Business ethics: The spare wheel in the auto industry?

The Volkswagen scandal is only the latest in a long line of auto failures, according to Esmé van Herwijnen, SRI analyst at EdenTree Investment Management

Investors have had to endure a litany of corporate scandals in recent years across a wide variety of industries from banking, healthcare, energy, utilities, technology and most recently, autos. The Volkswagen scandal is another painful reminder for investors of the widespread breakdown in business ethics and probity. Indeed, Volkswagen's controversy is merely one of many breaches in the auto sector with record fines for unethical behaviour. The new BP? Volkswagen 'shocker' rocks autos but managers avoid knee-jerk reaction Millions of vehicles from global brands have been recalled i...