Engines

Court says VW should have published engine plan that sparked dieselgate – Reuters

Summary

FILE A technician fixes a VW sign in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. REUTERS/Matthias Rietschel

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FILE A technician fixes a VW sign in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. REUTERS/Matthias Rietschel

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  • VW says fulfilled obligations, compensation claims unfounded
  • Admissions in 2015 sparked “dieselgate” scandal

BERLIN, Nov 18 (Reuters) – Volkswagen (VOWG_p.DE) should have gone public in 2008 with the engine plan that sparked its diesel emissions scandal, a German court said on Thursday, as it set out its views on a test case brought by investors against the automaker.

Volkswagen, which admitted in 2015 to cheating U.S. diesel engine tests, said it had fulfilled all its disclosure obligations and any compensation claims were unfounded.

The 2015 admission sparked the biggest crisis in Volkswagen’s history and has cost the German company more than 32 billion euros ($38 billion) in vehicle refits, fines and legal costs so far.

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Source: https://www.reuters.com/business/autos-transportation/german-court-says-vw-should-have-made-public-its-plans-emissions-cheating-2021-11-18/