”Hoaxwagen – How the massive diesel fraud incinerated VW’s reputation—and will hobble the company for years to come”.

vwg-opener

”In late 2008 a publication called Green Car Journal compared the five finalists of its annual Green Car of the Year award. “Fulfilling this growing desire for vehicles with better fuel economy and overall environmental performance is no easy thing,” it noted. “Rising to the top is the 2009 Volkswagen Jetta TDI.” The car was the winner because its “groundbreaking clean diesel” engine managed to meet America’s “stringent tailpipe emissions standards” while also delivering “admirable fuel efficiency,” “satisfying performance,” and “a very reasonable” price.

That award was recently rescinded. The Jetta—like at least 14 other so-called Clean Diesel models sold by Volkswagen Group under its VW, Audi, and Porsche marques from 2008 to 2015—was actually the automotive equivalent of Piltdown Man. It was a hoax…….”

Read full article here: http://fortune.com/inside-volkswagen-emissions-scandal/

Source: Fortune

The Board Director Training Institute (BDTI) is a "public interest" nonprofit in Japan dedicated to training about directorship, corporate governance, and related management techniques. It is certified by the Japanese government to conduct these activities as a regulated nonprofit. Read a summary about BDTI here, and see a menu of its services for both corporations and investors here.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.