The giant Wolfsburg – the largest German company with a turnover of 200 billion Euros and employs 600,000 employees worldwide – has received heavy accusation by the EPA, the US environmental agency, that deals with the health and safety of citizens. Volkswagen deliberately designed some cars to get around emission regulations on diesel engines and selling them on the North American market. A procedure which, in addition to defraud consumers, may harm health. Now would then also at the center of a criminal investigation in the United States for violation of the anti smog.
The news yesterday sank the title Volkswagen, literally collapsed the bag Frankfurt: at the end of the day and shares of the German company lost 17.14% to 133.7 EUR, sending smoke almost 13 billion capitalization. A collapse that continues today: at the start actions lose another 3%.
Meanwhile France also calls for an inquiry “at European level.” This was stated by the French finance minister, Michel Sapin. To “reassure the public” he added Sapin talking on the radio Europe1, will be “necessary” to conduct checks on other European manufacturers.
The number one operating company Martin Winterkorn spoke yesterday in a statement: no He has publicly admitted the fraud, but it looked forward with great attention to the accusations, has appointed a committee of external investigation and was made available in Washington to clarify as soon as possible and as clearly happened. Then he apologized to customers.
They were blocked while sales on the North American market of the offending vehicles, both new ones that used ones.
According to the indictment the designers Wolfsburg have developed a software of the control unit of the engine, which in conditions of normal use eluded emission limits returning operating during the approval procedures or control. This is particularly serious because the Americans have always been skeptical about the engine oil because of the problems of emissions and Volkswagen wanted to use this engine to penetrate the US market where it has never had a major role.
n Germany now fears that the case may involve the entire German industry that has always made the diesel a privileged its assets. They immediately received many requests for resignation Winterkorn. Meanwhile, the indignation is general and the White House says “quite worried”.
A theoretical calculation – based on the available figures – eventually leads the German newspaper Spiegel online to conclude that VW may have to pay up to $ 18 billion of sanctions (if you follow the criterion of having to pay $ 37,500 for each car sold). The cooperation shown by Winterkorn, however, should greatly reduce the amount, according to some analysts Vw may be required to pay no more than $ 1 billion.
22 September 2015 09:06 – Last Updated: 9:28
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