What the Volkswagen Scandal Teaches About the Value of Compliance Management

Oct 29, 2015 10:19:22 AM / by Synergis Software posted in compliance scandal, Engineering document management, Trends, compliance, EDM, audit trail, Volkswagen, manufacturing, Technologies

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For years industry analysts and software developers have affirmed the value of tracking compliance as a product design data element, but there is nothing like a big international scandal to change the discussion. Volkswagen was recently caught cheating on emissions tests on diesel engines sold in the US, and has set aside €6.5 billion ($7.3 billion) to deal with the aftermath. International bank Credit Suisse thinks the damage will more likely cost VW €78 billion ($87 billion) over time, in the indirect form of lost sales from its damaged reputation as well as the direct form of fines, legal fees, and possible sales bans.

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