Volkswagen in Settlement Talks With Consumer Group in Diesel-Scandal Lawsuit

Date : 01/02/2020 @ 11:38AM
Source : Dow Jones News
Stock : Volkswagen AG (VOW)
Quote : 168.15  -2.3 (-1.35%) @ 4:35PM
Volkswagen share price Chart

Volkswagen in Settlement Talks With Consumer Group in Diesel-Scandal Lawsuit

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   By Markus Klausen 
 

Volkswagen AG (VOW.XE) is negotiating a settlement with plaintiffs in a lawsuit related to manipulated diesel cars in Germany, the Federation of German Consumer Organizations said Thursday.

Talks between the German car maker and the plaintiffs are at a very early stage, the organization said, and it is unclear whether a settlement will be reached.

"The common goal of the Federation and Volkswagen is a pragmatic solution in the interest of customers," the organization said.

The consumer organization is representing more than 400,000 customers in a joint lawsuit, which began in Germany at the end of September last year.

 

Write to Markus Klausen at markus.klausen@wsj.com

 

(END) Dow Jones Newswires

January 02, 2020 06:23 ET (11:23 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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