German court ruling clears the way to settle VW diesel cases
According to the ruling, Volkswagen is basically obliged to pay damages to car owners affected by the diesel scandal. Volkswagen said the decision announced Monday would clear the way for settlement of remaining consumer claims in Germany. The decision affects some 60,000 individual claims brought by car owners there; around 262,000 others have already been covered by an 830 million-euro ($904 million) class-action settlement. “For the majority of the 60,000 pending cases, this ruling provides clarity,” the company said in a statement. He had sought the full purchase price but the court ruled he must accept less due to depreciation related to the distance he drove.
VW agrees to $912 million payments for Germans who sued
BERLIN – German auto giant Volkswagen agreed Friday to pay 830 million euros ($912 million) in damages to hundreds of thousands of customers whose diesel cars were outfitted with software to manipulate emissions readings. The settlement offer was negotiated with Germany’s consumer protection group VZBV, and Volkswagen called it “fair compensation.” The offer amounts to about 15% of the purchase price of the car, and payments range from between 1,350 euros to 6,257 euros ($1,485-$6,882). It will now be up to some 260,000 customers who had sued Volkswagen in Germany, arguing their cars had lost value due to the emission cheating scandal, to accept the offer or to proceed on their own to try and sue for more. In 2015, U.S. regulators caught Volkswagen using software that turned emissions controls off once the car had passed emissions tests. The company has paid out more than 30 billion euros ($33 billion) in fines, settlements and recalls.
Volkswagen offers 830 mln-euro diesel settlement in Germany
Automaker Volkswagen has offered 830 million euros as a settlement for owners of diesel vehicles that used software to mask excessive emissions. The company said Friday it was making the offer after talks broke down with a German consumer association that had been negotiating for a deal over fees for the plaintiffs' attorneys. The VZBZ consumer association said that the settlement talks failed because Volkswagen was unwilling to set up what it called a “transparent, trustworthy and secure” way of resolving the claims. In 2015, U.S. regulators caught Volkswagen using software that turned emissions controls off once the car had passed emissions tests. The company has paid out more than 30 billion euros ($33 billion) in fines, settlements and recalls.
German prosecutors charge 6 more in VW emissions scandal
FRANKFURT – Prosecutors in Germany have filed charges against six more individuals in connection with Volkswagen's diesel emissions scandal, bringing the total to 11. The prosecutors' statement did not name the individuals charged. Three of the accused were charged with direct offenses and the other three as accessories to the offenses, meaning they assisted or facilitated them. The prosecutors said 32 more individuals were under investigation. The company has paid more than 30 billion euros ($33 billion) in fines, settlements and recall costs.
Volkswagen, German consumer group in diesel settlement talks
BERLIN – Volkswagen and a German consumer group said Thursday they will conduct talks on a possible settlement in a landmark case in which hundreds of thousands of people aim to establish a right of compensation for cars affected by the automaker’s diesel emissions scandal. At the time, the presiding judge suggested that the two sides could consider a settlement, which he said would be possible though very difficult. The case was brought by the Federation of German Consumer Organizations on behalf of more than 400,000 diesel owners. In a statement Thursday, the two sides said that they have agreed to open talks on a possible settlement and that their common aim is “a pragmatic solution” in the interests of customers. It stressed that it is uncertain whether they will reach a settlement and said both sides have agreed to confidentiality.
German court issues split rulings over VW diesel cheating
BERLIN – A German appeals court has ruled in several lawsuits against automaker Volkswagen, saying consumers who unknowingly bought cars with software installed to cheat diesel emissions tests deserve compensation but those who purchased them later don’t. The Stuttgart appeals court ruled Thursday plaintiffs could demand repayment of the purchase price, minus a portion for usage, for cars bought between 2013-2015. The scandal came to light when U.S. authorities announced the violation in September 2015. It has cost Volkswagen some 30 billion euros ($33 billion) in fines, recalls and settlements, and several former executives have faced legal repercussions. The court rejected damage claims from plaintiffs who purchased vehices in 2016, saying Volkswagen’s announcements after the scandal broke were “sufficient in content and scope to inform the public.”The rulings can be appealed.