ELICITING MILLENNIAL PERSPECTIVES ON ETHICS, INDIVIDUAL MORALS, AND SUSTAINABLE DEVELOPMENT IN THE AUTO INDUSTRY
Abstract
Integration of moral values with ethics for sustainable development in the auto industry research analysis on 5 auto industry related incidents; GM faulty ignition left 100 dead and paid $2 billion in civil settlements and fines; and Toyota recall of the unintended acceleration caused 89 deaths United States and costed over $1.2 billion to address the economic loss. The 1978 recall of the 14.5 million Firestone and 2000 Ford Explorers highway rollovers equipped with firestone tires killed 271 people; Takata defective airbags by Japanese Auto makers agreed to pay $1 billion in penalties and fines in recall of 70 million airbags in 42 million vehicles with 11 deaths and 150 injuries and 100 million worldwide recalls; and Volkswagen emission deceptions in violation of Clean Air Act and with payment of $4.3 billion in criminal and civil penalties with overall settlement of $22 billion in fines and settlement in United States for 600, 000 vehicles. What are the perspectives on ethics and sustainability in the auto industry by millennials who are projected dominate the workforce Auto Industry by 2020? The research findings detailed the agreement of participants that Volkswagen cheating software; Firestone treads peeling off; Takata airbag explosions; and Toyota sticky gas pedals were all unethical actions; the strategies shared by participants included selection of individuals with moral thus improving company culture.
JEL: L62, Q52, Q53, D23, D83, F63 M12, M14, K32, O13, Q54, Q56
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DOI: http://dx.doi.org/10.46827/ejefr.v0i0.220
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