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German court to speed up VW investor lawsuits
A German court will adopt a rarely used class-action style procedure to more efficiently process claims by investors seeking damages from Volkswagen VOWG_p.DE over a diesel emissions cheating scandal, according to a ruling.
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The District Court in Braunschweig, near Volkswagen’s headquarters, said that it would allow a collective complaint that was launched on behalf of investors who lost billions when Volkswagen’s shares plunged after US authorities disclosed its diesel cheating in September.
United States authorities have made a major discovery as they have found out that global vehicle maker Volkswagen has been using three unapproved software programs in their Audi unit. A decision on the model plaintiff’s case could then be applied to others who have brought suit.
Volkswagen says it met its legal disclosure responsibilities.
Volkswagen has admitted it had thwarted USA diesel emissions tests for years and agreed to fix or buy back vehicles from consumers and provide funding that could benefit cleaner technologies.
U.S. District Judge Charles Breyer called the settlement an “enormous effort” by attorneys from both sides and urged Volkswagen owners who may want to opt out to consider the deal’s environmental achievements.
Although Volkswagen has agreed to spend such a huge amount in make amends for past mistakes, the compensation does not include the 85,000 3.0 liter engines that use unapproved software to emit lesser pollution than the 2.0 liter engines.
CarComplaints.com will update this page when new details come to light about any additional software found in the vehicles.
Bild says the software was discovered on Audi Q7, Porsche Cayenne and Volkswagen Touareg vehicles equipped with turbocharged direct injection (TDI) 3-liter engines.
Volkswagen has acknowledged that the cars were programmed to turn on emissions controls during government lab tests and turn them off while on the road.
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The time would be sufficient to pass an emission control test, which reportedly takes just 20 minutes, but any drive longer than 22 minutes will bring damage to the environment, as the emission control devices would allow the engine to generate more NOx, particulates, and Carbon dioxide than legally permitted and homologated.