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Faster, Higher, Farther - The Volkswagen Scandal (Hardcover)
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Faster, Higher, Farther - The Volkswagen Scandal (Hardcover)
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In mid-2015, Volkswagen proudly reached its goal of surpassing
Toyota as the world's largest automaker. A few months later, the
EPA disclosed that Volkswagen had installed software in 11 million
cars that deceived emissions-testing mechanisms. By early 2017, VW
had settled with American regulators and car owners for $20
billion, with additional lawsuits still looming. In Faster, Higher,
Farther, Jack Ewing rips the lid off the conspiracy. 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 Piech 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. Unable to build cars that could meet emissions standards
in the United States honestly, engineers were left with no choice
but to cheat. 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. 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.
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