For the Volkswagen Group, the emissions gate is a devastating and long-lasting “nightmare”. According tomedia reports, on February 14, local time, Volkswagen said it would pay 830 million euros (about 6.28 billion yuan) to German customers over emissions to settle lawsuits filed against them by German consumers.
Last September, more than 400,000 German car owners signed a class-action lawsuit against cheating on emissions tests, with German consumer groups filing a petition in court for financial compensation.
Back in September 2015, volkswagen group was found to have implanted special software into diesel engine control software to pass regulatory standards, but its actual emissions were 10 to 14 times over the limit. For four years, countries have investigated vw’s deceptive practices and asked vw to pay compensation to address the impact of pollution on the population and the environment. At the same time, VW’s deceptive behavior also triggered a series of subsequent lawsuits and lawsuits.
On January 15th Poland’s Competition and Consumer Protection Agency announced a fine of 120.6 million zlotys (about 219 million yuan) for VOLKSWAGEN. In September 2019, VW reached a settlement with Australian car owners over emissions gates, and VW will pay a total of about A$127 million (about 616 million yuan) in costs to each owner of the volkswagen, Audi and Skoda diesel cars.
Volkswagen does not currently have a similar emissions problem in China due to domestic policies and regulatory issues for diesel vehicles.
So far, VW has paid about $33 billion (about 228.9 billion yuan) in fines for emissions. Despite VW’s heavy price for the fraud, the emissions gate is far from over.