News of Spain
The Dieselgate drag the Volkswagen group in its first annual loss in 15 years. The automotive group closed 2015 with 1,582 million net loss in equalization with 10.800 million had won the previous year. The reason for the red numbers are the extraordinary provisions made by the group to meet the costs of massive trick of diesel engines. Extraordinary expenses last year totaling 16,900 million euros, of which 16,200 correspond to provisions made by Dieselgate, according to the group said yesterday.
The German giant billed 213,292 million, up 5.4% compared to 2014, however the number of vehicles sales fell 2% and stood at 9.93 million units. The Volkswagen Group has already registered the first quarterly loss in October, when it began to emerge that the costs to fix the trick would be high. The operating result of the multinational reflected losses of more than 4,000 million, matching the positive 12,600 million in 2014.
Volkswagen chairman, Matthias Müller, argued that the company is in shape despite provisions to address the consequences of the case of diesel masking results. “The current crisis has a major impact on the financial position and we are crossing our own resources,” he said in a statement. In fact, Volkswagen unveiled annual results by surprise. The official presentation in Wolfsburg was scheduled for next Thursday, April 28, when the dome is scheduled to give a press conference.
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last week, top management of the Volkswagen group has already announced its intention to cut salary. The executive committee and the supervisory board manufacturer reported the gesture to join the plan cost containment has launched the automaker to address economic and image which will involve them Dieselgate consequences. The wage reduction shall be 39% of the variable part.
As for the forecasts for 2016, the group does not rule out further declines in turnover of up to 5%, although registrations shall be approximately on the same level as last year . Volkswagen estimates that the operating margin will be between 5% and 6% .In time, in the US the manufacturer has already begun to scratch your pocket to prevent the trial. This week announced the judge who is willing to buy back more than 480,000 vehicles affected and to compensate customers. The amount of compensation can be about $ 5,000 per vehicle called as advanced Die Welt.
The solution for European buyers progresses more slowly and, so far, no compensation gestures manufacturer. This difference in treatment has already drawn criticism from German consumer advocate and the European Union itself, which requires the group to make no differences between affected.
new controversy in Germany
the publication of the results coincided with a new controversy yesterday by emissions. Audi, Porsche, Mercedes, Volkswagen and Opel manufacturers will have to review a total of 630,000 cars following the results of a study commissioned by the German Ministry of Transport. Investigates whether the vehicles anti-pollution systems disconnected when the engine warms up.
source Ara.cat
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