Volkswagen group: 830 million for the class action German

SENTENCED – The Group Volkswagen and the Vzbv, an important German association of consumers, who in October of 2019 had initiated a collective action against an automotive group (representing 260,000 customers of the Volkswagen Group in Germany), asking for a compensation to compensate for the loss of value of their vehicles caused by the Dieselgate, have reached an agreement that provides for the payment to the association a sum of 830 million euros.

COMPENSATION VARIABLES – This sum will be divided among the approximately 260,000 members who have joined the class action; the amount of the exact amount that will be paid off starting from the month of march to each customer is a resident of Germany and still in the possession of a vehicle purchased prior to 1 January 2016, dependent on the model and age, and ranges between 1.350 and 6.257 euro, up to a maximum equal to 15% of the purchase price.

AFTER 5 YEARS – The scandal Dieselgate, which dates back to the year 2015, when the Volkswagen Group has admitted to have used, in the units of some of his cars, a illegal software to alter the test exhaust emissions on diesel engines, has so far cost the German company more than 30 billion euros in between software updates, fines and compensation. Only in the maxi class action american, started in the year 2016, Volkswagen has paid out 25 billion dollars.