VW: Class action in German, payment of compensation: € 830 mil to VZBV

VW: Class action in German, payment of compensation: € 830 mil to VZBV

Diesel vehicles: unauthorized software installed

Up to ¥ 99 billion will be paid to German consumers / VZBV who purchase fraudulent vehicles.

In 2015, a fraud case was discovered and 400,000 consumers in Germany had filed claims for damages / class action.

German VW: compensation / € 830 million

On February 14, VW announced that it would pay compensation of up to € 830 million.

Consumer organizations: Critical comments

“The VW proposal is not a satisfactory compensation method and disagree with it at all.”

To date, VW has paid a fine / recall of 30 billion euros (JPY 3.5 trillion yen).

NHK News

https://www3.nhk.or.jp/news/html/20200215/k10012286841000.html?utm_int=news-business_contents_news-main_001

VW offers direct payouts to sidestep German emissions lawsuit

Volkswagen has attempted to circumvent Germany’s largest collective lawsuit by offering more than 400,000 customers direct compensation for vehicles that were installed with diesel emissions cheat devices ahead of a critical court date in May.

The company said an €830 million settlement agreement with the consumer rights group VZBV,

which brought the landmark case to a court near VW’s headquarters last year, fell apart due to a dispute over an extra €50 million in legal fees.

https://www.google.co.jp/amp/s/www.irishtimes.com/business/manufacturing/vw-offers-direct-payouts-to-sidestep-german-emissions-lawsuit-1.4174316%3fmode=amp

Volkswagen offers $901 million to compensate German diesel owners

https://europe.autonews.com/automakers/vw-offers-901-million-compensate-german-diesel-owners

VW to Sound Out Settlement in German Car-Owners’ Mass Lawsuit

https://www.google.co.jp/amp/s/www.bloomberg.com/amp/news/articles/2020-01-02/vw-to-sound-out-settlement-in-german-car-owners-mass-lawsuit