HAMBURG, Germany – On Friday, Volkswagen and a consumer group from Germany announced that they reached an agreement of 830 million euro over a class-action lawsuit over Volkswagen’s rigging of diesel emissions tests.
This deal is a step forward in Volkswagen’s effort to make amends on admitting its use of illegal software to cheat diesel engine tests.
This move cost Volkswagen over $30 billion in fines, vehicle refits and provisions.
According to the deal announced on Friday, the sum of 830 million euros will be divided among 260,000 members and the amount depends on the age and model of their cars.
Almost all of the U.S. owners of the cars affected agreed towards a $25 billion settlement in 2016 but Volkswagen claimed that there wasn’t a legal basis for its German consumers to seek compensation owing to the differences in law.
Earlier this month, the initial attempt to reach a similar settlement with VZBV failed and Volkswagen blamed the 50 million euro demands in fees by lawyers from the consumer groups.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.