Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Posts Tagged ‘wolkswagen’

Expert comment on Volkswagen’s pre-tax profits falling 20 per cent

Posted by fidest press agency su giovedì, 2 giugno 2016

Christian Stadler, of Warwick Business School, is a Professor of Strategic Management and researched Volkswagen for his book Enduring Success.Professor Christian Stadler said: “Volkswagen’s sales and profits being down was to be expected, but the real story is that the company still makes profits. After the emissions scandal many observers expected Volkswagen would struggle to survive.
“Under the circumstances a 3.2 billion euros profit is not bad. Although rivals Toyota reported substantially higher profits of 4.5 billion euros that was aided by a weak yen. But General Motors, the other company competing for the ‘largest car company spot’, had lower profits than Volkswagen.”What becomes more and more obvious is that the emissions scandal is costly, but far from life threatening for Volkswagen. As the first court cases are starting to be settled the true cost is also starting to emerge. A first deal reached in the US in April is estimated to have cost Volkswagen around $10 billion. This is obviously not the end but Volkswagen will manage these payments.”It is also becoming obvious that potential Volkswagen customers don’t care about the environmental issues that much. What they care about is quality and value for money. As long as Volkswagen is handling the settlements well, it is unlikely to have a long-term effect on the company. “The one remaining big question is whether the regulators will introduce changes that will undermine Volkswagen’s product structure. If diesel cars are no longer a good deal in Europe – ie they are no longer regulated in a way that gives them an advantage compared to petrol powered cars – then the company needs to worry.”

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“A Missing Global Standard with Regard to Emissions Testing is Half of the Issue Here”

Posted by fidest press agency su lunedì, 28 settembre 2015

wolkswagenLondon, UK “The Volkswagen (VW) Diesel emissions scandal affair is unprecedented, owing to the apparent deceit involved to “cheat” the emissions testing. CEO Martin Winterkorn having to step down is not the right answer though (in my opinion), because the market could potentially rather gauge the result of this on his response, rather than on the fact that it happened in the first place. I would not expect the CEO would have known directly about this device, and it is likely to implicate a small number of product managers related to specific models or engines; the media release given indeed specified that Mr Winterkorn did not yet have all the facts – but I’m sure it will not be long before he does, and this is how the market and public should react – to the measures set out to recover from this. We have seen several different vehicle manufacturers with high profile recalls due to safety concerns over the last few years, and whilst this affair is slightly different, they were all somehow gauged on the response that these companies had taken for those. This should be the case with VW as well. Potentially the biggest damage this revelation might have, certainly in the U.S. market, where people are buying the vehicles based on the environmental credentials, is the consumers’ trust in the VW brand and diesel models in general from all companies. If these environmental credentials turn out to not be the case and the consumer realises he has been deceived, this might cause an issue, as those customers will then not go and buy another VW brand vehicle, and expect to be compensated somehow. However, the focus will rather have to be on the scale: is this only a U.S. problem? Earlier on yesterday it was reported that half a million vehicles could be affected, now this number has increased to 11 million vehicles. If it is a U.S. response, it is going to be very different versus a global response. Undoubtedly the whole affair is going to have impacts and repercussions far beyond just VW. We are already seeing people in South Korea, France, the UK, starting to question the emissions testing standards. And this is half of the issue here. There is no global standard regarding emissions testing: the fact that it can be different up to 2.5 time as many NOx pollutants that can be allowed in Europe and in UK versus the U.S. and then further differences on CO2 emissions make it tougher for global vehicle manufacturers to comply. That doesn’t make it acceptable, but does explain part of the problem the manufacturers are facing. So the first question is: will we see more standards on a global level, which is going to have repercussions on all OEMs, while the second one is longer term: is Diesel really the right powertrain we want to produce and want to prioritise through our vehicle manufacturers of the future?”

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Caso Volkswagen

Posted by fidest press agency su giovedì, 24 settembre 2015

wolkswagen groupIn relazione alle notizie emerse sul caso Volkswagen, il Ministero delle Infrastrutture e dei Trasporti ha annunciato oggi di aver interpellato “sull’accaduto, sia il KBA, Kraftfahrt-Bundesamt, soggetto terzo, il maggiore omologatore delle auto in questione, sia il costruttore”, chiedendo “di conoscere se il medesimo illecito (…) risulti essere praticato su omologazioni della stessa autorità tedesca per l’Europa e se i veicoli sono stati commercializzati in Italia” e, in questo caso, di “acquisire, i risultati dei controlli di conformità che il KBA vorrà effettuare”.
“Non basta! E’ evidente che non basta acquisire le prove del KBA, visto che avevano già omologato i veicoli, ma i dati vanno riverificati con prove in Italia, con le attrezzature impiegate per le omologazioni fatte in Italia, a cura del Dipartimento trasporti terrestri, in modo da accertare la veridicità delle prove e confrontare in maniera omogenea la produzione tedesca con quella italiana e degli altri Paesi” ha dichiarato Massimiliano Dona, Segretario dell’Unione Nazionale Consumatori.
L’associazione di consumatori chiede anche una revisione delle norme e delle procedure europee sia per le prove di consumo, che per le omologazione in genere, per adeguarle alle condizioni di traffico di oggi.
“Le prove sui consumi sono nate quanto le autostrade non c’erano. Sono fatte in laboratorio, su rulli e senza traffico. Chiediamo siano fatte su strada, altrimenti i consumatori non saranno mai correttamente informati sul reale consumo della vettura che vogliono acquistare” ha concluso Dona.

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Le rivelazioni sulle emissioni diesel ‘truccate’ di Volkswagen potrebbero far arretrare il Gruppo per gli anni a venire

Posted by fidest press agency su martedì, 22 settembre 2015

Volkswagen“Il Gruppo Volkswagen (VW), la casa automobilistica più grande al mondo, è stato accusato di aver falsificato i risultati delle emissioni con l’Environmental Protection Agency (EPA) negli Stati Uniti. Questo riguarda 482.000 modelli diesel del segmento medio che sono stati dotati di un software detto “defeat device”, il quale è stato in grado di ridurre le emissioni fino al 40% durante la prova delle emissioni rispetto al normale utilizzo. Dopo la rivelazione, Martin Winterkorn, AD del Gruppo Volkswagen, ha dovuto scusarsi per aver ingannato i clienti sui risultati EPA. Ciò ha sollevato un’ondata di domande il merito al rinnovo del suo status di amministratore delegato e a quale impatto le rivelazioni avranno sugli investimenti per 7 miliardi di dollari programmati nel mercato statunitense per aumentare le vendite. Dal 2012 VW sta lottando nel mercato statunitense. Le vendite negli Stati Uniti rappresentano oggi solo il 6% del fatturato del gruppo. Il significato di questa rivelazione tuttavia ha già visto i prezzi delle azioni crollare del 22% dal momento che il Gruppo potrebbe essere sanzionato per 18 miliardi di dollari, per non parlare dell’impatto mediatico negativo.”

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