Tuesday

17th Oct 2017

Ticker

VW investors seek €8.2bn in Dieselgate damages

The past year 1,400 lawsuits have been filed by investors against Volkswagen Group (VW) at the court of Braunschweig, it said in a press release Wednesday. The claims are worth a whopping €8.2 billion, and are based on the argument that VW should have informed investors quicker that it had cheated on emissions tests. Any damages it has to pay will come on top of a €13 billion US settlement.

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