Post by VWCA_Adman on Sept 23, 2015 16:40:48 GMT -6
Friday (Sept. 18): EPA letter reveals that VW’s 2.0-liter turbo diesels skirted American pollution rules.
Saturday: VW issues a stop sale on its 2015 and 2016 diesel cars.
Sunday: Dr. Winterkorn apologized for VW’s deception.
Monday: VW’s American CEO Michael Horn said, “our company was dishonest with the EPA.” VW will fix cars and reform itself.
Tuesday: VW admitted that the software algorithm that fooled emission testing permitting more nitrogen oxide (NOx) pollution than acceptable was on 11 million vehicles sold worldwide.
Wednesday: Dr. Martin Winterkorn resigned. He claims he didn’t know about VW’s “manipulation of emission values.” VWAG’s steering committee believes Winterkorn is truthful. Nonetheless, Winterkorn’s centralized management style likely hampered internal communication leading to a debacle that has harmed shareholder investment, disappointed its dealers, hurt company morale and ultimately troubled those who bought VW’s clean-diesel cars.
Stay tuned for further developments. VW’s scandal shows a pattern of deliberate manipulation. It involves a firm that many believed played fairly employing the power of German engineering.