Im part of a group presentation so the group asked me to do 2-3 slides presentation.
Im going to give you tow parts of articles or two topic i want 2 – 3 slides and speaker notes for each slide.
So the first slide will be about …
What has been VW’s response?
“We’ve totally screwed up,” said VW America boss Michael Horn, while the group’s chief executive at the time, Martin Winterkorn, said his company had “broken the trust of our customers and the public”. Mr Winterkorn resigned as a direct result of the scandal and was replaced by Matthias Mueller, the former boss of Porsche.
“My most urgent task is to win back trust for the Volkswagen Group – by leaving no stone unturned,” Mr Mueller said on taking up his new post.
VW has also launched an internal inquiry.
With VW recalling millions of cars worldwide from early next year, it has set aside ?6.7bn (£4.8bn) to cover costs. That resulted in the company posting its first quarterly loss for 15 years of ?2.5bn in late October.
But that’s unlikely to be the end of the financial impact. The EPA has the power to fine a company up to $37,500 for each vehicle that breaches standards – a maximum fine of about $18bn.
The costs of possible legal action by car owners and shareholders “cannot be estimated at the current time”, VW added.
took it from this article http://www.bbc.com/news/business-34324772
Second part or slide and third ..
What?s going to happen to Volkswagen?
On January 4, 2016, the U.S. Department of Justice first sued Volkswagen on behalf of the EPA. Volkswagen will now pay $14.7 billion to settle with three federal agencies suing the automaker for its excessive diesel emissions, the highest ever paid by a company for violations under the Clean Air Act. The Environmental Protection Agency, the Federal Trade Commission, and the Department of Justice announced the partial settlement on June 28, 2016. Aside from the $10 billion buyback program, another $2.7 billion will fund future state-level projects that reduce nitrogen-oxide emissions under the EPA?s Diesel Emissions Reduction Act, which are federal grants marked to replace old diesel engines and for retrofit kits for alternative-fuel powertrains and other similar vehicle hardware.
Volkswagen must buy back 85 percent of all cars by June 2019, or else it must pay even more to fund such projects. The automaker also must spend $2 billion over the next 10 years to invest in green energy and electric cars, including paying for new public charging stations and public-education programs.
Under the latest settlement with 3.0-liter diesels, Volkswagen will also be required to pay an additional $225 million toward projects that reduce NOx emissions. California will receive $41 million of that, and the California Air Resources Board (CARB) wrote into the settlement some very specific requirements for the sale of electric vehicles.
A Canadian settlement, which keeps to terms that are comparable to the U.S. settlement finalized in October, will cover about 105,000 vehicles there and potentially cost the automaker the equivalent of U.S. $1.6 billion. As in the United States, Canadian owners will be eligible to sell their vehicle back at an agreed-upon price or opt to fix their vehicle and receive a payment. And under a tentative consumer settlement in Canada, Volkswagen and Audi Canada will pay out the equivalent of U.S. $11.2 million.
Additional civil penalties and further state-level fines have not been determined but could add billions more. Volkswagen had originally set aside more than $7 billion to cover recall-related costs.
Since news of the first violation broke on September 18, 2015, more than a quarter of the company?s market cap has been wiped out with its nosediving stock price through June 28, 2016, and the company has abandoned its goal of becoming the world?s largest automaker by 2018. Volkswagen is not even concerned with its U.S. sales numbers until this problem is resolved, according to chairman Herbert Diess. The company has posted consecutive U.S. monthly sales losses since November.
CEO Matthias Müller?who said the company didn?t lie but faces a ?technical problem??has now ordered a complete reorganization that will see 30 battery-electric vehicles introduced across its 12 divisions by 2025. It inevitably will lead to firings, model cuts across its 340 variants, and other corporate changes. So far, though, even seemingly frivolous divisions like Bugatti aren?t getting axed. Former CEO Martin Winterkorn, who resigned in September, reportedly received a memo regarding the diesel problem in May 2014. He has not confirmed whether he actually read it.
I took it from this article ..
Tell me If the instructions are clear