A U.S. appeals court ruled on Monday that Volkswagen AG cannot escape potential financial penalties from two counties in Florida and Utah that may amount to a “staggering” additional liability arising from the German automaker’s diesel emissions scandal. The unanimous ruling by a three-judge panel of the 9th U.S. Circuit Court of Appeals, sitting in… Continue reading U.S. Court Refuses to Shield Volkswagen in Diesel Scandal Lawsuits
Tag: Volkswagen emission-cheating scandal
VW Reaches $912 Million Pact in German Car-Owners’ Mass Lawsuit
Volkswagen AG reached an agreement with German consumer group VZBV to settle claims from hundreds of thousands of diesel-car owners on its home turf who argued that their vehicles lost value in the wake of the emission-cheating scandal. VW agreed to pay 830 million euros ($912 million) as part of the settlement, the company said… Continue reading VW Reaches $912 Million Pact in German Car-Owners’ Mass Lawsuit