Sep 30, 2019

Huge Volkswagen lawsuit begins in Germany

Germany's first mass lawsuit begins as 450,000 owners of diesel Volkswagen cars take on the company. They argue they are owed compensation for being sold cars based on misleading emissions data. The scandal has already cost VW €30bn. It has faced class action claims in the US and Australia, but this is the first time Germans could pursue group claims since the law was changed last year. In Australia the company will pay 127 million Australian dollars to compensate owners, paying them A$1,400 apiece. Last week it emerged that three current and former Volkswagen executives were charged with market manipulation in connection with the diesel emissions scandal.

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