Annual Report 2006
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VW Executive Had a Pivotal Role As Car Maker Struggled with Emissions by DANNY HAKIM and JACK EWINGDEC
The New York Times 12/21/15 Page | 1 VW Executive Had a Pivotal Role as Car Maker Struggled With Emissions By DANNY HAKIM and JACK EWINGDEC. 21, 2015 Photo Wolfgang Hatz at the 2013 Geneva Car Show. Mr. Hatz, head of transmission and engine development at the Volkswagen Group, was suspended in September. CreditDenis Balibouse/Reuters LONDON — A few months after taking over engine development at Volkswagen in 2007, Wolfgang Hatz faced a potential challenge that he considered insurmountable. It was the State of California. Regulators there were seeking to limit global warming gases released by automobiles, a step never directly taken before in the United States. “We can do quite a bit and we will do a bit, but ‘impossible’ we cannot do,” Mr. Hatz said during a trip to San Francisco that year, where he http://www.nytimes.com/2015/12/22/business/international/vw‐executive‐had‐a‐pivotal‐role‐as‐car‐ maker‐struggled‐with‐emissions.html?_r=0 The New York Times 12/21/15 Page | 2 took part in a technology demonstration hosted byVolkswagen. “From my point of view, the C.A.R.B. is not realistic,” he said of the California Air Resources Board, in remarks filmed by an auto website during the event. Of the proposed regulation, he said, “I see it as nearly impossible for us.” In September of this year, Volkswagen, then the world’s largest automaker, admitted to installing software designed to cheat on emissions tests, setting off one of the largest corporate scandals in the industry’s history. The role of Mr. -
If You Bought Or Leased a Mercedes-Benz Or Sprinter Bluetec II Diesel Vehicle, You May Be Eligible for a CASH PAYMENT from Class Action Settlements
United States District Court for the District of New Jersey If You Bought or Leased a Mercedes-Benz or Sprinter BlueTEC II Diesel Vehicle, You May Be Eligible for a CASH PAYMENT from Class Action Settlements A federal court authorized this Notice. This is not a solicitation from a lawyer. BENEFITS ARE AVAILABLE TO YOU: UNDER THE CLASS ACTION SETTLEMENTS: GET PAID CASH Current owners and lessees can get up to $3,590 or more, and former owners and lessees can get up to $897.50 CURRENT OWNERS AND LESSEES GET YOUR AGENCY-APPROVED EMISSION MODIFICATION FREE OF From a separate settlement with federal CHARGE TO YOU and California regulators; these benefits are available even if you do not participate in the class action settlement RECEIVE AN EXTENDED MODIFICATION WARRANTY YOU MUST TAKE ACTION TO RECEIVE THESE BENEFITS QUESTIONS? VISIT MBBLUETECSETTLEMENT.COM, OR CALL 1-877-313-0170 READ THIS NOTICE CAREFULLY. YOUR LEGAL RIGHTS ARE AFFECTED WHETHER YOU ACT OR DO NOT ACT. PLEASE CHECK THE SETTLEMENT WEBSITE AT MBBLUETECSETTLEMENT.COM OFTEN FOR UPDATES AND FURTHER DETAILS. You are receiving this Notice as a possible current or former owner or lessee of certain Mercedes-Benz and Sprinter BlueTEC II diesel vehicles, including both Mercedes-Benz- and Freightliner-branded Sprinter diesel vehicles. You may be eligible for a cash payment under class action settlements. Current Owners/Lessees Current If a former owner/lessee Owners/Lessees submits a Valid Claim for If no former the same vehicle Former owner/lessee OR Owners/Lessees submits a Valid If -
Champion Brands to My Wife, Mercy the ‘Made in Germany’ Champion Brands Nation Branding, Innovation and World Export Leadership
The ‘Made in Germany’ Champion Brands To my wife, Mercy The ‘Made in Germany’ Champion Brands Nation Branding, Innovation and World Export Leadership UGESH A. JOSEPH First published 2013 by Gower Publishing Published 2016 by Routledge 2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN 711 Third Avenue, New York, NY 10017, USA Routledge is an imprint of the Taylor & Francis Group, an informa business Copyright © Ugesh A. Joseph 2013 Ugesh A. Joseph has asserted his right under the Copyright, Designs and Patents Act, 1988, to be identified as the author of this work. Gower Applied Business Research Our programme provides leaders, practitioners, scholars and researchers with thought provoking, cutting edge books that combine conceptual insights, interdisciplinary rigour and practical relevance in key areas of business and management. All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. Notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library. The Library of Congress has cataloged the printed edition as follows: Joseph, Ugesh A. The ‘Made in Germany’ champion brands: nation branding, innovation and world export leadership / by Ugesh A. Joseph. pages cm Includes bibliographical references and index. ISBN 978-1-4094-6646-8 (hardback: alk. -
Separate Financial Statements Fiscal Year 2019
201Separate financial9 statements PPorscheorsche TaycanTaycan TurboTurbo S 3 Content Group management report and management report of Porsche Automobil Holding SE 6 Fundamental information about the group 10 Report on economic position 12 Significant events and developments at the Porsche SE Group 12 Significant events and developments at the Volkswagen Group 20 Business development 24 Results of operations, financial position and net assets 31 Porsche Automobil Holding SE (financial statements pursuant to the German Commercial Code) 37 Sustainable value enhancement in the Porsche SE Group 41 Overall statement on the economic situation of Porsche SE and the Porsche SE Group 43 Remuneration report 44 Opportunities and risks of future development 52 Publication of the declaration of compliance and corporate governance report 78 Subsequent events 79 Forecast report and outlook 80 Glossary 85 4 Financials 86 Balance sheet of Porsche Automobil Holding SE 90 Income statement of Porsche Automobil Holding SE 91 Notes to the consolidated fi nancial statements 92 Independent auditor’s report 212 Responsibility statement 220 5 VVolkswagenolkswagen IID.3D.3 6 1 Group management report and management report of Porsche Automobil Holding SE 7 8 Group management report and management report of Porsche Automobil Holding SE 6 Fundamental information about the group 10 Report on economic position 12 Significant events and developments at the Porsche SE Group 12 Significant events and developments at the Volkswagen Group 20 Business development 24 Results -
Volkswagen Aktiengesellschaft Wolfsburg, Germany As Issuer And
Dated 30 September 2010 This document constitutes four base prospectuses for the purposes of Article 5.4 of Directive 2003/71/EC: (i) the base prospectus of Volkswagen Aktiengesellschaft in respect of non-equity securities within the meaning of Art. 22 No. 6 (4) of the Commission Regulation (EC) No. 809/2004 of 29 April 2004 ("Non-Equity Securities"), (ii) the base prospectus of Volkswagen International Finance N.V. in respect of Non-Equity Securities, (iii) the base prospectus of VW Credit, Inc. in respect of Non- Equity Securities and (iv) the base prospectus of VW Credit Canada Inc./Crédit VW Canada, Inc. in respect of Non-Equity Securities (together, the "Debt Issuance Programme Prospectus" or the "Prospectus"). Volkswagen Aktiengesellschaft Wolfsburg, Germany as Issuer and as Guarantor for Notes issued by Volkswagen International Finance N.V. Amsterdam, The Netherlands VW Credit, Inc. Herndon, Virginia, USA (incorporated in Delaware) VW Credit Canada, Inc. / Crédit VW Canada, Inc. St.-Laurent, Québec, Canada € 25,000,000,000 Debt Issuance Programme Arranger Deutsche Bank Dealers Barclays Capital BayernLB BNP PARIBAS Crédit Agricole CIB Citi Commerzbank Deutsche Bank DZ BANK AG HSBC Landesbank Baden- ING Commercial Banking J.P. Morgan Württemberg Société Générale SEB Corporate & Investment The Royal Bank of Scotland Banking Application has been made to the Commission de Surveillance du Secteur Financier of the Grand Duchy of Luxembourg (the "Commission"), which is the Luxembourg competent authority for the purpose of Directive 2003/71/EC (the "Prospectus Directive"), for the approval of this Prospectus. Application has been made to the Luxembourg Stock Exchange for notes ("Notes") issued under this Prospectus to be admitted to trading on the regulated market of the Luxembourg Stock Exchange (as defined below) and to be listed on the official list of the Luxembourg Stock Exchange. -
Fiorelli Et Al V. Volkswagen Group of America, Inc
Case 2:15-cv-07330-JLL-JAD Document 1 Filed 10/06/15 Page 1 of 98 PageID: 1 Joseph F. Rice James E. Cecchi Jodi Westbrook Flowers CARELLA, BYRNE, CECCHI, WOLF Kevin R. Dean OLSTEIN, BRODY &ANGELO, P.C. MOTLEY RICE LLC 5 Becker Farm Road 28 Bridgeside Blvd. Roseland, NJ 07068 Mt. Pleasant, SC 29464 (973) 994-1700 (843) 216-9000 Christopher M. Placitella, Esquire Michael Coren, Esquire COHEN, PLACITELLA & ROTH, P.C. 127 Maple Ave. Red Bank, NJ, 07701 (732) 747-9003 Attorneys for Plaintiffs UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY KAREN FIORELLI, STEVEN C. ) MENDOZA, MARTIN SCHMIDT, ) Case No. PAUL SACAMANO, DEBORAH ) MCCROHON and WENDY ) BRANZBURG, Individually and on ) behalf of others similarly situated, ) ) CLASS ACTION Plaintiffs, ) ) CLASS ACTION COMPLAINT v. ) ) JURY TRIAL DEMANDED VOLKSWAGEN GROUP OF AMERICA, ) INC., A New Jersey Corporation, and ) VOLKSWAGEN AG, A German ) Corporation. ) ) ) Defendants. ) ______________________________________ Case 2:15-cv-07330-JLL-JAD Document 1 Filed 10/06/15 Page 2 of 98 PageID: 2 Plaintiffs Karen Fiorelli, Steven C. Mendoza, Martin Schmidt, Paul Sacamano, Deborah McCrohon and Wendy Branzburg (“Plaintiffs”), individually and on behalf of all others similarly situated (the “Class”), allege the following: I. INTRODUCTION 1. As Volkswagen USA CEO, Michael Horn, publicly admitted on September 21, 2015, “Volkswagen has broken the trust of our customers, and the public here in America.” Horn further publicly admitted on behalf of Volkswagen: “So let's be clear about this: our company was dishonest with the EPA and the California Air Resources Board, and with all of you," Horn continued. -
Volkswagen AG Annual Report 2009
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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. -
NOX Emissions from Heavy-Duty and Light-Duty Diesel Vehicles in the EU: Comparison of Real-World Performance and Current Type-Approval Requirements
www.theicct.org BRIEFING DECEMBER 2016 NOX emissions from heavy-duty and light-duty diesel vehicles in the EU: Comparison of real-world performance and current type-approval requirements More diesel vehicles are sold in Europe than in China, India, and all of the Americas combined—over 8.8 million in 2014 alone, more than double the sales in the next largest diesel market, China (Figure 1). The majority of the diesels sold in Europe, as in the global market, are passenger cars; approximately five diesel passenger cars were sold worldwide for every heavy-duty vehicle. The months since the Volkswagen emissions cheating scandal broke in September 2015 have seen a heated public debate concerning exhaust emissions of nitrogen oxides (NOX) from diesel cars in Europe. The crux of that debate is that under normal operation many of these vehicles far exceed the limits imposed by regulation and certified by official type- approval tests, which all vehicle models must pass as a condition of being offered for sale in the European Union. There has been little comparable discussion of NOX emissions from diesel trucks. The most likely explanation for this different treatment is that data from in- use testing indicates that, in contrast to Euro 6 cars, Euro VI trucks do not systematically 1 emit significantly more NOX in real-world, everyday operation than they are certified to. And there is a likely explanation for that as well: emissions from diesel cars and trucks are regulated differently under the Euro standards. This briefing paper identifies key differences in the regulations governing certification of NOX emissions from diesel cars (Euro 6) and trucks (Euro VI) that help explain differences in their real-world emissions performance. -
European Vehicle Market Statistics: Pocketbook 2016/2017
EUROPEAN VEHICLE MARKET STATISTICS Pocketbook 2016/17 European Vehicle Market Statistics 2016/17 Statistics Market Vehicle European International Council on Clean Transportation Europe Neue Promenade 6 10178 Berlin +49 (30) 847129-102 [email protected] www.theicct.org ICCT Table of Contents 1 Introduction 2 2 Number of Vehicles 14 3 Fuel Consumption & CO2 26 4 Technologies 42 5 Key Technical Parameters 52 6 Other Emissions & On-road 68 Annex Remarks on Data Sources 72 List of Figures and Tables 74 References 78 Abbreviations 80 Tables 81 An electronic version of this Pocketbook including more detailed statistical data is available online: http://eupocketbook.theicct.org EUROPEAN VEHICLE MARKET STATISTICS 2016/17 1 INTRODUCTION Market share EU-28 Registrations (million) in 2015 (in %) Fig. 1-1 16 100 Passenger cars: 90 14 Registrations by Others The 2016/17 edition of European Vehicle Market SUV/ 80 vehicle segment Of-Road 12 Statistics ofers a statistical portrait of passenger car, Van Sport 70 light commercial and heavy-duty vehicle fleets in Luxury 10 Upper 60 the European Union (EU) from 2001 to 2015. Medium Medium As in previous editions, the emphasis is on vehicle 8 50 techno logies, fuel consumption, and emissions of Lower 40 greenhouse gases and other air pollutants. 6 Medium The following pages give a concise overview 30 4 of data in subsequent chapters and also summarize 20 Small the latest regulatory developments in the EU. 2 10 More comprehensive tables are included in the annex, Mini 0 0 along with information on sources. 01 10 07 02 03 04 05 06 09 008 2011 2012 2013 2014 2015 20 20 20 20 20 20 20 20 2 20 Number of vehicles Data source: ACEA; data until 2007 is for EU-25 only After declining for several years, new passenger car registrations in the EU increased to about 13.7 million in 2015. -
Porsche Automobil Holding SE Company Accounts 2008/2009
Porsche Automobil Holding SE company accounts 2008/09 4 Group management report and management report of Porsche Automobil Holding SE 80 Balance Sheet 81 Income statement 82 Notes 102 Audit Opinion 103 Company Boards 105 Membership in other statutory supervisory boards and comparable domestic and foreign control bodies Group management report and management report of Porsche Automobil Holding SE Recent developments Michael Macht and Thomas Edig's appointment to the helm of Porsche AG marks the beginning of a new era for the Stuttgart-based automobile manufacturer. Michael Macht, who for many years served as head of pro- duction and logistics, has been made a member of the executive board of Porsche SE, and CEO of Porsche AG. Thomas Edig has been made board member at Porsche SE and Mr. Macht’s deputy at Porsche AG, where he is also responsible for HR and social issues and functions as labor director. Macht’s successor as head of production is Wolfgang Leimgruber, who was previously responsible for the body shell and paint shops. At Porsche SE, Michael Macht is responsible for technology and products, while Tho- mas Edig heads the commercial and administrative side. On 23 July 2009, the supervisory board of Porsche Automobil Holding SE (“Porsche SE”) reached an agreement on the departure of the long-term executive board members Dr. Wendelin Wiedeking and Holger P. Härter. Both men also resigned from their posts on the supervisory boards of Volkswagen AG and AUDI AG. Prof. Dr. Martin Winterkorn will be made the new CEO of Porsche SE fol- lowing the approval of the supervisory boards of Porsche SE and Volks- wagen AG. -
Organizational Structure General Meetingofstockholders President Andc.E.O
64 Organizational Structure As of July 1, 2010 General Meeting of Stockholders Textile Material & Fabric Division Textile Material & Fabric Department Apparel Division Fabric & Apparel Department Brand Marketing Division 1 Apparel Department 1 Operational Structure Brand Marketing Division 2 Apparel Department 2 Planning & Administration Department Board of Corporate Auditors, Textile Company Brand Marketing Department 1 Affiliate Administration Department Brand Marketing Department 2 Corporate Auditors Headquarters Management Committee IT Business Development Department Brand Marketing Department 3 Industrial Textile & Lifestyle Department Chief Financial Officer CFO Office Marine Department Plant & Project Department No. 1 Investor Relations Department Machinery Company Plant Project & Marine Division Plant & Project Department No. 2 Corporate Auditors’ Office Automobile & Construction Machinery Division Automobile Department No. 1 Group Accounting Support & IFRS Office Planning & Administration Department Automobile Department No. 2 Chief Compliance Officer Affiliate Administration Department Automobile Business Promotion Department Isuzu Business Department Chief Information Officer Construction Machinery Department Audit Division ICT, Aerospace & Information Technology Business Department Board of Directors Electronics Company ICT & Media Division Media & Internet Business Department Secretariat Aerospace & Industrial Systems Division Mobile Network Business Department Planning & Administration Department Aerospace & Defense Department