A recall of 11 million cars throughout the world has been put in place after the German carmaker Volkswagen was found cheating its cars on emission tests.  Volkswagen is a large part of the German economy, and thus, the economy took a large hit when this scandal took place.  The car company is believed to recover from this crisis however, many people losing their jobs and the corporation taking a massive hit was not a gamble the company should have made.

The CEO of Volkswagen attending a news conference

Although profits would increase from this scandal if carried out successfully, 750,000 work for Volkswagen and the number is predicted to drop drastically, as individuals in high positions within the corporation are being arrested and quitting their jobs where they stand.  The absolute disregard for business ethics, leading to a failure within the system, as information was kept secretive, led to the inevitable crumble of the company.  The scandal affected not only the company, but those invested in the German economy as a large part of the economy was hurt as Volkswagen was one of the biggest car companies within it.  A risk that is negligent of ethics in business, as well as significantly opposed the operations already intact within a company will lead to its eventual failure.

Some of the many cars that are to be recalled 

References
http://www.bbc.com/news/business-34324772http://www.cbc.ca/news/business/volkswagen-eu-martin-schulz-german-economy-1.3256024