Mexican Media Brands
VW Won’t Settle Diesel Lawsuit in Germany
Volkswagen AG has rejected a judge’s suggestion that it settle a class-action lawsuit in Germany on behalf of some 470,000 diesel owners who claim VW’s diesel cheating caused them economic harm.
#economics #legal
Share
Volkswagen AG has rejected a judge’s suggestion that it settle a class-action lawsuit in Germany on behalf of some 470,000 diesel owners who claim VW’s diesel cheating caused them economic harm.
The lawsuit has been described as the country’s largest legal claim ever. It was made possible by new legislation that allows consumer advocacy groups to file lawsuits on behalf of consumers, rather than requiring each plaintiff to file a separate complaint.
VW insists the case has no merit. It asserts that affected diesel owners have continued to drive their cars—almost all of which have been reprogrammed for cleaner operation—with no adverse impact on performance or resale value.
Yesterday, one member of the three-judge panel of the Higher Regional Court of Brunswick suggested that VW’s position may be correct. Media reports say the lawsuit could take four years to settle, unless VW agrees to settle it sooner.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
