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VOLKSWAGEN EMISSION ISSUES - Coggle Diagram
VOLKSWAGEN EMISSION ISSUES
Volkswagen is a German automobile manufacturer
Volkswagen HQ located in Wolfsburg, Founded in 1937
Derived from Volk and Wagen, translating to "people's car"
INTRODUCTION
MAIN ISSUES
UNITED STATES ENVIRONMENTAL PROTECTION AGENCY (EPA), ISSUED A NOTICE OF VIOLATION OF CLEAN AIR ACT.
VOLKSWAGEN HAD BEEN FOUND TO INTENTIONALLY PROGRAMMED THEIR CARS TO ACTIVATE EMISSIONS CONTROL ONLY DURING TESTING. THE VEHICLE END UP EMITTED UP TO 40 TIMES nitrogen oxide (NO) IN REAL-WORLD DRIVE
PROBLEMS OCCURED
Huge loss for fines, penalties, financial statement and buybacks costs amounting to $33.3 Billion.
Resign of High-Ups
Investigation across regulators
Decline of Diesel Engine market as a whole
Lawsuits
Loss of investors
Agency Involved
EPA
ICCT
ADAC
CARB
GOVERNMENT REGULATORY BODIES
FTC
Recommmendations
Internal Investigation
New Technoology Approach
New Leadership
Truthful Marketing Approach
Increase Transparency and Accountability
Rebuild Trust with Consumers
