tv Business - News Deutsche Welle May 4, 2018 1:15pm-1:31pm CEST
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martin for his alleged involvement in the diesel missions kendall prosecutors say have been took on new cheating was happening. we'll have that story for you coming right up in business. lying dormant it's a good thing it's a favorite team sleep all the best goals we've got all the action. is the whole german football share the experience every match in the mundus league on the weekend here w. ten you accidentally shared some great music. try. spending time in the photo.
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how he would get it out. with him cuz allen series. shipped this week on d w. i the. claims another victim and this time it's the top form of e.w. a boss must invent a calling gets indicted by u.s. prosecutors did he really you know bore about emissions trading in his company and he's ready to admit. breaking its power the post office and so finally protect themselves against. this estate of your business as welcome u.s. prosecutors have charged. boss martin venter called for his part in the diesel gates
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gavel they say he conspired to mislead regulators and violate the u.s. clean air act a federal grand jury in michigan indicted visit on as part of a probe into this has plagued the company for nearly three years it couldn't have come at a worse time for folks bogen the announcement that its former c.e.o. martin venter cohen was indicted by u.s. authorities it came soon after the shareholders meeting where its new c.e.o. old spoke about regaining confidence. most volkswagen must become more honest more open more truthful so that we don't make ourselves more vulnerable again. model but is still vulnerable the indictment of ventre core now has many asking whether the carmaker has done enough to investigate its senior executives according to u.s.
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authorities in two thousand and fourteen the former c.e.o. was informed v.w. cars produced lower emissions during tests than they did on roads but it is unlikely event of corn will face charges in u.s. courts germany doesn't extradited citizens to non e.q. countries still the former c.e.o. could be implicated in ongoing diesel gate investigations in his home country german prosecutors are looking into the involvement of view senior management in diesel emissions cheating and there are lawsuits pending from both shareholders and consumers. so what did ventricle and senior management know and what has it all to do with corporate culture v.w. to discuss that with me i'm joined now by he's a lecture on business ethics and the european school for management and technology here berlin welcome to the studio. is known as the details man has got an
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engineering degree in metal physics he was head of the quality control area of the whole v.w. group for ages how likely is that a man like this would not notice there are videos that show how obsessed he was with detail at trade fairs fall to motives and then the big challenge with a locating responsibility to senior executives in an organization is always where they really in a position to detect what was going on in wrongdoing somewhere down in the organization and the development of a diesel engine is a highly complex endeavor it did include multiple brands and even multiple suppliers we know that he did receive a few notes the question is did he really read them and i guess this is a legal question it will boil down but is only part of the question obviously the corporate culture v.w. has been described by insiders as a culture of fear that comprehensible to protect against wrongdoing sort of
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a lower level then next to detecting i think this is the second big thing in locating responsibility to senior executives it's the able to effect a proper ethical honest and transparent in an organization and i think this is. aside from the legal evaluation is certainly where more evaluations can come in and certainly the organization failed in the past to develop a work as spirit that would allow it to speak up in case of wrongdoing early enough if all these big corporations have diversity offices promoted veyron mental issues cultural programs further women's. it's odd all these programs just figleaves. and all this brouhaha about this excuse me business ethics isn't just about money. i think it's cynics from two sides that would argue that business ethics is an oxymoron a contradiction in itself bulls are wrong on the one inside those people that would
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say business is just there to do business with as long as we stay within the legal frame we will be fine but this is obviously wrong as all these scandals show to us the other side says well. i think i mixed it up doesn't matter the second the second school would say it doesn't really go together business and ethics but i think honesty and trust and transparency actually key elements in business without trust and honesty we can all do business talk about trust in. the new c.e.o. of folks have a decent yesterday in front of shareholders that. v.w. must become more open and honest company i mean that's a terrible statement in the first place referring to the past but how can v.w. become that kind of kompany briefly if you can i think two things need to be done on the hot side there needs to be changes in code a code of conduct compliance regulations whistleblower hotlines and i think there have been working on some parts of that but then more importantly and certainly
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a slower process will be to change the culture to get away from conformity pressure to allow speak up in these kind of things that will take significantly longer but it is absolutely essential. thank you very much for this insane q three we're going to nother of our top stories today is the u.s. has sent a top level delegation to china to try and avert an all out trade war between the two biggest economies in the world it's mainly about tariffs of course but washington also hughes's beijing of systematically infringing u.s. companies copyrights pirates not only in china copy clothes watches sunglasses smartphones and other even more complicated machinery and sell the fakes cheaply sometimes very openly on the streets the difference between original and fake is often barely noticeable to the naked eye the colors and the logo look real even the weight is manipulated to give the fake the right feel it's
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a huge problem in spite of sophisticated prevention strategies the most recent survey by a german industry association revealed that almost three quarters of all german machine builders are affected by product and brand piracy the damage to the german economy is estimated to be around seven point three billion euros and that's every year and that's just lost revenue possible damage to a brand image is incalculable china is the worst abuse of new technology is making faking easier all the time thanks to three d. printers humming away in gigantic workshops not just. components going to copy but entire machines but more and more industries are fighting back from the french city of limos for example one of the finest and most expensive in the world appealing. to make a quick buck but now that famous porcelain is being protected. to plate said to be made from famous limos porcelain but only one is real the plate on
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the left the one on the right is a fake it's a problem limoges manufacturers have been grappling with for years world leaders and royalty may dine on the white gold as it's known but the famous brand is up against some clever fraudsters. manufacturers from asia africa and central europe simply use the name limos but many of the fakes are identifiable they write limoges without an s or say paste from emotion only most from china. but this is now all in the past because limo's porcelain is now protected only those who produce here and respect the traditional methods of production are allowed to bear the name probable and worse for we don't have robots limos represents real craftsmanship people who know exactly what they're doing. we're in one of the oldest porcelain factories in the city this powder has been processed
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here since eighteen twenty five porcelain in its original form it can be used as a thick mass for kneading or cast in liquid form. the pieces made a finished by hand polished and dipped into an enamel bath before going into the kiln the result. of porcelain. the special feature of this porcelain is its transparency. and only flawless pieces passed stringent quality control they moaned is the most feared woman in the factory her job is to inspect the pieces and she misses nothing in fact thirty to fifty percent make it the porcelain factories in emotionally came world renowned for a reason and it's no coincidence that the white gold has now been protected making life a little bit harder for counterfeiters. a big vote of confidence
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in the tech giant apple a legendary investor warren buffett has been loading up on apple stock his company box and how the way bought seventy five million apple shares in the first quarter of twenty eight that's more than thirteen billion dollars worth of current prices creasing its stake almost fifty percent buffett called apple an unbelievable company one of the most profitable companies companies in the u.s. buffett has bought more up of stock than any other investor in the past. before you go what would you do if you were in your car and saw piles of banknotes all along the roadside would you give it back to its rightful owner or just keep going would you pour. over and just help yourself commuters in indianapolis in the us face that exact dilemma on wednesday of interstate highway the doors of a brinks truck suddenly flew open propelling hundreds of thousands of dollars into
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the air drivers pulled over eager to grab the cash but state police say all those who pocketed the cash will be found and charged with. just recapping our top story u.s. prosecutors have. more on that course. and the business team here and. in the next hour before you go here is a real time check on global markets at this hour thank you very much for watching.
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more intrigued by the international talk show for journalists to discuss the topic of the week chris freedom day quadriga is taking a look at broken hostility toward journalists in the age of social media does a free press release other journalists under fire. that's our topic took. in sixty minutes on w. w's program guide. highlights. dot com highlights. a blessing. and a curse. for suppose nature and inescapable st. monsoon the tropical forest chief among. there's a song to succumb to. the source of life. comes
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