- Volkswagen AG has issued the following information:
Volkswagen is working at full speed to clarify irregularities concerning a particular software used in diesel engines. New vehicles from the Volkswagen Group with EU 6 diesel engines currently available in the European Union comply with legal requirements and environmental standards. The software in question does not affect handling, consumption or emissions. This gives clarity to customers and dealers.
Further internal investigations conducted to date have established that the relevant engine management software is also installed in other Volkswagen Group vehicles with diesel engines. For the majority of these engines the software does not have any effect.
Discrepancies relate to vehicles with Type EA 189 engines, involving some eleven million vehicles worldwide. A noticeable deviation between bench test results and actual road use was established solely for this type of engine. Volkswagen is working intensely to eliminate these deviations through technical measures. The company is therefore in contact with the relevant authorities and the German Federal Motor Transport Authority (KBA – Kraftfahrtbundesamt).
To cover the necessary service measures and other efforts to win back the trust of our customers, Volkswagen plans to set aside a provision of some 6.5 billion EUR recognized in the profit and loss statement in the third quarter of the current fiscal year. Due to the ongoing investigations the amounts estimated may be subject to revaluation. Earnings targets for the Group for 2015 will be adjusted accordingly.
Volkswagen does not tolerate any kind of violation of laws whatsoever. It is and remains the top priority of the Board of Management to win back lost trust and to avert damage to our customers. The Group will inform the public on the further progress of the investigations constantly and transparently.
Volkswagen is working at full speed to clarify irregularities concerning a particular software used in diesel engines. New vehicles from the Volkswagen Group with EU 6 diesel engines currently available in the European Union comply with legal requirements and environmental standards. The software in question does not affect handling, consumption or emissions. This gives clarity to customers and dealers.
Further internal investigations conducted to date have established that the relevant engine management software is also installed in other Volkswagen Group vehicles with diesel engines. For the majority of these engines the software does not have any effect.
Discrepancies relate to vehicles with Type EA 189 engines, involving some eleven million vehicles worldwide. A noticeable deviation between bench test results and actual road use was established solely for this type of engine. Volkswagen is working intensely to eliminate these deviations through technical measures. The company is therefore in contact with the relevant authorities and the German Federal Motor Transport Authority (KBA – Kraftfahrtbundesamt).
To cover the necessary service measures and other efforts to win back the trust of our customers, Volkswagen plans to set aside a provision of some 6.5 billion EUR recognized in the profit and loss statement in the third quarter of the current fiscal year. Due to the ongoing investigations the amounts estimated may be subject to revaluation. Earnings targets for the Group for 2015 will be adjusted accordingly.
Volkswagen does not tolerate any kind of violation of laws whatsoever. It is and remains the top priority of the Board of Management to win back lost trust and to avert damage to our customers. The Group will inform the public on the further progress of the investigations constantly and transparently.
To cover the necessary service measures and other efforts to win back the trust of our customers, Volkswagen plans to set aside a provision of some 6.5 billion EUR recognized in the profit and loss statement in the third quarter of the current fiscal year. Due to the ongoing investigations the amounts estimated may be subject to revaluation. Earnings targets for the Group for 2015 will be adjusted accordingly.
Volkswagen does not tolerate any kind of violation of laws whatsoever. It is and remains the top priority of the Board of Management to win back lost trust and to avert damage to our customers. The Group will inform the public on the further progress of the investigations constantly and transparently.
- Statement from the Executive Committee of Volkswagen AG’s Supervisory Board
In a meeting on Wednesday, September 23, the Executive Committee of the Supervisory Board of Volkswagen AG discussed in detail the manipulation of emissions data of Volkswagen Group diesel engines and came to the following conclusions:
1. The Executive Committee takes this matter extremely seriously. The Executive Committee recognizes not only the economic damage caused, but also the loss of trust among many customers worldwide.
2. The Executive Committee agrees that these incidents need to be clarified with great conviction and that mistakes are corrected. At the same time, the Executive Committee is adamant that it will take the necessary decisive steps to ensure a credible new beginning.
3. The Executive Committee has great respect for Chairman Professor Dr. Winterkorn’s offer to resign his position and to ask that his employment agreement be terminated. The Executive Committee notes that Professor Dr. Winterkorn had no knowledge of the manipulation of emissions data. The Executive Committee has tremendous respect for his willingness to nevertheless assume responsibility and, in so doing, to send a strong signal both internally and externally. Dr. Winterkorn has made invaluable contributions to Volkswagen. The company’s rise to global company is inextricably linked to his name. The Executive Committee thanks Dr. Winterkorn for towering contributions in the past decades and for his willingness to take responsibility in this criticall phase for the company. This attitude is illustrious.
4. Recommendations for new personnel will be presented at the upcoming meeting of the Supervisory Board this Friday.
5. The Executive Committee is expecting further personnel consequences in the next days. The internal Group investigations are continuing at a high tempo. All participants in these proceedings that has resulted in unmeasurable harm for Volkswagen, will be subject to the full consequences.
6. The Executive Committee have decided that the company will voluntarily submit a complaint to the State Prosecutors’ office in Brunswick. In the view of the Executive Committee criminal proceedings may be relevant due to the irregularities. The investigations of the State Prosecutor will be supported in all form from the side of Volkswagen.
7. The Executive Committee proposes that the Supervisory Board of Volkswagen AG create a special committee, under whose leadership further clarifying steps will follow, including the preparation of the necessary consequences. In this regard, the Special Committee would make use of external advice. Further details about this will be decided at the Supervisory Board meeting on Friday.
8. The Executive Committee is aware that coming to terms with the crisis of trust will be a long term task that requires a high degree of consistency and thoroughness.
9. The Executive Committee will work on these tasks together with the employees and the Management Board. Volkswagen is a magnificent company that depends on the efforts of hundreds of thousands of people. We consider it our task that this company regains the trust of our customers in every respect.
2. The Executive Committee agrees that these incidents need to be clarified with great conviction and that mistakes are corrected. At the same time, the Executive Committee is adamant that it will take the necessary decisive steps to ensure a credible new beginning.
3. The Executive Committee has great respect for Chairman Professor Dr. Winterkorn’s offer to resign his position and to ask that his employment agreement be terminated. The Executive Committee notes that Professor Dr. Winterkorn had no knowledge of the manipulation of emissions data. The Executive Committee has tremendous respect for his willingness to nevertheless assume responsibility and, in so doing, to send a strong signal both internally and externally. Dr. Winterkorn has made invaluable contributions to Volkswagen. The company’s rise to global company is inextricably linked to his name. The Executive Committee thanks Dr. Winterkorn for towering contributions in the past decades and for his willingness to take responsibility in this criticall phase for the company. This attitude is illustrious.
4. Recommendations for new personnel will be presented at the upcoming meeting of the Supervisory Board this Friday.
5. The Executive Committee is expecting further personnel consequences in the next days. The internal Group investigations are continuing at a high tempo. All participants in these proceedings that has resulted in unmeasurable harm for Volkswagen, will be subject to the full consequences.
6. The Executive Committee have decided that the company will voluntarily submit a complaint to the State Prosecutors’ office in Brunswick. In the view of the Executive Committee criminal proceedings may be relevant due to the irregularities. The investigations of the State Prosecutor will be supported in all form from the side of Volkswagen.
7. The Executive Committee proposes that the Supervisory Board of Volkswagen AG create a special committee, under whose leadership further clarifying steps will follow, including the preparation of the necessary consequences. In this regard, the Special Committee would make use of external advice. Further details about this will be decided at the Supervisory Board meeting on Friday.
8. The Executive Committee is aware that coming to terms with the crisis of trust will be a long term task that requires a high degree of consistency and thoroughness.
9. The Executive Committee will work on these tasks together with the employees and the Management Board. Volkswagen is a magnificent company that depends on the efforts of hundreds of thousands of people. We consider it our task that this company regains the trust of our customers in every respect.
這是跨國大公司 上市的市場很多.
- 從 CEO 的聲明, 可以看出VW 對客戶及員工之重視
Statement by Prof. Dr. Winterkorn
"“I am shocked by the events of the past few days. Above all, I am stunned that misconduct on such a scale was possible in the Volkswagen Group.
As CEO I accept responsibility for the irregularities that have been found in diesel engines and have therefore requested the Supervisory Board to agree on terminating my function as CEO of the Volkswagen Group. I am doing this in the interests of the company even though I am not aware of any wrong doing on my part.
Volkswagen needs a fresh start – also in terms of personnel. I am clearing the way for this fresh start with my resignation.
I have always been driven by my desire to serve this company, especially our customers and employees. Volkswagen has been, is and will always be my life.
The process of clarification and transparency must continue. This is the only way to win back trust. I am convinced that the Volkswagen Group and its team will overcome this grave crisis."
As CEO I accept responsibility for the irregularities that have been found in diesel engines and have therefore requested the Supervisory Board to agree on terminating my function as CEO of the Volkswagen Group. I am doing this in the interests of the company even though I am not aware of any wrong doing on my part.
Volkswagen needs a fresh start – also in terms of personnel. I am clearing the way for this fresh start with my resignation.
I have always been driven by my desire to serve this company, especially our customers and employees. Volkswagen has been, is and will always be my life.
The process of clarification and transparency must continue. This is the only way to win back trust. I am convinced that the Volkswagen Group and its team will overcome this grave crisis."
- VW 官網:: http://www.volkswagenag.com/content/vwcorp/content/en/homepage.html
- 公司簡介:
In Western Europe, more than one in four new cars (25.1 percent) is made by the Volkswagen Group. Group sales revenue in 2014 totaled €202 billion (2002億歐元)(2013: €197 billion), while profit after tax amounted to €11.1 billion (2013: €9.1 billion).
The Group comprises twelve brands from seven European countries: Volkswagen Passenger Cars, Audi, SEAT, ŠKODA, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN.
Each brand has its own character and operates as an independent entity on the market. The product spectrum ranges from motorcycles to low-consumption small cars and luxury vehicles. In the commercial vehicle sector, the products include ranges from pick-ups, buses and heavy trucks.
The Volkswagen Group is also active in other fields of business, manufacturing large-bore diesel engines for marine and stationary applications (turnkey power plants), turbochargers, turbomachinery (steam and gas turbines), compressors and chemical reactors. It also produces vehicle transmissions, special gear units for wind turbines, slide bearings and couplings as well as testing systems for the mobility sector.
In addition, the Volkswagen Group offers a wide range of financial services, including dealer and customer financing, leasing, banking and insurance activities, and fleet management.
The Group operates 119 (May 26, 2015) production plants in 20 European countries and a further 11 countries in the Americas, Asia and Africa. Every weekday, 592,586 employees worldwide produce nearly 41,000 vehicles, and work in vehicle-related services or other fields of business. The Volkswagen Group sells its vehicles in 153 countries.
The Group’s goal is to offer attractive, safe and environmentally sound vehicles which can compete in an increasingly tough market and set world standards in their respective class.
全球共41家分公司, 在全球各資本本市場上市
| Company | Symbol | Exchange |
|---|---|---|
| VOLKSWAGEN AG | VOWG_P.DE | XETRA |
| VOLKSWAGEN AG | VOW3N.MX | MEXICO STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG.AS | AMSTERDAM STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG.AS1 | AMSTERDAM STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG.BE | BERLIN STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG.BN | BERNE STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG.D | DUSSELDORF STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG.DE | XETRA |
| VOLKSWAGEN AG | VOWG.F | FRANKFURT STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG.H | HAMBURG STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG.HA | HANOVER STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG.MU | MUNICH STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG.PAP | PARIS STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG.S | SWISS EXCHANGE |
| VOLKSWAGEN AG | VOWGEUR.DEP | XETRA |
| VOLKSWAGEN AG | VOWGEUR.IP | IRISH STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWGEUR.MIP | MILAN STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWGEUR.PAP | PARIS STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWGEUR.STP | STOCKHOLM STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWGEUR.VIP | VIENNA STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWGYA.DE | XETRA |
| VOLKSWAGEN AG | VOWGYA.F | FRANKFURT STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWGYB.BE | BERLIN STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWGYB.DE | XETRA |
| VOLKSWAGEN AG | VOWGYB.F | FRANKFURT STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG_P.BE | BERLIN STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG_P.BN | BERNE STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG_P.D | DUSSELDORF STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG_P.F | FRANKFURT STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG_P.H | HAMBURG STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG_P.HA | HANOVER STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG_P.MU | MUNICH STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG_P.PAP | PARIS STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG_P.S | SWISS EXCHANGE |
| VOLKSWAGEN AG | VOWG_PEUR.DEP | XETRA |
| VOLKSWAGEN AG | VOWG_PEUR.IP | IRISH STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG_PEUR.MIP | MILAN STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG_PEUR.PAP | PARIS STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG_PEUR.STP | STOCKHOLM STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWG_PEUR.VIP | VIENNA STOCK EXCHANGE |
| VOLKSWAGEN AG | VOWNE_P.SP | SWISS EXCHANGExe |
- XETRA : http://www.xetra.com/xetra-en/
- Xetra ("Exchange Electronic Trading") is an electronic trading system for securities, based in Frankfurt, Germany. It was initially developed for the Frankfurt Stock Exchange which launched it in November, 1997.[1] It is operated by Deutsche Börse.
More than 14 other stock exchanges around the world have licensed the system. Xetra’s electronic trading technology proved popular with other exchanges as it had a good record of scalability, speed, reliability and the ease with which it could be adapted in other markets.
The conception and the implementation of the Xetra System was carried out by Accenture and Deutsche Börse Systems, the technology division of Deutsche Börse.
The Xetra system has been successfully implemented on the Irish Stock Exchange (operating as ISE Xetra),[2] the Vienna Stock Exchange,[3]the Bulgarian Stock Exchange, the European Energy Exchange,[4] the Budapest Stock Exchange,[5] and a number of other exchanges. It will also be installed on the Prague Stock Exchange and Shanghai Stock Exchange.[6]
In September, 2011, disagreement over "the introduction of the Xetra" system was given as the reason for the resignation of Budapest exchange head Mihaly Patai. "Patai, who is also chairman-chief executive of the Hungarian arm of Italy-based UniCredit S.p.A. (UNG.MI) and chairman of the Hungarian Banking Association, has been in charge of the bourse since December, 2008," according to the report.
- 董事會
SUMMARY
| Name | Age | Since | Current Position |
|---|---|---|---|
Ferdinand Pieech | 78 | 2002 | Chairman of the Supervisory Board |
Martin Winterkorn | 68 | 2007 | Chairman of the Management Board |
Klaus Liesen | 2006 | Honorary Chairman of the Supervisory Board | |
Berthold Huber | 65 | 2010 | Deputy Chairman of the Supervisory Board, Employee Representative |
Hans Poetsch | 64 | 2003 | Member of the Management Board, Finance and Controlling |
Christian Klingler | 47 | 2010 | Member of the Management Board responsible for Sales and Marketing |
Horst Neumann | 65 | 2005 | Member of the Management Board responsible for Human Resources and Organization |
Francisco Garcia Sanz | 58 | 2001 | Member of the Board of Management responsible for Procurement |
Jochem Heizmann | 63 | 2012 | Member of the Management Board, China |
Michael Macht | 54 | 2010 | Member of the Management Board responsible for Production |
Leif Oestling | 69 | 2012 | Member of the Management Board, Group Commercial Vehicles |
Andreas Renschler | 56 | 2015 | Member of the Management Board, responsible for commercial vehicles |
Rupert Stadler | 52 | 2010 | Member of the Management Board |
Ahmad Al Sayed | 38 | 2013 | Member of the Supervisory Board |
Hussain Al-Abdulla | 57 | 2010 | Member of the Supervisory Board |
Juergen Dorn | 48 | 2013 | Member of the Supervisory Board, Employee Representative |
Annika Falkengren | 53 | 2011 | Member of the Supervisory Board |
Hans-Peter Fischer | 55 | 2013 | Member of the Supervisory Board |
Uwe Fritsch | 58 | 2012 | Member of the Supervisory Board, Employee Representative |
Babette Froehlich | 49 | 2007 | Member of the Supervisory Board, Employee Representative |
Olaf Lies | 47 | 2013 | Member of the Supervisory Board |
Hartmut Meine | 62 | 2008 | Member of the Supervisory Board, Employee Representative |
Peter Mosch | 42 | 2006 | Member of the Supervisory Board, Employee Representative |
Bernd Osterloh | 58 | 2005 | Member of the Supervisory Board, Employee Representative |
Hans Piech | 58 | 2009 | Member of the Supervisory Board |
Ursula Piech | 58 | 2012 | Member of the Supervisory Board |
Ferdinand Porsche | 53 | 2009 | Member of the Supervisory Board |
Wolfgang Porsche | 71 | 2008 | Member of the Supervisory Board |
Stephan Weil | 56 | 2013 | Member of the Supervisory Board |
Stephan Wolf | 48 | Member of the Supervisory Board, Employee Representative | |
Thomas Zwiebler | 49 | 2010 | Member of the Supervisory Board, Employee Representative |
Christine Ritz | Group Head of Investor Relations |
Volkswagen AG (VOWG_p.DE)
PROFITABILITY RATIOS
| Company | industry | sector | |||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin (TTM) | 18.84 | 20.06 | 24.74 | ||||||||||||||||||||||||||||||||||||||
| Gross Margin - 5 Yr. Avg. | 17.17 | 19.78 | 23.64 | ||||||||||||||||||||||||||||||||||||||
| EBITD Margin (TTM) | 12.50 | -- | -- | ||||||||||||||||||||||||||||||||||||||
| EBITD - 5 Yr. Avg | 13.41 | 13.25 | 14.33 | ||||||||||||||||||||||||||||||||||||||
| Operating Margin (TTM) | 6.28 | 8.07 | 10.01 | ||||||||||||||||||||||||||||||||||||||
| Operating Margin - 5 Yr. Avg. | 6.18 | 9.38 | 10.59 | ||||||||||||||||||||||||||||||||||||||
| Pre-Tax Margin (TTM) | 6.91 | 11.88 | 13.01 | ||||||||||||||||||||||||||||||||||||||
| Pre-Tax Margin - 5 Yr. Avg. | 9.18 | 13.19 | 13.70 | ||||||||||||||||||||||||||||||||||||||
| Net Profit Margin (TTM) | 5.19 | 9.42 | 10.13 | ||||||||||||||||||||||||||||||||||||||
| Net Profit Margin - 5 Yr. Avg. | 7.41 | 10.51 | 10.77 | ||||||||||||||||||||||||||||||||||||||
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