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[商业新闻] 2016-08-28&08-31 大众与美国经销商就“排放门”事件达成赔偿协议

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[商业新闻] 2016-08-28&08-31 大众与美国经销商就“排放门”事件达成赔偿协议

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Volkswagen agrees to compensate US dealers over emissions scandal   

The cost of Volkswagen's emissions scandal keeps climbing. The company has now agreed on compensation for the dealerships that had diesel VW cars on their lots that turned out to be rigged to cheat on emissions tests.


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HOMEWORK (标蓝处存疑)

Once the world’s top automaker Volkswagen has fallen to number two. One reason, the company admitted to rig 11 million vehicles worldwide to cheat on emission test.

Here’s a breakdown on the scandal blow by blow.

A group of scientists at West Virginia University discovered that Volkswagen was using software in its diesel cars to cheat on clean air test. The software detects when a car is being tested. The engine then runs differently, making emissions seem cleaner than they ordinarily are. They find emissions are up to 40 times higher than legal limits.

But the company repeatedly denies the claims to U.S. officials. The U.S. Environmental Protection Agency announced that Volkswagen was manipulating its diesel cars to score better on emissions tests. Volkswagen admits rigging half a million cars in the U.S. to work around emission laws.

But the company’s problems are bigger than that. It admits the problem in its global scale, affecting 11 million cars worldwide.

Amid calls to fix the affected vehicles VW halts the sell of diesel cars in the U.S. CEO Martin Winterco apologizes and resigns. He’s replaced by Matthias Mueller, the head of VW’s Porsche brand. Meanwhile, Volkswagen is besieged by endless lawsuits from customers upset that their cars have lost value because of the software.

Volkswagen’s German headquarters are raided by police in search of criminating documents as German prosecutors investigate. Volkswagen says they are cooperating, and anyone involved will face the full consequences. Days later, the French and Italian offices are also raided.

X announced to start recalling the 8.5 million affected cars across Europe. The company says they will be fixed by the end of 2016. VW cedes its recently-won title of world’s top automaker to Toyota.

Michael Horn, head of Volkswagen in the U.S. testifies to U.S. lawmakers, blaming the scandal on a few engineers. “Senior management was not involved,” he says.

After a month of apologizing, VW decides it’s time to pay up. The company affords over $500 each to owners of affected cars in the U.S. The gesture costs Volkswagen $250 million. But for some customers it’s no longer enough. They demand a buyback of the rigged vehicles.

Nine managers suspected to involve in the scandal are suspended by the company. Volkswagen says it will set up a fund to compensate owners, cabin mediator Ken Feinberg to decide how much each will get. Another exec is out. This time it’s Michael Horn, CEO Volkswagen Group of America. He resigns.

Volkswagen reaches a deal to buy back or fix half a million U.S. cars involved in emissions cheat. The company says the price tag for the crisis is double its original estimate. It’s said to side about $18 billion to deal with the cost of the scandal. VW agrees to pay up to $14.7 billion to settle the issue. That’s much more than any other automaker has paid for wrong doing. Most of that money will go to owners of the affected vehicles. In addition to compensation for lost value, Volkswagen will have to either buy back or fix the cars. But this isn’t the end of the story. The company still faces civil and criminal investigations.
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Plans are announced to start recalling the 8.5 million affected cars across Europe.
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