Business Maverick: Volkswagen Settles UK Emissions Class Action for £193 Million

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.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.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: UK to start legislating against Brexit deal within three weeksThe UK aims to introduce its controversial bill to override parts of the Brexit deal it negotiated with the European Union within the next three weeks, Northern Ireland Secretary Brandon Lewis has signalled. The government plans to proceed with the legislation in parallel to talks with the EU over the trading arrangements in Northern Ireland, a move that has escalated tensions with the bloc and raised the prospect of a trade war.
Source: dailymaverick - 🏆 3. / 84 Read more »