- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
A significant source of funding or loan guarantees for VW may have become impaired, making the emissions-testing scandal and the attendant penalty phase potentially even more damaging for the automaker.
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Shareholders seeking damages worth €9.2 billion (U.S. $10.6 billion) have taken German car giant Volkswagen to court in Germany for failing to inform them fully of the financial impact that the emissions cheating scandal would have on the company’s share price.
At Compliance Week 2018 on Tuesday, Hiltrud Werner, head of integrity and legal affairs at Volkswagen Group, spoke of how VW is recovering from a recent scandal and trying to emerge a stronger, better company from lessons learned.
Purported “testimonial and review” service Rytr agreed to stop selling its program that used artificial intelligence to create fake content as part of a consent order with the Federal Trade Commission.
