In loss in 2015 because of the “dieselgate”, the German automaker is optimistic. Matthias Müller, CEO, hopes that Volkswagen ‘apparent head high “and that growth is possible this year.
The large traditional annual -messe the Volkswagen group in Wolfsburg headquarters was to be the coronation of Martin Winterkorn. Artisan of the German manufacturer’s triumph, he was ready to fulfill his dream finally debunk, year on year, Toyota the world leader. Fraud emission faker software on 11 million vehicles revealed in September 2015 in the United States has transformed the party into crisis communications exercise to his successor Matthias Müller, President of the Management Board, in charge of commenting on figures released a few days earlier .
the results promised to be before the historic “dieselgate”. They are but not in the expected direction: the operating loss was 4.1 billion euros, the never-seen for twenty years. Volkswagen was forced to spend 16.2 billion euros of provision; 7.8 billion devoted to repurchase vehicles in the US (but not Europe) and 7 billion to deal with legal risks. The net loss was posted 1.58 billion euros. For the only VW brand, the scandal and the fall in demand abroad has caused a decline in operating profit by 15% to 2.10 billion euros. The margin fell to 2%, a thousand miles, so the 6% target. However Matthias Müller, growth is possible by 2016. In the first quarter, Volkswagen has also taken the world leader ahead of Toyota.
In the face forum reporters came in numbers to this annual press conference, Matthias Müller once again expresses regret. “We disappointed many people,” he said. But the Volkswagen boss trusts that the company “emerge head high.” “Together we will create a new Volkswagen,” he added in conclusion. In the corridors, a framework is optimistic: “This crisis could even be beneficial.” But the work to rebuild the trust will be long. When the scandal broke on September 18, Volkswagen is to firmament. (…)
2014. American Academics find that VW emit up to 40 times the permitted quantities of nitrogen oxide.
September 3, 2015. VW confirms laying a fraudster software.
September 23, 2015. Resignation of CEO Martin Winterkorn.
April 21, 2016. VW avoids trial through an agreement with the United States. Substantial compensation provided.
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“Volkswagen is recovering in battle
” “This crisis could even be beneficial”
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