Seeds of the Volkswagen scandal
September 29, 2015
Pressure to make money and capture more of the US market may have brought company to diesel dupe
Regulators, lawmakers and prosecutors must do a better job of policing automakers. No matter what side of the political spectrum you call home, no one wants corporations ripping off consumers or putting their lives at risk. The National Highway Traffic Safety Administration and the Environmental Protection Agency must be held to account by Congress when their oversight is lacking. And Congress must be held responsible by voters for not giving regulators the funds they need to do their jobs properly. German prosecutors have opened an investigation against former VW CEO Martin Winterkorn. His push to be No. 1 clearly backfired. The current scandal is a huge blow for a company that had come to symbolize the strength of the German industrial machine. Ali Velshi explains.