尾氣排放醜聞發酵 穆迪下調大衆債務評級

Volkswagen needs to tear up its complex corporate governance structure in the wake of the emissions scandal that knocked a further 10 per cent off its share price yesterday, according to investors and governance experts.

按照投資者和企業治理專家的說法，大衆(Volkswagen)必須徹底整改其複雜的企業治理結構。尾氣排放醜聞昨日令大衆(Volkswagen)股價進一步下滑10%。

They called for a radical overhaul that would involve the families, state government and sovereign wealth fund that are its biggest shareholders giving up seats on the carmaker’s supervisory board.

這些投資者和專家呼籲開展一次根本性的徹底整改，包括讓持股最多的家族、州政府及主權財富基金放棄其在這家汽車製造商監事會的席位。

Their comments were underscored when US agency Moody’s downgraded VW’s debt rating, following a similar move by Standard & Poor’s last month.

美國評級機構穆迪(Moody's)下調大衆債務評級的舉措證明投資者和專家的上述言論有理。標普(Standard & Poor's)上月採取了類似舉措。

Moody’s cited the risk to VW’s earnings from the latest revelations of issues with the carbon dioxide emissions of 800,000 cars and allegations from US regulators this week that cheating over nitrogen oxide emissions in 11m diesel-powered vehicles extended to some luxury cars, including a Porsche model.

穆迪提到了多種因素對大衆盈利的風險，其中包括最新披露的80萬輛汽車的二氧化碳排放問題，以及美國監管機構本週發出的指控。這些指控稱，1100萬輛柴油發動機汽車氮氧化物排放量作弊的情況波及一些豪華車型，包括一款保時捷(Porsche)車型。

“These new claims... Moody’s concerns about Volkswagen’s internal control and governance issues,” said Yasmina Serghini-Douvin, Moody’s lead analyst for Volkswagen.

穆迪覆蓋大衆的首席分析師亞斯米納帠爾基尼-杜萬(Yasmina Serghini-Douvin)表示：“這些新的說法……加重了穆迪對大衆內控機制和治理問題的擔心。”