Volkswagen potentially face smore than $20 billion in fines and compensations. REUTERS/Aly Song/Files
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Institutional investors are suing Volkswagen for 3.25 billion euros ($3.57 billion) in damages over the company's handling of its emissions scandal, which has so far seen the share price fall by about a third.Tilp has already filed a suit on behalf of individual investors, claiming Volkswagen didn't inform investors in a timely way about the troubles with diesel cars.Volkswagen is being sued by U.S. authorities over 600,000 cars equipped with software that defeated diesel emissions tests. The company has apologized and said it will fix the cars. Volkswagen has set aside 6.7 billion euros to cover the cost of recalling cars, but analysts say the final bill from lawsuits and lost sales could be several times higher.
FOLLOW THIS ARTICLE