Many companies adopt compliance controls to ensure they abide by relevant rules and regulations. But the VW emissions scandal demonstrates they don't always help. Is regulatory compliance in Germany fighting a losing battle?
A new report appears to show that VW car maker's former CEO Martin Winterkorn was presented with evidence of exhaust gas emission manipulation on 27 July 2015. If true, it would be two months before the scandal broke.
A Detroit judge has ruled against releasing Volkswagen AG manager Oliver Schmidt, who is awaiting trial over the VW emissions scandal in the US. The German national represented a "serious" flight risk, the judge said.
Car makers are throwing themselves a party in Detroit. All except Volkswagen, which is scrambling to salvage its reputation. For DW's Ines Pohl, it's hard to imagine that the company's apologies will be sufficient.
Much has been said about how the VW emissions scandal may affect the “Made in Germany” label. Now Brand Finance, an asset valuation consultancy, has put a number on the damage to Germany’s brand as a country.
© 2017 Deutsche Welle |
Legal notice |
| Mobile version