There has been a lot of debate over the last few decades about environmental sustainability and conservation. Most environmental protection organizations are concerned about pollution and globalization. The Environmental Protection Agency (EPA) has tightened emission standards due to the hazardous and fatal consequences of nitrogen oxide, a pollutant present in automobile exhaust. Because of these concerns, the EPA has continued to establish minimum emission limitations for all sorts of vehicles, including sports cars, heavy-duty trucks, autos, and other types of vehicles. Because nitrogen gas is hazardous to human health and causes illnesses including asthma, early mortality, bronchitis, respiratory, and cardiovascular disorders, these strict safeguards are required.
Background of the Case
By the end of 2015, the automobile industry had been startled by Volkswagen's unethical behavior, which is one of the most visible market participants among automakers. Various agencies have been looking into this matter since October 2015. Investigators have discovered major elements that contributed to the pollution issue. The Volkswagen deception scandal has had a cascade of disastrous effects for Volkswagen's direct and indirect stakeholders. The judge has not been able to complete the case and impose Volkswagen fines since it is still pending. In this example, the participants and major causes of the diesel emission test rigging are recognized in accordance with past research paper writers. Furthermore, the crucial consequences of such deceit on Volkswagen stakeholders are thoroughly described. The ideas presented to the court in order for him to evaluate a fair settlement for Volkswagen are examined in depth.
Volkswagen methodically placed essay rewriter software designed to cheat on emissions testing on 11 million diesel vehicles throughout the world, actively participating in a deception plan aimed at both customers and authorities.
Volkswagen intentionally and methodically placed the software in 11 million vehicles globally in this incident, dubbed ‘Dieselgate,' and proceeded to conduct fraud to hide these activities. Volkswagen's unlawful behaviour has evident severe environmental consequences, in addition to deceiving its shareholders and the US government, as well as customers and governments throughout the world.
Volkswagen's illegal activities, according to the Environmental Protection Agency (EPA), resulted in nitrogen oxide emissions up to 40 times the legal limit, resulting in an estimated 46,000 tonnes of pollutants between 2008 and 2015. According to another analysis done by Harvard and MIT researchers, these extra emissions would have resulted in about 59 premature deaths, 31 episodes of chronic bronchitis, and 34 hospital admissions in the United States alone.
Volkswagen SWOT analysis
1. Among all automobile businesses, it has the most diverse brand portfolio.
2. A new “TOGETHER – 2025” approach has been developed.
3. A strategy for diversification
1. Negative publicity tarnishes the Volkswagen brand as a whole
2. The market in the United States with the highest recall rate
3. The automobile market in the United States has a low market share.
1. In the foreseeable future, fuel costs are likely to climb.
2. Acquire abilities and talents via acquisitions
3. The need for self-driving cars
1. Tough competition
2. Additional penalties and damages that must be paid
3. Government restrictions are becoming more stringent
POLITICAL FACTORS AFFECTING VOLKSWAGEN
TAXES AND THE BREXIT DEAL
Volkswagen is a German brand, and the United Kingdom is a key European market. It refers to import and export tariffs following Britain's departure from the EU. The Brexit agreement, on the other hand, guarantees unfettered trade between the UK and Europe. However, the expense of clerical and paperwork services would raise the vehicle's price.
POLICY OF THE STREET TO ZERO
By the end of 2040, the UK government intends to remove all gasoline and diesel cars from the roads. The objective is to discourage the use of petroleum cars and minimise carbon emissions so that automakers may design vehicles properly. Since Volkswagen first introduced electric vehicles, the company has continued to expand its product line.
ECONOMICAL FACTORS IMPACTING VOLKSWAGEN
INCOME AND REVENUE
Volkswagen's yearly revenue was estimated to be 248.570 billion US dollars in 2020, down 11.09 percent from the previous year. The company's net income was 4.668 billion dollars, down 68.95 percent from the previous year.
The Brexit agreement has had a sporadic impact on many firms. Volkswagen is one of the automakers that is having financial difficulties. It's because a large number of Britons have stopped buying European goods. It has resulted in a decrease in the company's car sales.
SOCIAL FACTORS AFFECTING VOLKSWAGEN
TREND OF SHARED RIDE
People are becoming more intelligent, which is why they are choosing the shared economic model. As a result, the popularity of ride-sharing among young people is growing. As a result, Volkswagen should stay up with current trends and develop products/services that meet their demands.
TECHNOLOGICAL FACTORS AFFECTING VOLKSWAGEN
Many businesses rely on innovation to succeed since it gives them a competitive advantage. Volkswagen has been concentrating on the same issue, namely, increasing the economy of its vehicles. Automotive businesses, on the other hand, are focusing on radar innovation, mapping cameras, territorial sensors, and artificial intelligence. In the automobile industry, such developments would be revolutionary.
LEGAL FACTORS IMPACTING VOLKSWAGEN
Volkswagen might be impacted by legal considerations such as security, company operations, and labour regulations. Since the corporation has operations in about 160 countries. Laws and regulations differ from one country to the next. As a result, before releasing its goods in other countries, the car firm should observe the rules of those governments.
ENVIRONMENTAL FACTORS AFFECTING VOLKSWAGEN
TECHNOLOGY FOR CLEAN ENERGY
The primary goal of hybrid vehicles, hydrogen fuel batteries, and electric cars is to develop a technology that will be ecologically sustainable in the long run. It would assist the business assignment help in meeting the requirements of environmentally aware clients while also increasing sales. It benefits both the business and the environment.
In light of the diesel crisis, it's apparent that it was a blatant act of deception. The business made the decision to earn money at the expense of its consumers and the environment. The company's stakeholders were plainly put in a difficult position as a result of the incident. Volkswagen management's actions were unethical in the business world, resulting in a negative reputation for the corporation.