Analysis of the Volkswagen Scandal Possible Solutions for Recovery
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Check Against Delivery – Prof. Dr. Martin Winterkorn
– Check against delivery – Prof. Dr. Martin Winterkorn Speech at the Annual Media Conference and Investor Conference on March 14, 2013 – Part III – Ladies and Gentlemen, These results clearly show that the Volkswagen Group can start 2013 from a position of strength. We have three profitable business fields: Passenger Cars, Commercial Vehicles & Power Engineering, and Financial Services. We have 12 fascinating brands and 280 models to meet almost all conceivable customer wishes and needs. We have the innovative abilities of more than 40,000 developers. We have the necessary financial solidity and strength. And we have a convincing strategy for the future. In short: Volkswagen has everything it needs to continue its successful trajectory of recent years even under different circumstances. One strength that is paying off more and more is our global presence: We have been in Brazil for 60 years. We have been in Mexico and South Africa for 50 years. And we were also the first to venture into China in the 1980s. Part III - p. 2 Chart Internationalization of the Volkswagen Group An international mindset and approach are part of Volkswagen’s DNA. Today, we sell approximately 60 percent of our vehicles outside Europe. We operate 100 plants around the world, one-third of which are located outside Europe. And we now employ 140,000 people outside Europe. Our global positioning allows us to offset temporary setbacks in individual markets. In particular, though, we can exploit growth opportunities everywhere in the world. This is a significant advantage in the current environment. The overall market for commercial vehicles is likely to remain at last year’s low level in 2013. -
Brose and Volkswagen AG Sign Joint Venture Agreement
Brose and Volkswagen AG sign joint venture agreement - The partners want to establish a key global system supplier for vehicle seats and interior concepts - Expansion of business with the Volkswagen Group and other automakers planned - Brose and Volkswagen subsidiary SITECH have complementary portfolios and expertise - The joint venture’s business is expected to double by the end of the decade compared to SITECH’s current sales, and the workforce is expected to grow by a third during the same period At the Volkswagen headquarters in Wolfsburg, an agreement about the establishment of a joint venture for complete seats, seat structures and components along with solutions for the vehicle interior was signed. (Picture:Volkswagen) Front, from left: Ulrich Schrickel (Chief Executive Officer of the Brose Group), Michael Stoschek (Chairman of the Brose Group), Dr. Herbert Diess (Chairman of the Board of Management of ‎Volkswagen AG) and Thomas Schmall (Member of the Board of Management Volkswagen AG, Technology, CEO of Volkswagen Group Components). Back, from left: Tomasz Lewandowski (Chief Executive Officer of SITECH Sp. z o.o.), Thomas Spangler (Executive Vice President Operations of the Brose Group), Ingo Fleischer (Managing Director, Chairmen of SITECH Sitztechnik GmbH) and Andreas Jagl (Executive Vice President Interior of the Brose Group). Coburg / Wolfsburg (26. March 2021) The Brose Group and Volkswagen AG have signed an agreement to establish a joint venture that will develop and manufacture complete seats, seat structures and components along with solutions for the vehicle interior. Brose will acquire half of Volkswagen subsidiary SITECH. Brose and Volkswagen will each hold a 50 percent share of the planned joint venture. -
VWWJTAI3156-A1 Jetta PDF Broch
The Jetta It stands out without really standing out at all. Drivers wanted.® D Either we drove the Jetta to the fountain of youth, JETTA or it drove itself. DESIGN Taillight. The primary function of a taillight is to be noticeable. The notion that it can also be beautiful is an idea that not all automakers have fully embraced just yet. Until they do, we’ll continue to lead by example. Chrome Grille. New chrome accents Trunk Lid. See how the restyled trunk on the front grille allow birds to see lid turns up slightly? And howthat how cool they look as they pass overhead.They also provide rain drops adds emphasis to the horizontal line? with something attractive to aim for. And balances against the sloping We also like to think they drawthe eye contours of the fenders? You do? and let it linger for a moment, before sweeping over the hood, like air. Our designers live forthings like that. EXTERIOR Picka color, anycolor. 2Spice Red1 Platinum Gray 2Tornado Re d 2 Reflex Silver Black Campanella White1 Alaska Green Wheat Beige1 Galactic Blue ® GLS shown. Some features may not be available on some trim levels. 1Not available on GLI.® 2GLI® only. Drivers wanted. D The less fussy it is inside, the better. JETTA And the better it is, well, the better. DESIGN Multifunction Steering Wheel.1 “Look, Ma, no hands!”is something no one likes to hear from the driver of a car. So to help keep both hands where they belong, we put the controls for the radio and cruise control on the steering wheel – where they belong. -
Blockchain As a Solution for Certification in an Age of "Do-Good" Business
Vanderbilt Journal of Entertainment & Technology Law Volume 20 Issue 3 Issue 3 - Spring 2018 Article 6 2018 Linking the Public Benefit ot the Corporation: Blockchain as a Solution for Certification in an Age of "Do-Good" Business Margaret D. Fowler Follow this and additional works at: https://scholarship.law.vanderbilt.edu/jetlaw Part of the Antitrust and Trade Regulation Commons, and the Computer Law Commons Recommended Citation Margaret D. Fowler, Linking the Public Benefit ot the Corporation: Blockchain as a Solution for Certification in an Age of "Do-Good" Business, 20 Vanderbilt Journal of Entertainment and Technology Law 881 (2020) Available at: https://scholarship.law.vanderbilt.edu/jetlaw/vol20/iss3/6 This Note is brought to you for free and open access by Scholarship@Vanderbilt Law. It has been accepted for inclusion in Vanderbilt Journal of Entertainment & Technology Law by an authorized editor of Scholarship@Vanderbilt Law. For more information, please contact [email protected]. Linking the Public Benefit to the Corporation: Blockchain as a Solution for Certification in an Age of "Do-Good" Business ABSTRACT As part of its now-infamous emissions scandal, Volkswagen spent tens of millions of dollars on advertising geared toward environmentally conscious consumers. The scandal is an example of "greenwashing," which, along with the corresponding term "fairwashing," represents the information asymmetry present in product markets that involve claims of social and environmental responsibility in companies' production practices. As consumers and investors demand responsible production practices from both traditional corporations and entities organized under the newer corporateform known as public benefit corporations(PBCs), it becomes even more important to verify that those entities' supply chains are, in fact, meeting standards for the social or environmental responsibility that they purport or strive to have. -
1 Audi Q3 Product and Accesories Brochure Final
Q3 Audi Q3 Page Emotion 01 The Audi Q3 Experience Technology 20 LED lights 27 MMI – Multi Media Interface 21 TDI 29 Lights 23 S tronic 25 quattro Equipment 33 Interior 39 Exterior Seats/seat covers Lights/mirrors Seating comfort Wheels/tyres Inlays Paints Infotainment Exterior equipment Interior equipment 44 Technology/safety Other 45 Dimensions 46 Technical data Audi Genuine Accessories 47 Audi Genuine Accessories 64 Communication 53 Sport and Design 67 Family 59 Transport 71 Comfort and protection 79 Technical Data Q3 Brochure_Front Inside_Left Q3 Brochure_Index inside_Right The Audi Q3 Experience The new Audi Q3. Even more distinctive. Here today, there tomorrow. You live on the move, you live in the now. After all, age is irreversible. That's why you want a car that can keep up with the frenetic pace of your lifestyle. Or shall we say: one that is so well prepared for you that all you have to do is get in. The Audi Q3 is this car. Powerful and agile. Compact and yet spacious inside. Efficient and expressive. Start young. Live Big. The new Audi Q3. The Audi Q3 Experience With the same recognisable silhouette, the new Audi Q3 maintains its coupè-like appearance. With the addition of subtle design features like the 3D grille, chrome-plated tailpipe, LED headlights and panoramic sunroof, it's a car that's now even more eye-catching. Inside, innovations like Audi drive select and electric lumbar support mean that the new Audi Q3 is not only beautiful to look at, it's also comfortable to drive. The Audi Q3 Experience Living dynamics. -
Police Misconduct As a Cause of Wrongful Convictions
POLICE MISCONDUCT AS A CAUSE OF WRONGFUL CONVICTIONS RUSSELL COVEY ABSTRACT This study gathers data from two mass exonerations resulting from major police scandals, one involving the Rampart division of the L.A.P.D., and the other occurring in Tulia, Texas. To date, these cases have received little systematic attention by wrongful convictions scholars. Study of these cases, however, reveals important differences among subgroups of wrongful convictions. Whereas eyewitness misidentification, faulty forensic evidence, jailhouse informants, and false confessions have been identified as the main contributing factors leading to many wrongful convictions, the Rampart and Tulia exonerees were wrongfully convicted almost exclusively as a result of police perjury. In addition, unlike other exonerated persons, actually innocent individuals charged as a result of police wrongdoing in Rampart or Tulia only rarely contested their guilt at trial. As is the case in the justice system generally, the great majority pleaded guilty. Accordingly, these cases stand in sharp contrast to the conventional wrongful conviction story. Study of these groups of wrongful convictions sheds new light on the mechanisms that lead to the conviction of actually innocent individuals. I. INTRODUCTION Police misconduct causes wrongful convictions. Although that fact has long been known, little else occupies this corner of the wrongful convictions universe. When is police misconduct most likely to result in wrongful convictions? How do victims of police misconduct respond to false allegations of wrongdoing or to police lies about the circumstances surrounding an arrest or seizure? How often do victims of police misconduct contest false charges at trial? How often do they resolve charges through plea bargaining? While definitive answers to these questions must await further research, this study seeks to begin the Professor of Law, Georgia State University College of Law. -
Senate Vote on Trump Trial Signals an Acquittal Is Likely
P2JW027000-6-A00100-17FFFF5178F ****** WEDNESDAY,JANUARY27, 2021 ~VOL. CCLXXVII NO.21 WSJ.com HHHH $4.00 DJIA 30937.04 g 22.96 0.1% NASDAQ 13626.06 g 0.1% STOXX 600 407.70 À 0.6% 10-YR. TREAS. unch , yield 1.039% OIL $52.61 g $0.16 GOLD $1,850.70 g $4.20 EURO $1.2162 YEN 103.62 In India, Farmers’ Protest Over New Law Turns Violent Microsoft What’s News SalesRise 17%Amid Business&Finance Covid-19 icrosoftposted record Mquarterly sales under- pinned by pandemic-fueled Pandemic demand forvideogaming and accelerated adoption of itscloud-computing services Demand for cloud during the health crisis. A1 services, videogaming Walgreens Bootsnamed Starbucks operating chief fuels earnings during Rosalind Brewerasits next work-from-home era CEO,making her the only Black woman leading a BY AARON TILLEY Fortune 500 company. A1 CK J&J said it expectstore- TO MicrosoftCorp. posted re- port pivotal resultsofalarge cord quarterly sales under- clinical trial of itsCovid-19 SHUTTERS pinned by pandemic-fueled de- vaccine by early next week, A/ mand forvideogaming and as the companyposted im- I/EP accelerated adoption of its AG proved quarterly sales. B1 TY cloud-computing services dur- ing the health crisis. GE booked $4.4billion Theremote-work erahas in fourth-quarter cash HARISH STREET CLASH: Indian farmers clash with police in New Delhi on Tuesday after breaking through barriers to escape po- been a boon for Microsoft. In flow,beating itsown pro- lice-approved routes for a tractor rally that coincided with a military parade celebrating India’s Republic Day. -
Download PDF, 19 Pages, 505.25 KB
VOLKSWAGEN AKTIENGESELLSCHAFT Shareholdings of Volkswagen AG and the Volkswagen Group in accordance with sections 285 and 313 of the HGB and presentation of the companies included in Volkswagen's consolidated financial statements in accordance with IFRS 12 as of 31.12.2019 Exchange rate VW AG 's interest Equity Profit/loss (1€ =) in capital in % in thousands, in thousands, Name and domicile of company Currency Dec. 31, 2019 Direct Indirect Total local currency local currency Footnote Year I. PARENT COMPANY VOLKSWAGEN AG, Wolfsburg II. SUBSIDIARIES A. Consolidated companies 1. Germany ASB Autohaus Berlin GmbH, Berlin EUR - 100.00 100.00 16,272 1,415 2018 AUDI AG, Ingolstadt EUR 99.64 - 99.64 13,701,699 - 1) 2019 Audi Berlin GmbH, Berlin EUR - 100.00 100.00 9,971 - 1) 2018 Audi Electronics Venture GmbH, Gaimersheim EUR - 100.00 100.00 60,968 - 1) 2019 Audi Frankfurt GmbH, Frankfurt am Main EUR - 100.00 100.00 8,477 - 1) 2018 Audi Hamburg GmbH, Hamburg EUR - 100.00 100.00 13,425 - 1) 2018 Audi Hannover GmbH, Hanover EUR - 100.00 100.00 16,621 - 1) 2018 AUDI Immobilien GmbH & Co. KG, Ingolstadt EUR - 100.00 100.00 82,470 3,399 2019 AUDI Immobilien Verwaltung GmbH, Ingolstadt EUR - 100.00 100.00 114,355 1,553 2019 Audi Leipzig GmbH, Leipzig EUR - 100.00 100.00 9,525 - 1) 2018 Audi München GmbH, Munich EUR - 100.00 100.00 270 - 1) 2018 Audi Real Estate GmbH, Ingolstadt EUR - 100.00 100.00 9,859 4,073 2019 Audi Sport GmbH, Neckarsulm EUR - 100.00 100.00 100 - 1) 2019 Audi Stuttgart GmbH, Stuttgart EUR - 100.00 100.00 6,677 - 1) 2018 Auto & Service PIA GmbH, Munich EUR - 100.00 100.00 19,895 - 1) 2018 Autonomous Intelligent Driving GmbH, Munich EUR - 100.00 100.00 250 - 1) 2018 Autostadt GmbH, Wolfsburg EUR 100.00 - 100.00 50 - 1) 2018 B. -
Lessons from the Volkswagen Diesel Emissions Scandal∗
Willingness to Pay for Brand Reputation: Lessons from the Volkswagen Diesel Emissions Scandal∗ Xiaogang Chey Hajime Katayamaz Peter Leex December 3, 2019 Abstract In this study, we use the announcement of the Volkswagen emissions scandal on September 18, 2015, as an exogenous shock to measure consumers’ willing- ness to pay (WTP) for brand reputation. Only Volkswagen diesel cars produced in 2009-2015 were announced as emissions violators. Using eBay car auction data, we estimate the impacts of the scandal on the prices of Volkswagen emissions non- violating cars. Our difference-in-differences estimates show that final bid prices decreased by 14% and 9% in diesel and gasoline car markets, respectively, which purely reflected a decline in consumers’ WTP for Volkswagen’s brand reputation. Additionally, the difference in price-drops between the violating and non-violating diesel cars is statistically insignificant. This may be due to the fact that consumers rationally adjust their WTP by expecting compensation which will almost surely be provided by Volkswagen for violating models. Keywords: Volkswagen emissions scandal, willingness to pay, brand reputation. JEL codes: D12, L62. ∗We thank Nejat Anbarci, Anurag Banerjee, Jingnan (Cecilia) Chen, Yiquan Gu, Tilman Klumpp, Georgia Kosmopoulou, Daniel Li, Tong Li, Jingfeng Lu, Justin Marion, Anastasiia Parakhoniak, Leslie Reinhorn, Henry Schneider, Nan Shi, Steven Tadelis, Angel Hernando-Veciana, Le Zhang, and Xiaoyong Zheng for helpful discussions and comments. Early versions of the paper benefited from discussions at the Auction Conference at Lancaster University 2017, the Durham Micro-Workshop 2018, APIO 2019. yCity, University of London, UK. E-mail: [email protected]. zWaseda University, Japan. -
FPO Volkswagen TDI® Clean Diesel Get from a to B. but Don't Forget To
A B Get from A to B. But don’t forget to stop at points C, M, and Z. And of course Toledo. Joyride further. A car that can drive a long way should still TDI vehicles use clean diesel fuel and Not that kind make you want to, well, drive it a long way. advanced engineering to achieve up Volkswagen TDI Clean Diesel is the line of to 43 miles per gallon with a range of of diesel. high-mileage vehicles that lets you stop at the up to 795 miles.* That’s up to 30% better These are not the kind of diesel engines filling station less often, so you can spend fuel economy than comparable gas that you find spewing sooty exhaust like more time enjoying all the paths you take.* engines. You’ll probably notice it when an old 18-wheeler. Clean diesel vehicles And with six models in the TDI family, you take up to 30% fewer trips to the meet the strictest EPA standards in the there’s an enjoyable high-mileage vehicle pump. Visit thinkblue.volkswagen.com U.S. Plus, TDI technology helps reduce sooty for everyone. to learn driving tips that can help you emissions by up to 90%,** giving you a save even more fuel. fuel-efficient and eco-conscious vehicle. High mileage FPO doesn’t mean low fun. Think beyond green. TDI represents one part of the Volkswagen Think Blue Get better fuel economy without initiative, our goal of creating and sacrificing the joy of driving. encouraging eco-conscious products With a Volkswagen TDI vehicle, and behaviors. -
Nitrogen Oxides
Pollution Prevention and Abatement Handbook WORLD BANK GROUP Effective July 1998 Nitrogen Oxides Nitrogen oxides (NOx) in the ambient air consist 1994). The United States generates about 20 mil- primarily of nitric oxide (NO) and nitrogen di- lion metric tons of nitrogen oxides per year, about oxide (NO2). These two forms of gaseous nitro- 40% of which is emitted from mobile sources. Of gen oxides are significant pollutants of the lower the 11 million to 12 million metric tons of nitrogen atmosphere. Another form, nitrous oxide (N2O), oxides that originate from stationary sources, is a greenhouse gas. At the point of discharge about 30% is the result of fuel combustion in large from man-made sources, nitric oxide, a colorless, industrial furnaces and 70% is from electric utility tasteless gas, is the predominant form of nitro- furnaces (Cooper and Alley 1986). gen oxide. Nitric oxide is readily converted to the much more harmful nitrogen dioxide by Occurrence in Air and Routes of Exposure chemical reaction with ozone present in the at- mosphere. Nitrogen dioxide is a yellowish-or- Annual mean concentrations of nitrogen dioxide ange to reddish-brown gas with a pungent, in urban areas throughout the world are in the irritating odor, and it is a strong oxidant. A por- range of 20–90 micrograms per cubic meter (µg/ tion of nitrogen dioxide in the atmosphere is con- m3). Maximum half-hour values and maximum 24- verted to nitric acid (HNO3) and ammonium hour values of nitrogen dioxide can approach 850 salts. Nitrate aerosol (acid aerosol) is removed µg/m3 and 400 µg/m3, respectively. -
Reducing Nox Emissions on the Road
EUROPEAN CONFERENCE OF MINISTERS OF TRANSPORT REDUCING NOX EMISSIONS ON THE ROAD ENSURING FUTURE EXHAUSTS EMISSION LIMITS DELIVER AIR QUALITY STANDARDS Reducing NOx Emissions on the Road FOREWORD AND ACKNOWLEDGEMENTS Transport Ministers noted the conclusions and recommendations of this report at the meeting of the Council of the ECMT in Dublin on 17-18 May 2006, and asked the Secretariat to transmit the report to the UN/ECE with a request to expedite deliberations on improved vehicle certification tests for NOx emissions for adoption world-wide. This was duly done. The ECMT is grateful to Heinz Steven of the RWTÜV Institute for Vehicle Technology in Germany for the analysis presented in this paper. The report was prepared by the ECMT Group on Transport and the Environment in co-operation with the OECD Environment Policy Committee’s Working Group on Transport. © ECMT, 2006 1 Reducing NOx Emissions on the Road TABLE OF CONTENTS ACKNOWLEDGEMENTS ...............................................................................................................1 EXECUTIVE SUMMARY ................................................................................................................3 1. INTRODUCTION .....................................................................................................................6 2. REVIEW OF EU AND UN-ECE REGULATIONS.....................................................................7 2.1 Cars and light duty vehicles ..........................................................................................7