Swiss consumer protection organisation SKS has filed a claim on behalf of 6,000 car owners for damages from Volkswagen and Swiss car dealer AMAG over the “Dieselgate” emissions scandal.
“The cars sold as environmentally friendly were overpriced from the beginning. Due to the manipulation of the exhaust system, they then lost even more of their value on the secondary market,” Stiftung fuer Konsumentenschutz said in a statement.
In a separate incident, Germany’s highest court has rejected a bid by Volkswagen to suspend the work of a special auditor appointed to investigate management’s actions in the “Dieselgate” emissions scandal.
A regional court appointed the auditor in November in a victory for shareholder groups that want to establish whether VW bosses withheld market-moving information about the manipulation of vehicle-emissions tests and which subsequently hit their value.
Geely Holding , owner of the Volvo car brand, is eyeing up the separate Volvo Trucks business.
It is buying an 8.2 percent stake in AB Volvo from activist investor Cevian Capital, in a seal worth around $3.3 billion.