Category: VW Scandal
When the news broke that one of the biggest companies on the planet had been cheating emissions testing, the world was shocked. Not only were we left surprised as to how they’d managed to get away with such abhorrent behaviour for so long, but we were also angered at why they would do such a thing in the first place.
Prior to the emissions scandal, VW scored very highly in terms of climate strategy, ecological sustainability, compliance and anti-corruption. When the truth came out about what they’d been doing, their fall from grace was sharp.
With blood on their hands due to Nox pollution from “dirty diesels” and increasing inner-city environmental damage, not to mention experiments on monkeys, a simple question really needs answering: “Hey, VW! Where’s your Corporate Social Responsibility?”
At an auto show in Los Angeles, the current VW CEO for North America, Hinrich Woebcken, presented two new cars that will hit the market in two years; both of which are electric. In the short and to-the-point interview, he was asked about the emissions scandal and whether the company had recovered, to which Woebcken said:
“we are absolutely, we are back. We are coming back. At the same time we are making sure there is zero arrogance. There is still a lot to do still to regain fully trust with our customers.”
You mean like compensating UK consumers, as an example? When are you guys planning to settle up over here? We’re waiting…
Despite admitting to the world that it cheated car emissions tests and installed illegal defeat devices into some 11 million vehicles worldwide, Volkswagen have been reporting healthy profits. According to some of the latest figures, Volkswagen Group’s third-quarter operating profit this year is £3.8 billion; an increase of 15% from the same time period for last year.
You could argue that once costs relating to the scandal are taken off the sum, operating profits may actually be way down; but that’s not the only thing to be wary of when it comes to this news. You see, VW want this scandal to go away, and they probably think these profit reports can help to achieve that.
But people are seeing through the smoke and mirrors…
Volkswagen agreed to settle New Jersey emissions claims for £49 million – yet they still refuse compensation to U.K. victims!
On 14th November 2017, Volkswagen AG agreed to pay some £49.4 million to settle emissions claims made by the state of New Jersey in the U.S. It’s one of the last major state claims made against Volkswagen in the nation, and its caused further anger for some in the U.K. given VW are refusing to pay a single penny to victims over here.
The multi-million pound settlement is a small addition to the approximate £17 billion the major car-maker has reportedly agreed to spend on handling the emissions scandal in the U.S.
A group of minority investors, who have reportedly seen their share values plummet as much as 40% when “dieselgate” hit the press, were initially refused a request for independent experts to investigate Volkswagen by the major shareholders. The minority shareholders reportedly took the disagreement to the German courts, and the Northern German appeal court has since allowed this group of Volkswagen investors to appoint an independent investigator to scrutinise what happened and who knew what about the emissions cheating scandal.
This potentially landmark investigation could uncover more about the senior staff and directors at the company who knew about the so-called “defeat devices” all along!
Extent of the VW emissions cheating reportedly discussed two days before public announcement made, according to reports
On 20th September 2015, Volkswagen engineers and top managers reportedly discussed the extent of the emissions cheating before publicly admitting they’d installed the so-called “defeat device” software into their U.S. vehicles. The announcement saw the company’s share prices plummet and billions of pounds wiped off its market value.
The impact was then further exacerbated when Volkswagen made another announcement two days later confirming the full extent of Volkswagen group vehicles across the world that were affected. Apparently, this delay in reporting the full extent of the scandal may land VW in further trouble…
The High Court has set the next hearing for the end of March 2018 and crucial decisions will likely be made as to the direction of the VW Emission Litigation for victims in England and Wales.
Our legal team represent thousands of victims of the scandal here in the U.K., and we were the first to issue claims in the High Court in January 2016. Since we launched our action, a number of other firms eventually followed suit, but we remain confident we will be appointed as a Lead Solicitor in the action.
If you have yet to join our VW group action, we’re urging people to make their decision about claiming ASAP given the next important hearing is set in the next few months. You don’t want to miss any court-imposed deadlines.
Australian judge orders Volkswagen to explain why emissions “defeat devices” were installed in their cars
A federal court judge in Australia has reportedly condemned Volkswagen for giving what they deemed as insufficient answers as to why they decided to install so-called “defeat devices” into cars before selling them all over the world.
The Judge also wanted company executives to expect to be called into Court to offer an explanation.
The Australian Competition and Consumer Commission (ACCC) and law firms are currently suing Volkswagen for selling thousands of cars containing the alleged devices, with some 100,000 owners bringing claims against the major automaker in Australia.
There have been reports of car dealers seemingly taking advantage of Volkswagen owners by using a loophole to profit off the back of the Volkswagen scandal buyback scheme in the U.S., and there are fears similar activities could happen here in the U.K.
Dealers can apparently make a five figure profit by purchasing an affected car and then claiming compensation from Volkswagen.
Although VW is currently refusing any form of compensation here in the U.K., we are working with U.S. lawyers and keeping a close eye on things over there; especially when there are warnings to take heed of which may reflect over here when our fight for justice hopefully catches up to theirs.
When VW chairman Hans Dieter Poetsch defended the decision not to publish the elusive Jones Day report, we weren’t happy; and we weren’t surprised
Poetsch stated that he defends the decision not to publish to Jones Day report and suggested that the law firm’s findings were included in the guilty plea agreed with U.S. authorities. If that’s the case, why withhold the report? If VW’s stance is that the information included in the plea and / or the summary released is enough to grasp the concept of the report, why not release the full report? What possible reason could there be to not publish it, unless they were hiding something?