Volkswagen is one of the most well-known automobile brands, but recently, the use of hidden software to deceive American regulators measuring emissions from diesel-engined cars has plunged VW into crisis.
Its chief executive, Martin Winterkorn, who is responsible for this scandal, has resigned, and the company still needs to afford 8 billions dollars financial hit. However the senior management team of VW denied to admit that they know about this deceptive software. To beats its largest competitor Toyota of Japan in American market, Volkswagen came up with this” Clean Diesels” which seem to be great breakthrough in automobile manufacture industry. In reality, it is a financial fraud made by VW and its engineers who wanted to secure company’s financing and its market position. Volkswagen” Clean Diesels” cars covered all most quarter diesel cars in the world, so the impact of this scandal may causes the bankruptcy of diesel cars.
The deceptive software made by VW can switch off the the SCR(selectivecatalytic reduction) which is used to enhance the efficiency of fuel. This software allowed VW went through the American Standard Emission test and “The legend car” became company’s inventory asset, which laid firm foundation for VW in American market. Nevertheless, the company need to pay their debts after everyone knows their dirty fraud behind the scene, like Toyota did in 2009 for the brake scandal.
The emission causes large number of early death every year, around 58,000 a year in America alone, according to a study. This fraud is nothing than a misdemeanor or victimless crime. I believe that the departments concerned need to investigate the similar cases strictly in order to create a harmonious market and society.
Video about VW’s deceptive software
Works Cited
“Dirty Secrets.” The Economist. The Economist Newspaper, 26 Sept. 2015. Web. 29 Sept. 2015. <http://www.economist.com/news/leaders/21666226-volkswagens-falsification-pollution-tests-opens-door-very-different-car>.
Hotten, Russell. “Volkswagen: The Scandal Explained – BBC News.” BBC News. Business Reporter, 26 Sept. 2015. Web. 29 Sept. 2015. <http://www.bbc.com/news/business-34324772>.
“A Mucky Business.” The Economist. The Economist Newspaper, 26 Sept. 2015. Web. 29 Sept. 2015. <http://www.economist.com/news/briefing/21667918-systematic-fraud-worlds-biggest-carmaker-threatens-engulf-entire-industry-and>.