Tuesday

27th Sep 2016

Ticker

VW could still face big fines in Europe

Volkswagen Group could still face financial penalties in Europe for cheating on emissions tests, German prosecutor Klaus Ziehe has said. While the carmaker reached a €13bn billion settlement in the US, no claim for compensation has been made in Europe, and VW bosses said a similar settlement in Europe would "overstretch" the company. “The intention is to ensure that Volkswagen does not profit from the diesel manipulation,” Ziehe said.

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