Date: 7 months ago   Category: Industry

Shareholders of Volkswagen have demanded more than €9 billion compensations because of "dizelgeyt" — Rambler News Service


Photo: globallookpress.com Shareholders of the Volkswagen group have demanded from car maker €9,2 billion compensations because of late disclosure of information on incorrect data on emissions of diesel engines of cars of group, CNBC has reported. Shareholders of group have directed nearly 1,7 thousand claims in connection with scandal which has already cost group €27,4 million one billion penalties and compensations. "Volkswagen has to be to notify shareholders about impossibility of use of technologies in the USA no later than June, 2008", - the representative of shareholders in court has told. He consider that the group hasn't executed the obligation for informing on financial consequences of scandal which has been made public only after September, 2015. "If investors knew about criminal activity of VW, they could sell shares earlier or didn't make purchase, thereby avoiding losses", - it is said in the statement. At the same time the representative of VW in court has noted that the group has fulfilled the obligations for disclosure of information to shareholders. Earlier it was reported that the Volkswagen group which sells, including cars under the brands Volkswagen, Skoda, Audi, Porsche in 2015 was involved in the scandal later called "dizelgeyty". The company has been convicted that her cars were equipped special ON, underestimating real indicators of harmful exhausts at tests.

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