Company Compass’ Post

Volkswagen's emission scandal is a clear example of the damage caused by deflecting blame. Learn why accountability is crucial for the success of your organization: https://lnkd.in/gH-vQZKk #integrityfirst #ethicalleadership 💪🚫

Dieselgate - The Volkswagen Emissions Scandal The Volkswagen emissions scandal of 2015 shook the automotive industry, revealing a systematic attempt to sidestep emissions regulations. Here's a closer look at its key aspects: 1. Motivation: Volkswagen installed defeat devices to meet emissions standards while marketing their diesel cars as "clean diesel" vehicles. 2. Detection: Researchers found significant disparities between lab tests and real-world emissions, exposing the scandal. 3. Impact: Volkswagen faced lawsuits, investigations, and settlements worldwide, resulting in billions of dollars in fines and damaged reputation. 4. Executive Accountability: CEO Martin Winterkorn and other executives faced scrutiny, leading to Winterkorn's resignation. 5. Regulatory Response: Tighter emissions testing and oversight ensued, emphasizing transparency and accountability. This scandal underscored the importance of honesty and integrity in business. Volkswagen's tarnished reputation hindered financial recovery, highlighting the link between trust and profitability. It also prompted calls for better corporate governance. In essence, the Dieselgate scandal serves as a reminder of the lasting impact of ethical lapses on industry integrity. Let's remember: honesty is the best policy, not just for Volkswagen, but for all businesses. It's the key to building trust and securing long-term success. #VolkswagenScandal #EthicalBusiness #FinancialLessons #ReputationManagement #LinkedInforcreators #Linkedincreator

Rainmaker Founder & CEO, Antony Alex , takes you through the shocking Volkswagen Emissions Scandal of 2015. Discover how a giant in the auto industry cheated emissions tests, the immense fallout, and the lessons on ethical business practices. Watch now to learn why a strong culture of compliance is crucial, and don't forget to share your thoughts and experiences in the comments below. #VolkswagenScandal #EmissionsFraud #CorporateEthics #ComplianceCulture #BusinessIntegrity #AntonyAlex #RainmakerInsights #AutoIndustry #2015Scandal #EthicalBusiness #CorporateResponsibility #ComplianceMatters

Last week was National Name Your Car Day, and let’s be honest—at some point, you’ve probably given your favorite car a name. From car collectors to daily commutes, automobiles are deeply woven into our lives and culture. The automotive industry also plays a vital role in supporting hundreds of local economies across the country. At Cascade Partners, we understand the challenges this industry can face. Explore how our team helped a distressed automotive plastics supplier overcome uncontrollable circumstances, emerging stronger, more agile, and positioned for future success. Read the full case study here https://lnkd.in/e_jC7cEQ

Life in the fast lane: Volkswagen's GC Rustam Juma on the future of automotive. Juma speaks about VW's legal challenges, the electrification shift, ESG and sustainability. https://hubs.la/Q02J4tD_0

In 2015, Volkswagen (VW) faced a massive scandal. They had cheated on emissions tests. The executives admitted to the cheating and faced the consequences. Here is what we can learn from this example on the importance of accountability. ✅ 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗕𝘂𝗶𝗹𝗱𝘀 𝗧𝗿𝘂𝘀𝘁: VW's deceit eroded public trust. By being transparent and accountable, companies can maintain customer loyalty and credibility. ✅ 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗗𝗿𝗶𝘃𝗲𝘀 𝗜𝗻𝘁𝗲𝗴𝗿𝗶𝘁𝘆: A culture of accountability helps prevent unethical behavior. Foster an environment where employees feel responsible for their actions. ✅ 𝗟𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗩𝗶𝘀𝗶𝗼𝗻: Avoiding responsibility can be very costly. VW's cheating led to huge fines and a damaged reputation. Shortcuts may offer quick gains, but accountability ensures sustainable success. ✅ 𝗟𝗲𝗮𝗿𝗻𝗶𝗻𝗴 𝗮𝗻𝗱 𝗚𝗿𝗼𝘄𝘁𝗵: VW has since taken steps to regain trust by investing in cleaner technology and transparency.  Accountability can drive positive change and innovation. “Mistakes are always forgivable, if one has the courage to admit them.” - Bruce Lee https://lnkd.in/dqkx6xVM #mka #accountability #leadership Mark Kamin Cookie Boudreaux Marcea Wolf-Carter May Wang Peter McRae Susan Topping Gauthier Toni Kendall Christina Hutchinson Kenda-Le Pernin Marcus Cracknell Michele Clay Ron Weinreich Vanessa Ayala Medina Carla Everett Kate Sneeuwjagt Lisa Petrocchi-Merriman, M.A. 

U.S. automakers exported 155,337 vehicles worth $6.3 billon to China in 2021, according to the most recent U.S. government data. China sent just 64,067 vehicles to the United States in the same year, worth $1.45 billion. Most of the vehicles imported from China were sold under U.S. brands, led by General Motors' Buick division. At present, four vehicle lines sold in the United States are made in China, according to government data: Ford Motor Company's Lincoln Nautilus SUV, the Buick Envision SUV, the Polestar 2 and Volvo's S90 sedans. Polestar and Volvo are affiliates of Chinese automaker GEELY. Chinese retaliatory tariffs that targeted U.S. vehicles could hurt workers at the BMW Group factory in Spartanburg, South Carolina, which sends about 25,000 vehicles to China per year, or the Mercedes-Benz AG SUV plant in Alabama that builds electric SUVs sold in the world's largest market. A clean-technology trade war between the United States and China could also drive up the costs of EVs, batteries and other EV hardware, keeping overall EV prices high, industry executives and some analysts said. EVs wearing U.S. brands, such as the Mustang Mach-E or Tesla Model 3, have 30% to 51% Chinese content, according to U.S. Department of Transportation data. https://lnkd.in/edvZDyTg

Uncover the shocking secrets behind Volkswagen's emissions scandal in this eye-opening video. Explore the impact on the auto industry and corporate corruption. https://lnkd.in/grF8HbXZ

Uncover the shocking secrets behind Volkswagen's emissions scandal in this eye-opening video. Explore the impact on the auto industry and corporate corruption. https://lnkd.in/gXrpGNG7

Agree @Frank Jemley - The automotive industry is undergoing a profound transformation, with the rise of electric vehicles (EVs), autonomous driving, and sustainability initiatives. For Kentucky to stay competitive, it needs to embrace and support this shift through policies that foster innovation, EV infrastructure, and a skilled workforce adept in advanced manufacturing and tech integration. Supply Chain Implications: Kentucky plays a vital role in the broader U.S. and global automotive supply chain. Given the current challenges in global supply chains, especially in the wake of the COVID-19 pandemic, disruptions, or inefficiencies in Kentucky could ripple across the entire industry. Getting it right means ensuring a stable, resilient supply chain and adapting to shifting global demands. Job Creation and Skilled Workforce: The future of the automotive industry requires a highly skilled workforce, particularly with new manufacturing techniques, EV production, and sustainability efforts. Kentucky needs to prioritize education, training, and partnerships with local institutions to ensure that its workforce is prepared to meet these evolving demands. Sustainability and Investment: Investors and companies increasingly prioritize regions that are committed to sustainable practices. Kentucky’s success in attracting future investment will depend on how well it aligns with the automotive industry's green initiatives, such as electric vehicle production, renewable energy usage, and reduced carbon emissions. Congratulations on launching your Automotive segment and facilitating critical discussion that drive collaboration - well done Kentucky Association of Manufacturers