Volkswagen investors demand compensation

This video from the USA says about itself:

VW Dealer: Fraud Larger Than Madoff Ponzi Scheme

8 October 2015

Steve Kalafer, co-owner of Flemington Car & Truck Country, talks with Pimm Fox about the anger he feels as a car dealer about the Volkswagen diesel emissions scandal and the unanswered questions he has for the automaker. He speaks on “Bloomberg Markets.”

Translated from Dutch NOS TV:

[German] Investors claim more than 8 billion euros from Volkswagen

Today, 11:40

A year after the outbreak of the Volkswagen emissions fraud scandal investors have filed for 8.2 billion euros in damages. So says the court in Braunschweig.

Some 1,400 cases were filed by institutional investors like pension funds and small investors against the automaker. Investors say they have lost a lot of money because of the scandal.

After it became known that Volkswagen manipulated the results of emissions tests using special software, the share price of Volkswagen fell sharply. In the first two weeks, the value decreased by 40 percent.

For the court the claims are a lot of work. The claims against Volkswagen amount to about half the number of cases the court typically handles annually.

5 thoughts on “Volkswagen investors demand compensation

  1. Pingback: ‘Volkswagen emissions fraud started in 1999’ | Dear Kitty. Some blog

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  4. Pingback: Volkswagen fraudulent fat cat gets 3100 euros a day | Dear Kitty. Some blog

  5. Pingback: Volkswagen fat cat Winterkorn knew about fraud | Dear Kitty. Some blog

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