About before. In may of 2014, independent researchers published a report that identity higher than expected emissions which prompted investigations by the ep epa. When did vw first become aware of this researche. End of april, when it was published. I got it in may, i got information about this. What steps did vw take to evaluate the conclusions of the research at that time. First of all, to acknowledge that emission violations or higher emissions are not legal. Secondly, the engineering departments were supposed to recheck those testing results on our own equipments in order to validate this. And thirdly, to correct this with the respective software actions which have been implemented at the end of last year . Who implemented this, and who was responsible for it . Indeed the Software Applications management are being done in germany at the engine and drive Time Department within the research and development division. Okay. The epa describe a series of presentations or discussions with
How seriously does volkswagen take its commitment to the environmental responsibility . Mr. Horn this is deeply maybe it is difficult to understand in this context, but it is deeply embedded in our corporate culture. We have three values. Responsible toward our employees and the environment. Our plant in tennessee is platinum leed certification. This is the most clean and Energy Efficient plant in the world. All our plans have commitment to reduce carbon footprint. Whether these plants are india, china, they are always up to the highest volkswagen standards which go beyond so this is part of the corporate culture. Im assuming that is throughout, including your engineers and scientists. This is part of the fos the ethos. How do you explain this massive deviation . The majority of all volkswagen employees ask the same question. It is a relevant question and i hope that these investigations would definitely find out what drove those people. What drove those people into these decisions. I
Thats a great question and it can get you the answer now. Was something done . I hope you can provide that to the committee. Im certain the record will be open. If i can just confirm some of the information weve received. Volkswagen initiated a voluntary recall in december of 2014 that was intended in part to address the issue of excess of noncommission was that correct . Could you repeat the question . Volkswagen initiated a voluntary recall in december of 2014 . Thats correct. You had volkswagen propose the recall. The Technical Engineering Department in concert with the committee worldwide. What explanation was given to consumer about why that to december 2014 recall was necessary . I would have to look into the document on how what we wrote to those consumers. I dont know. You will provide that to the committee please . Definitely. Its public. What explanation was given to regulator about why that december 2014 recall was necessary . What fix do the volkswagen implement for cars un
Look at how technology revolutionized the way you get a room on the road. I will bejoining joined by the ceo of expedia. They have a number of initiatives in the early stages that could boost growth and move valuations. Violent protests rocked the streets of ferguson, missouri. Technology is everywhere. Many demonstrators protesting the shooting of michael brown. They are tweeting about the events, giving the public instant details about what is happening on the ground. Is twittere tweeting cofounder jack dorsey, a st. Louis native. He was on the streets of ferguson last week and had been marching him a posting vines and tweets about all that has been going on there. For more on the role tech is davidg lets bring in kirkpatrick, bloomberg contributing editor. Mac, let me start with you. We are not just seeing vines or youtube videos, we are seeing what is happening as it is happening based on what is going on on your site. It tell us what is going on from the inside. We had a Radio Sta
From current levels. An end to the horror story, promising to protect Bank Deposits in next months elections. What this greece would mean for europe. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Now, a press conference by airasia is under way after indonesian authorities confirmed bodies and debris from the flight have the spotted. These are live pictures youre seeing right now at the moment and we will bring you more from that press conference if and when we get them. For now, lets join martin sung who joins us from Singapore Airport. Good morning, wilfred. Were monitoring that press conference. Europe wakes up to extremely sad news out here in asia. We have confirmed reports that at least one body has been recovered from the search area by search and rescue teams and unconfirmed reports said several other bodies have been as well. These were of course a part of the 162 passengers and crew on board, airasia 8501 which went missing comi