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


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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