US-based owners of Volkswagen vehicles affected by the manufacturer’s infamous emissions scandal will now be able to sell their cars back to dealerships, after the company was granted final approval on its proposed $14.7 billion compensation deal. US District Judge Charles Breyer in San Francisco signed off on Volkswagen’s (VW)[Read More…]
Tag: Dieselgate
Hefty payout: VW to pay $175 mn to US lawyers suing over ‘Dieselgate’
Volkswagen AG (VW) has agreed to pay $175 million to US lawyers suing the German automaker on behalf of the owners of 475,000 polluting vehicles, two people briefed on the agreement said. In August, the lawyers in the class action litigation sought up to $332.5 million in fees and costs[Read More…]
Dieselgate: VW sued for $9.2 billion in German investor lawsuits
Volkswagen faces Germany’s biggest investor lawsuit as attorneys filed complaints totaling 8.2 billion euros ($9.2 billion) related to the diesel emissions scandal that wiped out a third of the company’s market value. About 1,400 lawsuits are currently pending at a court in Braunschweig, about 20 miles from Volkswagen’s Wolfsburg headquarters,[Read More…]