800 million euros filed against Volkswagen

800 million euros filed against Volkswagen

April 14, 2020 0 By autotimesnews

Nearly 250,000 German brand customers who consider themselves affected by Dieselgate signed a class action lawsuit.

According to the Handelsblatt newspaper, the federal consumer association has filed a class action lawsuit against a German company accused of fraud with diesel engines in its cars. All victims are asked to sign the lawsuit until April 20. Currently, there are more than 250 thousand people.

Recall that the scandal erupted in 2015, when the Volkswagen Group was convicted of underestimating the emissions of heavy fuel vehicles using special software. The concern suffered huge financial and reputational losses, but now there are still those who feel cheated. It is noted that after the fact of fraud was revealed, car owners could not sell their cars at the price they were counting on.

According to lawyers, plaintiffs can return up to 15% of the initial cost of their cars. Depending on the type of vehicle and the year of issue, the group is obliged to pay compensation in the amount of 1350 to 6,257 euros. The total amount of payments will be about 830 million euros.

“The Federal Consumer Association expected, of course, more. But in the context of complex negotiations, the result is the most achievable. The offer is not generous, but it is within the compensation amounts previously reached in individual reconciliations in German courts, ”said Klaus Müller, member of the board of the department.

Recall that earlierAutoTimesNews reported on the costs of the company to resolve all claims won by customers. So, Volkswagen AG has already lost 31.3 billion euros due to Dieselgate. Moreover, the company believes that the outflow of funds will last until 2021 – these costs have already been budgeted.