Volkswagen Cc 2015

0DQXDOGHLQVWUXo}HV &&9RONVZDJHQ&& (GLomR 6LJQLILFDGRGRVVtPERORV ¤ ,GHQWLILFDXPDUHIHUrQFLDDXPWUHFKRGR WH[WRFRPLQIRUPDo}HVLPSRUWDQWHVHRUL HQWDo}HVGHVHJXUDQoDžGHQWURGHXP FDStWXOR(VVDUHIHUrQFLDGHYHVHUVHPSUH REVHUYDGD b (VWDVHWDLQGLFDTXHRWUHFKRGRWH[WR FRQWLQXDQDSiJLQDVHJXLQWH ‹ (VWDVHWDLQGLFDRILPGHXPWUHFKRGR WH[WR › 2VtPERORLGHQWLILFDVLWXDo}HVQDVTXDLVR YHtFXORGHYHVHUSDUDGRRPDLVUiSLGR SRVVtYHO Š 2VtPERORLGHQWLILFDXPDPDUFDUHJLVWUD GD$IDOWDGHVVHVtPERORQmRJDUDQWH TXHRVWHUPRVSRVVDPVHUXVDGRVOLYUH PHQWH ҧϜ 6tPERORVGHVWHWLSRID]HPUHIHUrQFLDD DOHUWDVGHQWURGRPHVPRWUHFKRGRWH[WR RXGDSiJLQDLQGLFDGDSDUDLQGLFDUSRVVt YHLVULVFRVGHDFLGHQWHHGHIHULPHQWRVH FRPRHOHVSRGHPVHUHYLWDGRV ҧϜ ҧϜ ҧϜ 5HIHUrQFLDFUX]DGDDXPSRVVtYHOGDQR PDWHULDOGHQWURGRPHVPRWUHFKRGRWH[WR RXGDSiJLQDLQGLFDGD 3(5,*2 7H[WRVFRPHVWHVtPERORLQGLFDPVLWXDo}HV H[WUHPDPHQWHSHULJRVDVTXHSRGHPFDXVDU DPRUWHRXIHULPHQWRVJUDYHVQRFDVRGH LQREVHUYkQFLD $'9(57Ç1&,$ 7H[WRVFRPHVWHVtPERORLQGLFDPVLWXDo}HV SHULJRVDVTXHSRGHPFDXVDUDPRUWHRXIHUL PHQWRVJUDYHVQRFDVRGHLQREVHUYkQFLD &8,'$'2 7H[WRVFRPHVWHVtPERORLQGLFDPVLWXDo}HV SHULJRVDVTXHSRGHPFDXVDUIHULPHQWRVOH YHVRXJUDYHVQRFDVRGHLQREVHUYkQFLD 127$ 7H[WRVFRPHVWHVtPERORLQGLFDPVLWXDo}HVSH ULJRVDVTXHSRGHPFDXVDUGDQRVDRYHtFXOR QRFDVRGHLQREVHUYkQFLD 7H[WRVFRPHVWHVtPERORFRQWrPRULHQWDo}HV SDUDDSURWHomRGRPHLRDPELHQWH 7H[WRVFRPHVWHVtPERORFRQWrPLQIRUPD o}HVDGLFLRQDLV 0XLWRREULJDGRSRUVXDFRQILDQoD &RPHVWH9RONVZDJHQYRFrHVWiUHFHEHQGRXPYHtFXORFRPDPDLVPRGHUQDWHFQRORJLDHGLYHUVRVHTXL SDPHQWRVGHFRQIRUWRTXHYRFrFHUWDPHQWHGHVHMDUiXVDUHPVXDVYLDJHQVGLiULDV $QWHVGDSULPHLUDXWLOL]DomROHUHREVHUYDUDVLQIRUPDo}HVFRQWLGDVQHVWH0DQXDOGHLQVWUXo}HV SDUDTXHYRFrFRQKHoDGHIRUPDUiSLGDHDEUDQJHQWHRYHtFXOREHPFRPRSDUDSRGHUUHFRQKHFHU HHYLWDUSRVVtYHLVSHULJRVSDUDVLHSDUDWHUFHLURV &DVRYRFrWHQKDPDLVSHUJXQWDVVREUHRVHXYHtFXORRXDFUHGLWHTXHDOLWHUDWXUDGHERUGRQmRHVWHMD FRPSOHWDHQWUHHPFRQWDWRFRPDVXD&RQFHVVLRQiULD9RONVZDJHQ$V&RQFHVVLRQiULDV9RONVZDJHQ VHPSUHHVWmRDEHUWDVDG~YLGDVVXJHVW}HVHFUtWLFDV 1yVOKHGHVHMDPRVPXLWDVDOHJULDVFRPRVHXYHtFXORHXPDERDYLDJHPVHPSUH 9RONVZDJHQ$* 3(5,*2 2EVHUYDUDVLQGLFDo}HVLPSRUWDQWHVGHVHJX UDQoDUHODWLYDVDRDLUEDJIURQWDOGRSDVVDJHL URGLDQWHLURҧϜ3iJLQD,QIRUPDomREiVLFD SDUDDLQVWDODomRHXWLOL]DomRGHFDGHLUDVGH FULDQoDV ‹ 0XLWRREULJDGRSRUVXDFRQILDQoD  53&& lg53&&m 53&& ËQGLFH 6REUHHVWH0DQXDOGH LQVWUXo}HV   9LVWDJHUDOGRYHtFXOR   9LVWDVH[WHUQDV ± 9LVWDODWHUDO  ± 9LVWDIURQWDO   ± 9LVWDWUDVHLUD   ,QWHULRUGRYHtFXOR ± 9LVWDJHUDOGDSRUWDGRFRQGXWRU   ± 9LVWDJHUDOGRODGRGRFRQGXWRU   ± 9LVWDJHUDOGRFRQVROHFHQWUDO   ± 9LVWDJHUDOGRODGRGRSDVVDJHLUR GLDQWHLUR   ± 9LVWDJHUDOGRVVtPERORVQR UHYHVWLPHQWRGRWHWR  ,QVWUXPHQWRFRPELQDGR ± /X]HVGHDGYHUWrQFLDHGHFRQWUROH   ± ,QVWUXPHQWRV   ± 6LVWHPDGHLQIRUPDo}HV9RONVZDJHQ  $QWHVGDFRQGXomR   $QWHVGHSDUWLU ± 2ULHQWDo}HVSDUDFRQGXomR   ± 'DGRVWpFQLFRV   $EULUHIHFKDU ± -RJRGHFKDYHVGRYHtFXOR   ± 7UDYDPHQWRFHQWUDOHVLVWHPDGH WUDYDPHQWR   ± 3RUWDV   ± 7DPSDGRFRPSDUWLPHQWRGHEDJDJHP   ± 9LGURVHOpWULFRV   ± 7HWRVRODUSDQRUkPLFR   ± &RPDQGRGHDEHUWXUDGHSRUWmRGH JDUDJHP   6HQWDUGHIRUPDFRUUHWDHVHJXUD ± $MXVWDUDSRVLomRGREDQFR  ± )XQo}HVGREDQFR   ± &LQWRVGHVHJXUDQoD   ± 6LVWHPDGHDLUEDJ  ± &DGHLUDVGHFULDQoD   ,OXPLQDomRHYLVLELOLGDGH ± ,OXPLQDomR   ± 3URWHomRVRODU   ± /LPSDGRUHVHODYDGRUHVGRVYLGURV   ± (VSHOKRVUHWURYLVRUHV  7UDQVSRUWDU ± 2ULHQWDo}HVSDUDFRQGXomR   ± &RPSDUWLPHQWRGHEDJDJHP   ± %DJDJHLURGRWHWR   ± &RQGXomRFRPUHERTXH   (TXLSDPHQWRVSUiWLFRV ± 3RUWDREMHWRV   ± 3RUWDFRSRV   ± &LQ]HLURHDFHQGHGRUGHFLJDUUR   ± 7RPDGDV   'XUDQWHDFRQGXomR   'DUSDUWLGDWURFDUDPDUFKDHVWDFLRQDU ± /LJDUHGHVOLJDURPRWRU  ± 7URFDUPDUFKDV   ± )UHDUSDUDUHHVWDFLRQDU   ± &RQGX]LUFRPFRQVFLrQFLDHFROyJLFD   ± 'LUHomR   6LVWHPDVGHDVVLVWrQFLDDRFRQGXWRU ± 6LVWHPDVGHDVVLVWrQFLDGHDUUDQTXH  ± 3DUN3LORW  ± &kPHUDGHPDUFKDDUp5HDU9LHZ   ± $VVLVWHQWHGHGLUHomRSDUD HVWDFLRQDPHQWR3DUN$VVLVW  ± 6LVWHPDUHJXODGRUGHYHORFLGDGH*5$  ± &RQWUROHDXWRPiWLFRGHGLVWkQFLD$&&  ± $VVLVWHQWHGHSHUPDQrQFLDQDIDL[D /DQH$VVLVW   ± $VVLVWHQWHGHPXGDQoDGHIDL[D6LGH $VVLVW   ± 6LVWHPDGHUHFRQKHFLPHQWRGD VLQDOL]DomRGHWUkQVLWR6LJQ$VVLVW   ± 6LVWHPDGHUHFRQKHFLPHQWRGHFDQVDoR UHFRPHQGDomRGHLQWHUYDOR   ± 5HJXODJHPGLQkPLFDGDVXVSHQVmR '&&   ± 6LVWHPDVGHFRQWUROHGRVSQHXV   ËQGLFH  &OLPD ± $TXHFHUYHQWLODUUHVIULDU  ± $TXHFLPHQWRHVWDFLRQiULRDTXHFLPHQWR DGLFLRQDO  1RSRVWRGHFRPEXVWtYHO ± $EDVWHFLPHQWR  ± &RPEXVWtYHO   ± 5HGXomRFDWDOtWLFDVHOHWLYD$G%OXHŠ   &RQVHUYDomROLPSH]D PDQXWHQomR   1RFRPSDUWLPHQWRGRPRWRU ± 3UHSDUDo}HVSDUDWUDEDOKRVQR FRPSDUWLPHQWRGRPRWRU   ± ÏOHRGRPRWRU   ± /tTXLGRGHDUUHIHFLPHQWRGRPRWRU   ± %DWHULDGRYHtFXOR   &RQVHUYDomRHPDQXWHQomRGRYHtFXOR ± &RQVHUYDUHOLPSDUDSDUWHH[WHUQDGR YHtFXOR   ± &RQVHUYDUHOLPSDURLQWHULRUGRYHtFXOR  ± 5RGDVHSQHXV   ± $FHVVyULRUHSRVLomRGHSHoDVUHSDURV HPRGLILFDo}HV  ± 6HUYLoRVRQOLQHPyYHLV  ± ,QIRUPDo}HVDRFRQVXPLGRU   ± 8QLGDGHGHFRQWUROHGRPRWRUHVLVWHPD GHSXULILFDomRGRJiVGHHVFDSH  $XWRDMXGD   2ULHQWDo}HVSUiWLFDV ± 3HUJXQWDVHUHVSRVWDV  ± (PFDVRGHHPHUJrQFLD   ± )HFKDPHQWRRXDEHUWXUDGHHPHUJrQFLD  ± )HUUDPHQWDVGHERUGR   ± &DORWDV   ± 7URFDGHURGD  ± .LWGHUHSDURGRVSQHXV   ± )XVtYHLV  ± 7URFDGHOkPSDGDLQFDQGHVFHQWH   ± $X[tOLRjSDUWLGD  ± 3X[DUHUHERFDU  $EUHYLDWXUDVXWLOL]DGDV   ËQGLFHUHPLVVLYR   ËQGLFH  53&& 6REUHHVWH0DQXDOGHLQVWUXo}HV Ɣ (VWH0DQXDOGHLQVWUXo}HVpYiOLGRSDUDWRGRV RVPRGHORVHYHUV}HVGR&&9RONVZDJHQ&& Ɣ 9RFrHQFRQWUDXPtQGLFHUHPLVVLYRHPRUGHP DOIDEpWLFDQRILQDOGRPDQXDO Ɣ 8PtQGLFHGHDEUHYLDWXUDVDRILQDOGRPDQXDO HVFODUHFHDEUHYLDWXUDVHGHQRPLQDo}HVWpFQLFDV Ɣ ,QGLFDo}HVGHGLUHomRFRPRHVTXHUGDGLUHLWD GLDQWHLURHWUDVHLURWrPFRPRUHIHUrQFLDYLDGHUH JUDDGLUHomRGHFRQGXomRGRYHtFXORVDOYRLQGL FDomRHPFRQWUiULR Ɣ $VILJXUDVVHUYHPFRPRRULHQWDomRHGHYHP VHUHQWHQGLGDVFRPRUHSUHVHQWDo}HVHVTXHPiWL FDV Ɣ (VWH0DQXDOGHLQVWUXo}HVIRLGHVHQYROYLGRSD UDYHtFXORVFRPGLUHomRjHVTXHUGD1RFDVRGH YHtFXORVFRPGLUHomRjGLUHLWDRVFRPDQGRVHVWmR RUGHQDGRVSDUFLDOPHQWHGHIRUPDGLIHUHQWHGDUH SUHVHQWDGDQDVILJXUDVRXGHVFULWDQRWH[WR ҧϜ3iJLQD Ɣ 0RGLILFDo}HVWpFQLFDVQRYHtFXORVXUJLGDVDSyV RIHFKDPHQWRGDUHGDomRGHVWHPDQXDOHQFRQ WUDPVHHPXP6XSOHPHQWRDQH[RjOLWHUDWXUDGH ERUGR 7RGDVDVYHUV}HVHPRGHORVHVWmRGHVFULWRVVHP TXHVHMDPLGHQWLILFDGRVFRPRHTXLSDPHQWRVHVSH FLDLVRXYDULDQWHVGHPRGHOR'HVWDIRUPDSRGHP HVWDUGHVFULWRVHTXLSDPHQWRVTXHRVHXYHtFXOR QmRSRVVXDRXTXHHVWHMDPGLVSRQtYHLVDSHQDV HPDOJXQVPHUFDGRV9RFrREWpPRVHTXLSDPHQ WRVGHVHXYHtFXORQDGRFXPHQWDomRGHYHQGD 3DUDPDLVLQIRUPDo}HVGLULJLUVHDVXD&RQFHVVLR QiULD9RONVZDJHQ 7RGDVDVLQGLFDo}HVGHVWH0DQXDOGHLQVWUXo}HV VmRUHODWLYDVjVLQIRUPDo}HVGLVSRQtYHLVQDGDWD GHIHFKDPHQWRGDUHGDomR'HYLGRDRGHVHQYROYL PHQWRFRQWtQXRGRYHtFXORpSRVVtYHOTXHH[LVWDP GLYHUJrQFLDVHQWUHRYHtFXORHDVLQGLFDo}HVGHVWH PDQXDOGDLQVWUXo}HV1HQKXPDH[LJrQFLDSRGH VHUUHLYLQGLFDGDGDVLQGLFDo}HVILJXUDVRXGHVFUL o}HVGLIHUHQWHVGHVWHPDQXDO $RYHQGHURXHPSUHVWDURYHtFXORFHUWLILFDUVHGH TXHWRGDDOLWHUDWXUDGHERUGRVHHQFRQWUHQRYHt FXOR &RPSRQHQWHVIL[RVGDOLWHUDWXUDGH ERUGR Ɣ 0DQXWHQomRHJDUDQWLD Ɣ 0DQXDOGHLQVWUXo}HV &RPSRQHQWHVDGLFLRQDLVGDOLWHUDWXUD GHERUGRRSFLRQDLV Ɣ 6XSOHPHQWR Ɣ 5iGLRH6LVWHPDGHQDYHJDomR Ɣ 3UHSDUDomRSDUDWHOHIRQHPyYHO Ɣ 2XWURVDQH[RV ‹ 6REUHHVWH0DQXDOGHLQVWUXo}HV  6REUHHVWH0DQXDOGHLQVWUXo}HV  53&& 9LVWDJHUDOGRYHtFXOR 9LVWDVH[WHUQDV 9LVWDODWHUDO )LJ 9LVWDJHUDOGRODGRGLUHLWRGRYHtFXOR$VSRVLo}HV      H  HVWmRQRPHVPROXJDUQRODGR HVTXHUGRGRYHtFXOR /HJHQGDSDUD)LJ 3RUWLQKRODGRWDQTXH   $QWHQDGRWHWR   0DoDQHWDH[WHUQDGDSRUWD   (VSHOKRVUHWURYLVRUHVH[WHUQRV   ± ,QGLFDGRUGRDVVLVWHQWHGHPXGDQoDGHIDL[D6LGH$VVLVW   ± /DQWHUQDDGLFLRQDOGRVLQGLFDGRUHVGHGLUHomR   ± ,OXPLQDomRSHULIpULFD   6HQVRUHVGR3DUN3LORWRXGRDVVLVWHQWHGHGLUHomRSDUDHVWDFLRQDPHQWR3DUN$VVLVW   3RQWRVGHDSRLRGRPDFDFR   ‹       9LVWDJHUDOGRYHtFXOR  9LVWDIURQWDO )LJ 9LVWDJHUDOGDSDUWHIURQWDOGRYHtFXOR /HJHQGDSDUD)LJ 3DUDEULVD ± 'HVHPEDoDGRUGRSDUDEULVD  /LPSDGRUHVGRSDUDEULVD   7DPSDGRFRPSDUWLPHQWRGRPRWRU   $ODYDQFDGHGHVWUDYDPHQWRGDWDPSDGRFRPSDUWLPHQWRGRPRWRU   )DUROGLDQWHLUR  /DYDGRUHVGRIDURO   /kPSDGDVLQFDQGHVFHQWHVQRSDUDFKRTXHGLDQWHLURGH ± )DUROGHQHEOLQD   ± )DUROGHFRQYHUVmR   6HQVRUHVGLDQWHLURVGR3DUN3LORWRXGRDVVLVWHQWHGHGLUHomRSDUDHVWDFLRQDPHQWR3DUN $VVLVW   6HQVRUGRUDGDUDWUiVGRORJR9RONVZDJHQ  6XSRUWHGDSODFDGHOLFHQoDGLDQWHLUD $ORMDPHQWRGDDUJRODGHUHERTXHGLDQWHLUDDWUiVGHXPDFREHUWXUD   6HQVRURXYLVRUGDFkPHUDQDEDVHGRHVSHOKRSDUD ± /LPSDGRUHVGRSDUDEULVD  ± &RQWUROHDXWRPiWLFRGDOX]GHFRQGXomR   ± 5HJXODJHPGRIDURODOWR   ± $VVLVWHQWHGHSHUPDQrQFLDQDIDL[D   ± 6LVWHPDGHUHFRQKHFLPHQWRGDVLQDOL]DomRGHWUkQVLWR   ‹             9LVWDVH[WHUQDV  53&& 9LVWDWUDVHLUD )LJ 9LVWDJHUDOGDSDUWHWUDVHLUDGRYHtFXOR /HJHQGDSDUD)LJ $QWHQDGRWHWR   /DQWHUQDGHIUHLRHOHYDGD 9LGURWUDVHLUR ± 'HVHPEDoDGRUGRYLGURWUDVHLUR   ± $QWHQDGRYLGUR   /DQWHUQDVWUDVHLUDV   /RJR9RONVZDJHQGHDEHUWXUDGRFRPSDUWLPHQWRGHEDJDJHPHiUHDGDFkPHUDGHPDUFKD DUp5HDU9LHZ   6HQVRUHVGRUDGDUGRDVVLVWHQWHGHPXGDQoDGHIDL[DDWUiVGRSDUDFKRTXH   $ORMDPHQWRGDDUJRODGHUHERTXHWUDVHLUDDWUiVGHXPDFREHUWXUD   6HQVRUHVWUDVHLURVGR3DUN3LORWRXGRDVVLVWHQWHGHGLUHomRSDUDHVWDFLRQDPHQWR  ÈUHDGRGLVSRVLWLYRGHUHERTXH   6XSRUWHGDSODFDGHOLFHQoDWUDVHLUD 7DPSDGRFRPSDUWLPHQWRGHEDJDJHP   ‹            9LVWDJHUDOGRYHtFXOR  ,QWHULRUGRYHtFXOR 9LVWDJHUDOGDSRUWDGRFRQGXWRU )LJ 9LVWDJHUDOGRVFRPDQGRVQDSRUWDGRFRQGXWRUYHtFXORVFRPGLUHomRjHVTXHUGD(PYHtFXORV FRPGLUHomRjGLUHLWDDGLVSRVLomRGRVHOHPHQWRVpHVSHOKDGD /HJHQGDSDUD)LJ 0DoDQHWDGDSRUWD   %RWmRGRWUDYDPHQWRFHQWUDOSDUDWUDYDPHQWRHGHVWUDYDPHQWRGRYHtFXOR‰‘   /X]GHFRQWUROHGRERWmRGRWUDYDPHQWRFHQWUDO   %RWmRGHGHVWUDYDPHQWRGDSRUWLQKRODGRWDQTXH   $ODYDQFDGHGHVWUDYDPHQWRGDWDPSDGRFRPSDUWLPHQWRGRPRWRU   ,QWHUUXSWRUDFLRQDGRSHODFKDYHGHWUDYDPHQWRGRFRPSDUWLPHQWRGHEDJDJHP %RWmRGHDEHUWXUDGDWDPSDGRFRPSDUWLPHQWRGHEDJDJHPq   %RWmRGHDMXVWHGRVHVSHOKRVUHWURYLVRUHVH[WHUQRV   ± $MXVWHGRVHVSHOKRVUHWURYLVRUHVH[WHUQRV,‰‰2 ± 'HVHPEDoDGRUGRVHVSHOKRVUHWURYLVRUHVH[WHUQRV? ± 5HEDWHURVHVSHOKRVUHWURYLVRUHVH[WHUQRVSDUDGHQWUR# 3RUWDREMHWRV   %RW}HVGHFRPDQGRGRVYLGURVHOpWULFRV  ± 9LGURVHOpWULFRV ± %RWmRGHVHJXUDQoDGRVYLGURVHOpWULFRVWUDVHLURV_ /DQWHUQDGDSRUWDRXUHIOHWRU ‹            ,QWHULRUGRYHtFXOR  53&&