VW Begins to Put its House in Order
Friday, December 11, 2015 at 12:00AM By Christopher A. Sawyer;)
Volkswagen’s response to the diesel scandal has been moving forward with blitzkrieg-like speed. At a press conference this week at the company’s Wolfsburg headquarters in Germany, Chairman of the Board of Management, Matthias Müller stated, “We are doing everything to overcome the current situation, but we will not allow the crisis to paralyze us. On the contrary, we will use it as a catalyst to make the changes Volkswagen needs.”
VW’s internal investigation is overseen by a special committee of the Supervisory Board, and contains approximately 450 experts from both inside and outside the company. The Group Audit investigation team was mandated to investigate relevant processes, reporting and monitoring systems, and the infrastructure associated with these areas. Once complete, it will send its findings to a group of investigators from the international law firm Jones Day. The law firm has a parallel mandate from the board to clarify facts and responsibilities, and to conduct a forensic investigation with operational support from the audit firm Deloitte. So far Group Audit’s process examination laid blame for the NOx software scandal on the interaction of three factors: