct/16/volkswagen-market-share-declines-in-september • http://www.forbes.com/sites/dalebuss/2012/09/18/volkswagen-grows-up-with-new-why-vw-marketing- campaign/ • http://www.cnbc.com/2015/10/15/watchdog-orders-vw-to-recall-24m-vehicles-report.html • http://www.bbc.com/news/business-34536573 • http://arstechnica.com/cars/2015/10/volkswagens-emissions-cheating-scandal-has-a-long-complicated- history/ • http://www.independent.co.uk/news/business/analysis-and-features/volkswagen-emissions-scandal- forty-years-of-greenwashing-the-well-travelled-road-taken-by-vw-10516209.html • http://fortune.com/2015/09/26/auto-industry-scandals/ • www.forbes.com • www.telegrapgh.co.uk Automotive Management 1 - WS 2015/16 31
- 32. CONTINUES... Automotive Management 1- WS 2015/16 32