Corporate Finance projects.docx - Angela Torrecillas Aleksandra Sikorska Maria Beliniak ElIiott Marque Dhairya Joshi and Virgile Groc Team project of

Corporate Finance projects.docx - Angela Torrecillas...

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Angela Torrecillas, Aleksandra Sikorska, Maria Beliniak, ElIiott Marque, Dhairya Joshi and Virgile Groc Team project of Corporate Finance: Volkswagen Volkswagen is a German automaker group. The group was created in 1937 by the German Labour Front and is nowadays the owner of brands such as Škoda , Porsche and Audi.
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Three years ago, the group sold nearly 10 million cars, including the sale of passenger cars and the sale of commercial vehicles in more than 38 countries in the world with 25 countries in Europe. We can denombrate more than 120 production sites all around the world that produce cars everyday. Nowadays 20 manufacturers can be counted. Five days a week, nearly 627 000 employees all around the world are building more than 40 000 vehicles. To go further, in France, more than 18000 people work for the brand and VW is the first employer in the department “Aisne”. What makes the company so impressive is that they often hire new people, for instance in 2013, they created 23000 new jobs. Volkswagen is a worldwide company that succeed in adapting to each country they want to sell its vehicles. Indeed, the group is doing a clear analysis made of PESTEL and SWOT analysis of each country they are looking for the expansion. Volkswagen is listed primarily on the Frankfurt Stock Exchange Market and secondary on the Luxembourg Stock exchange Market. It is also present on the US OTC Marketplace and has delisted from the London Stock Exchange in 2013. The German company operates in the automotive industry, producing models such as Sedans, Convertibles, Compact cars, minivans, Breaks, Citadines, Coupés... I. Volkswagen emissions scandal
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In 2014, the Volkswagen Group is accused of not following the standards against pollution in the United States and Europe mainly. In 2015, the group admits they did not meet the standards by installing a system in their cars in order to rig the real pollution that its engines produce. The software was installed in the four-cylinder diesel engines, which are themselves installed in almost 32 models of brands that Volkswagen produces and markets. Nearly 12 million impacted cars are part of the brands, Volkswagen, Audi, Škoda and Seat. The group chose to install this software because the pollution control device they should have installed without fraud reduces the power of the engine which can displease Volkswagen consumers and therefore lower sales. As a result, Volkswagen had to stop selling these brands in North America that failed to meet the standards. Group chairman Martin Winterkorn resigned saying he was unaware of the software and the economic consequences are also strong. The general automotive sector in Europe is reduced, with Switzerland and Belgium no longer allowing the sale of cars that use Diesel.
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