Volkswagen says there will be no compensation plan for Europe for those affected by its diesel emissions scandal.
ADVERTISEMENTVolkswagen says there will be no compensation plan for Europe for those affected by its diesel emissions scandal.
VW rejects new claims from the European Union that it should offer compensation #dieselgatehttps://t.co/PF2drBT9b1pic.twitter.com/5gtFMA1QFI
— Autocar (@autocar) January 22, 2016
The carmaker plans compensation for those caught up in the deception in the United States.
EU presses VW over compensation for emissions scandal https://t.co/XnwDcYta06pic.twitter.com/XGUAnI3qwb
— E-spaces.eu (@EspacesEU) January 22, 2016
The reason VW says is because it had yet to agree with local regulators how to fix affected vehicles, and so customers there would have to wait longer for a solution.
Shareholders plans to sue
VW</a> in court seeking compensation for the plunge in shares due to… <a href="https://t.co/WnRDtICEBu">https://t.co/WnRDtICEBu</a> <a href="https://t.co/TQVMwYFV2E">pic.twitter.com/TQVMwYFV2E</a></p>— News Hour (newshourbd) January 18, 2016
VW admitted in September it had cheated US environmental tests by using software to mask nitrogen oxide emissions. It added that up to 11 million vehicles worldwide could have had the software installed, including about 8.5 million in Europe.
