dfelt

UK Law Firm files Lawsuit against VW

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dfelt    1,868

G. David Felt
Staff Writer Alternative Energy - www.CheersandGears.com

 

UK Law Firm files Lawsuit against VW

UK VW Owners Lawsuit

A downtown law firm has filed a group class action lawsuit against VW on behalf of a potential 1.2 million TDI owners. To date according the Euro Autonews web site 10,000 have signed on to be represented. VW has taken a very different approach to Europe and with that, more and more countries are demanding compensation equal to what VW is doing in the US.

Last year according to the story, a Spanish court found in favor of the owners that the local dealer was also responsible and judged in favor of the TDI owners that the dealerships owed them compensation. As such the Dealers have been told to pay each buyer $5000 Euro's in compensation. This is in addition to what ever they will get from VW as the country negotiates a similar deal like the US.

The UK now seems to want to go down this same road also with VW but from the law firm side of things as UK citizens have accused British authorities of being slow to respond and the European Union is taking action against Germany, UK, and five other member states for failure to police emissions testing by the auto industry.

Course VW states it will defend itself robustly in the case and that VW owners will not loose out due to the scandal. Course local resell of the auto's is showing a huge hit as is VW sales which are down 7.5% for 2016 at a time when the over all auto sales rose 2% over 2015.

At the rate that countries have decided to go after American type settlements with VW. The current 7 countries could potentially bankrupt VW if each country gets similar agreements. After all, the US has only about 1/3 the TDI's that UK has and if VW settles for 14 Billion here, why would it not be a 42 billion settlement in the UK and more elsewhere?

The next year to year and half is going to be very interesting for VW.

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