X

This is not a paywall.

Register for free to continue reading.

The news sucks. But your reading experience doesn't have to. Help us improve that for you by registering for free.



Please create a password or click to receive a login link.


Please enter your password or get a login link if you’ve forgotten


Open Sesame! Thanks for registering.

First Thing, Daily Maverick's flagship newsletter

Join the 230 000 South Africans who read First Thing newsletter.

Volkswagen Settles UK Emissions Class Action for £193...

Business Maverick

Business Maverick

Volkswagen Settles UK Emissions Class Action for £193 Million

The Volkswagen AG headquarters and auto plant in Wolfsburg, Germany, on Wednesday, March 9, 2022. VW's Chief Executive Officer Herbert Diess is warning that the fallout of a lengthy war between Ukraine and Russia risks being "very much worse" for Europe's economy than the impact caused by the Covid-19 pandemic. Photographer: Krisztian Bocsi/Bloomberg
By Bloomberg
25 May 2022 0

Volkswagen settled its UK class action lawsuit for £193 million ($242 million) with more than 90,000 drivers impacted by the emissions scandal. 

No admissions of liability have been made by Volkswagen and the terms and conditions are confidential, according to a statement from the auto giant. A separate contribution toward the claimants’ legal costs and other fees will be made by the company.

Volkswagen alongside law firms Slater & Gordon, Leigh Day and PGMBM, who were representing the claimants in the case, said Wednesday that both sides had come to the out of court settlement and as many as 91,000 claims had been resolved.

The automaker has faced numerous lawsuits in what’s been dubbed the ‘dieselgate litigation’ after the use of the software designed to lower emissions when being tested was exposed as fraudulent by a US investigation in 2015. That led to a recall throughout Europe that cost the company billions of euros and massive fines from European regulators.

“The settlement is another important milestone as the Volkswagen Group continues to move beyond the deeply regrettable events leading up to September 2015,” Philip Haarmann, chief legal officer of Volkswagen, said.

Gallery

Comments - share your knowledge and experience

Please note you must be a Maverick Insider to comment. Sign up here or sign in if you are already an Insider.

Everybody has an opinion but not everyone has the knowledge and the experience to contribute meaningfully to a discussion. That’s what we want from our members. Help us learn with your expertise and insights on articles that we publish. We encourage different, respectful viewpoints to further our understanding of the world. View our comments policy here.

No Comments, yet

Please peer review 3 community comments before your comment can be posted