the vw scandal in review

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by: Mark Kilham, markkilhamfinancial.com

The VW Scandal in Review

The VW Scandal in Review : 2008

❖ VW announces new Clean Diesel cars.

❖ Many of these vehicles described in Europe as compliant.

❖ Cars with the test-deception software sold in the UK.

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The VW Scandal in Review : 2009

❖ In Europe, some VW models are labeled as “Euro emission class 5”, a change from class 4 in 2008.

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The VW Scandal in Review : 2009 +

❖ Sales in the US rebound, Clean Diesels win several environmental awards, while receiving tax breaks.

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The VW Scandal in Review : 2014

❖ International Council on Clean Transportation asks WVU CAFEE to illustrate advantages of US diesel technology, with the aim of Europe following suit.

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The VW Scandal in Review : 2014

❖ CAFEE finds these cars to have poor road emissions. Results are shared publicly, and the EPA notices

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The VW Scandal in Review : 2014 - 2015

❖ EPA conducts the the same tests and wants answers from VW.

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The VW Scandal in Review : December, 2014

❖ VW recalls TDI cars (voluntary), does not satisfy CARB and EPA.

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The VW Scandal in Review : September 3, 2015

❖ EPA claims they will not certify 2016 diesel models, VW admits to deceptive software installed in cars that allows it to pass emissions test under false pretenses.

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The VW Scandal in Review : September 18, 2015

❖ EPA publicly announces recall of models from 2009-2015.

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The VW Scandal in Review : September 20, 2015

❖ VW formally acknowledges the emissions software and apologizes.

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The VW Scandal in Review : September 21, 2015

❖ VW stock down 20%

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The VW Scandal in Review : September 22, 2015

❖ VW announces plan to allocate 6.5 Billion Euros to cover costs of bringing recalled cars up to emissions standards.

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The VW Scandal in Review : September 23, 2015

❖ CEO Winterkorn and other executives resign from their posts.

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The VW Scandal in Review : September 29, 2015

❖ VW plans to refit as many as eleven million vehicles impacted by the scandal.

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The VW Scandal in Review : October 2, 2015

❖ VW site that allows customers to find out whether or not their car is affected goes live.

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The VW Scandal in Review : October 8, 2015

❖ VW US CEO Michael Horn testifies in US Congress

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The VW Scandal in Review : October 8, 2015

❖ VW US CEO Michael Horn testifies in US Congress

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