Volkswagen suits for $ 4.3 billion with the law in the USA – NOS

Volkswagen has prosecution for the dieselschandaal in America surrendered. The German concern is with the American justice a settlement amount agreed of $ 4.3 billion. That confirms Volkswagen compared to the financial news agency Bloomberg. The settlement by both parties is still to be formally approved.

With the settlement, prosecution of executives of Volkswagen in the U.S., not of the job. This week was a manager of Volkswagen in the US held.

Volkswagen, there was everything situated before the inauguration of Donald Trump to a settlement with the criminal justice system in the US; otherwise, there could be concern with a new people under Trump again have to negotiate.

Earlier met the group in the US is around 17 billion dollar settlements with consumers ‘ and environmental organisations. The money went to the owners of sjoemelauto’s and to the approach of air pollution. In total, the group of 18 billion dollars earmarked for settlements. That is already far too little.

Investors

The group still adheres to a series of lawsuits over the head. Also investors days Volkswagen for the court. The senior had, according to them, much earlier to reach out with the sjoemelpraktijken. Volkswagen did not until the autumn of 2015, under pressure from American environmental authorities, after having been there for many years was cheating, with about 11 million diesels. In the autumn of 2015, the decline in the share in Volkswagen to 25 percent in value.

the arrest of The American top manager Oliver Schmidt this week, seem to indicate that more arrests will follow. Schmidt is blamed that he is the sjoemelpraktijken tried to cover up. But he worked only since 2102 at Volkswagen and the tampering began much earlier. In Germany, there is also a series of managers suspected, among whom former chief executive Martin Winterkorn.

The senior has always maintained that the sjoemelparktijken only were known on a lower level. According to sources in the united states has the senior, however, decided the sjoemelpraktijken to keep it a secret. That would be grist to the mill of the aggrieved investors in their lawsuits.

the Netherlands

In the Netherlands caught consumers until now, a bone in the right. Meanwhile, however, the Authority Consumer and Market began with an investigation, at the urging of the Consumer. The ACM wants to know if Volkswagen consumentenregels has violated. In the Netherlands there are around 160,000 cars sold that much more nitrogen oxide emissions than was promised.

Today it was announced that Volkswagen has more cars sale. The largest autoconcern of the world sold last year to 10.3 million cars, 4 percent more than in 2015. In addition to the brand Volkswagen fall there also brands like Audi, Seat, Skoda and Porsche under. Asia has become the most important market for the Duitsters. Alone, China accounts for about a quarter of all sales of the Volkswagen.