Tuesday, May 30, 2023

Dutch court awards compensation to owners of rigged Volkswagen cars By Reuters

-


© Reuters. FILE PHOTO: A technician fixes a VW sign in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. REUTERS/Matthias Rietschel

AMSTERDAM (Reuters) -A Dutch court said on Wednesday the owners of cars made by Volkswagen (DE:) Group with software meant to rig diesel engine emissions tests were entitled to compensation.

The district court in Amsterdam said 3,000 euros ($3,538) of compensation was warranted for buyers of a new Volkswagen, Audi, Seat and Skoda that had the software installed, while owners of a second-hand car should get 1,500 euros.

The compensation, which can still be appealed by the German automaker, covers around 150,000 cars sold by dealers targeted in the class action suit, the court said.

The verdict is the latest in a string of payouts and fines for Volkswagen since it admitted in 2015 to using fraudulent software to make diesel engines appear cleaner than they were.

Since the scandal broke, it has cost the company more than 32 billion euros in fines, refits and legal costs.

($1 = 0.8479 euros)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

FOLLOW US

0FansLike
3,790FollowersFollow
0SubscribersSubscribe
spot_img

Related Stories