VW & MITSUBISHI AND THE NEXT?

ALMOST EVERYBODY KNOWS WHAT HAPPENED TO A/M COMPANIES.

WHO DON’T KNOW, THEY MAY FEEL FREE NOT TO READ THIS. JUST WASTE OF TIME.

I AM NOT FROM THE AUTOMOTIVE SECTOR, BUT FOLLOWING UP THIS ISSUE FROM MEDIA WITH GREAT INTEREST.

THE CASE IS EXTREMELY STRANGE AND EXTRAORDINARY IN ANY CASE, BUT MY FIRST IMPRESSION AND POINT OF VIEW WAS DIFFERENT WHEN FIRST HEARD ABOUT THE INCREDIBLY HUGE AMOUNT OF FINES WHICH VW FACED IN USA IN RECENT MONTHS ABOUT FAKE CALCULATION OF CO2 EMISSION, SO ON. THIS INCIDENT WAS PRESENTED BY THE MEDIA AS AN HUGE SCANDAL.

AT FIRST, I THOUGHT THAT, THIS IS TOTALLY A POLITICAL GAME BETWEEN US AND EU OR GERMANY, SO ON. ACTUALLY, I DO STILL NOT EXCLUDE THIS OPTION, BUT MY POINT IS DIFFERENT AT THE MOMENT.

SOME MONTHS AFTER THE VW SCANDAL, I HAVE ALSO HEARD SOMETHING ABOUT RENAULT, BUT CAN NOT REMEMBER THE DETAILS, WHICH WAS APPARENTLY NOT AS SCANDAL AS VW, AS THE CASE WAS CLOSED BY THE MEDIA SOON AFTER THE INITIAL NEWS…

LASTLY, THE VERY RECENT MITSUBISHI CASE AS YOU SHOULD ALREADY KNOW IF YOU ARE STILL READING THIS.

AS FAR AS WE UNDERSTAND FROM THE MEDIA, THIS IS ANOTHER HUGE SCANDAL OF THE GLOBAL AUTOMOBILE SECTOR ABOUT CHEATING THE CUSTOMERS, PUBLIC AND REGULATORY AUTHORITIES.

PS. GERMANS AND JAPANS ARE KNOWN AS MOST STRICT, PUNCTUAL AND HONEST HARD-WORKERS AT LEAST ON THE BUSINESS SIDE TO THE OPINION OF MANY PEOPLE INCLUDING MYSELF. I SIMPLY KEEP SAME OPINION DESPITE OF ABOVE.

LET ME TELL AS A FORTUNE TELLER THAT, THE MITSUBISHI IS NEVER THE LAST ONE TO SUFFER, BUT WE WILL SEE ALMOST ALL CAR MANUFACTURERS BEING CLAIMED SIMILARLY SOON OR LATE, BUT NOT SO LATE IN ANY CASE. IF I WOULD BE AN INVESTIGATOR TYPE JOURNALIST, I WOULD IMMEDIATELY GO DEEP TO THE OTHER MANUFACTURERS AND I AM SURE THERE ARE MORE BIG FISHES THERE.

BUT, THE GROUNDS OF MY POINT (WHICH COMES SOONEST) IS THAT, THE FISHES ARE ACTUALLY INNOCENT.

SO, WHY ARE THEY CONTINUOUSLY APOLOGISING FROM EVERYBODY? BECAUSE THEY ARE IN PANIC AND CAN NOT SEE THE BIG PICTURE!

ACTUALLY THE RELEVANT EXISTING SYSTEM HAS TO BE ACCUSED. I WILL EXPLAIN IT VERY SIMPLY AND EVERYBODY WILL UNDERSTAND IT.

AS PER EXISTING SYSTEM, ALL THE CAR MANUFACTURERS CALCULATE THEIR TECHNICAL DATA INCLUDING THE CO2 EMISSION BY THEIR OWN AND DECLARE SAME TO THE PUBLIC (AT THEIR WEB SITES, CATALOGUES, ETC) BY THEIR OWN TOO! THIS IS TOTALLY AND UNBELIEVABLY IRRATIONAL AND UNREASONABLE. THIS WAY IS MAKING SOMEONE A TEACHER, AT THE SAME TIME A STUDENT OF SAME CLASSROOM ALONE, WHERE AN EXAMINATION IS HELD, THE SAME ALONE PERSON IS CONTROLLING HIMSELF/HERSELF SO THAT TO KEEP HIMSELF/HERSELF HONEST, SO ON.. YOU CAN NEVER EXPECT FROM ANYBODY TO BE OBJECTIVE AGAINST HIMSELF/HERSELF AT THESE CONDITIONS. MY NEXT AND THE LAST EXAGGERATED EXAMPLE IS THAT, IF YOU LEAVE CHOCOLATES FREE ON THE TABLE NEXT TO LITTLE CHILDREN AND WARN THEM NOT TO EAT ANY UNTIL YOUR RETURN, IT IS SURE THAT YOU SEE NOTHING ON THE TABLE WHEN COME BACK.

SERIOUSLY SPEAKING, IMAGINE THE AUDIT COMPANIES LIKE S&P, MOODY’S, ARTHUR ANDERSEN, KPMG, ETC. WHAT DO THEY DO? WHAT IS THE CAUSE AND GROUNDS OF THEIR EXISTENCE IN THE ECONOMICAL SYSTEM? THE COUNTRIES OR COMPANIES THEY CONTROL, ARE OF COURSE CAPABLE TO MAKE THEIR OWN FINANCIAL / ACCOUNTING CALCULATIONS, BUT THEY PREFER IT TO BE UNDERTAKEN BY THE AUDIT COMPANIES. HENCE, THE THIRD PARTIES FEEL COMFORTABLE THAT, AN INDEPENDENT, RELIABLE, REPUTABLE ORGANISATION HAS APPROVED THE FINANCIAL RESULTS. (OK, THE AUDITORS HAVE ALSO “CONFUSED” SOMETHING IN THE RECENT YEARS, BUT LET’S ASSUME SUCH INCIDENTS AS ACCIDENT. BECAUSE, THE SYSTEM STILL NEEDS THEM AND THEY ARE STILL RENDERING AUDIT SERVICES..)

THE SOLUTION IS VERY CLEAR AND SIMPLE IN VIEW OF ABOVE. ACTUALLY, THIS CAN NOT BE DESCRIBED AS A SOLUTION, BECAUSE, THIS IS THE NATURAL OPTION WHICH SHOULD HAVE BEEN FOLLOWED SINCE VERY BEGINNING. FOR UNKNOWN REASONS, IT HAS NOT HAPPENED.

THE SOLUTION IS, EITHER THE A/M AUDIT COMPANIES ESTABLISH “AUTOMOBILE” DIVISIONS EMPLOYING TECH PEOPLE, JUST LIKE THE CAR PRODUCERS PRESENTLY DO, OR NEW COMPANIES ARE FOUNDED TO ACT AS “TECHNICAL AUDITORS” AND NO NEED TO SAY, THE GOVERNMENTS TO ARRANGE THE NEEDFUL TO PROCEED FURTHER.

THE ABOVE IS A COMPLIMENTARY CLARIFICATION TO THE CAR SECTOR BUT ESPECIALLY THE 2 MANUFACTURERS!