Ironically, it was recently reported that Volkswagen beat its 2018 forecasts despite the so-called 'Dieselgate' scandal, which was previously examined in the documentary Backfired: When VW Lied to America.
As a proud Volkswagen leasee for the last decade-plus, I personally hope this project comes to fruition, as I sure am curious about the details of who knew what and when.
The resulting fallout sent VW's stock plunging, with the ultimate cost to the company now estimated to be around $30 billion in repairs, customer reimbursement and fines.ĭiCaprio is a longtime environmental activist, so naturally, the story spoke to him and he set out to find the movie in there. These devices could reportedly tell when a car was being tested for fuel emissions, and would turn on the emissions controls to cheat the test and meet EPA standards. Faster, Higher, Farther reveals how the succeed-at-all-costs mentality prevalent in modern boardrooms led to one of corporate history’s farthest-reaching cases of fraud―with potentially devastating consequences.The scandal had widespread repercussions, including the resignation of Volkswagen Group CEO Martin Winterkorn, who allegedly knew that the company had placed illegal software known as "defeat devices" in their Clean Diesel cars. Volkswagen then compounded the fraud by spending millions marketing “clean diesel,” only to have the lie exposed by a handful of researchers on a shoestring budget, resulting in a guilty plea to criminal charges in a landmark Department of Justice case. Unable to build cars that could meet emissions standards in the United States honestly, engineers were left with no choice but to cheat. He describes VW’s rise from “the people’s car” during the Nazi era to one of Germany’s most prestigious and important global brands, touted for being “green.” He paints vivid portraits of Volkswagen chairman Ferdinand Piëch and chief executive Martin Winterkorn, arguing that the corporate culture they fostered drove employees, working feverishly in pursuit of impossible sales targets, to illegal methods. In Faster, Higher, Farther, Jack Ewing rips the lid off the conspiracy.
By early 2017, VW had settled with American regulators and car owners for $20 billion, with additional lawsuits still looming. Silent and powerless you stand there, You want to go under without a fight.
A few months later, the EPA disclosed that Volkswagen had installed software in 11 million cars that deceived emissions-testing mechanisms. You look at your own face, yawning, You never look for a light in the darkness. In mid-2015, Volkswagen proudly reached its goal of surpassing Toyota as the world’s largest automaker. Faster, Higher, Farther: The Volkswagen ScandalĪ shocking exposé of Volkswagen’s fraud by the New York Times reporter who covered the scandal.
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