5 years in, damages from the VW emissions cheating scandal are still rolling in

Five years in, the Volkswagen emissions-cheating scandal is looking like one of the costliest business scandals ever. Another former top Volkswagen executive went on trial recently, just over five years after the scandal broke—and it’s still nowhere near over.

For anyone who doubts the destructive power of poor leadership and a diseased corporate culture, the VW saga is a sobering lesson. Leadership and culture aren’t “soft” factors. In this case, they represent lives ruined and hard-won billions of dollars lost.

If you’ve forgotten the details, Volkswagen admitted in September 2015 that it had installed “defeat devices” in millions of its diesel-powered cars.

Anexo plc (LON:ANX) is a specialist integrated credit hire and legal services group focused on providing replacement vehicles to consumers who have been involved in a non-fault accident.

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