Europe's Commissioner for Justice is working with EU consumer groups to pressure Volkswagen to compensate buyers in Europe as it has in the United States over the diesel emissions scandal. The German carmaker has pledged up to $15.3 billion to compensate 475,000 owners of VW diesel-powered cars, but has so far rejected such calls for the 8.5 million … [Read more...]
Volkswagen’s diesel-gate problems intensify
Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the automaker for what they see as breaches of its capital markets duty in the emissions scandal, said the law firm representing them. The lawsuit, for damages of 3.27 billion euros ($3.61 billion), was filed at a regional court in Brunswick in VW's home state of … [Read more...]
