Volkswagen Seeks More Than EUR100 Million in Damages From Prevent
January 07 2020 - 7:53AM
Dow Jones News
By Kim Richters
Volkswagen AG (VOW.XE) said Tuesday that it is seeking more than
100 million euros ($111.8 million) in damages from Prevent, part of
a dispute between the German car maker and its former supplier.
Volkswagen said it was seeking damages related to delivery stops
in 2016 by Prevent subsidiaries Car Trim and ES Guss, which at the
time supplied Volkswagen with various car parts like seat
covers.
It has filed a first claim for its Skoda brand in a German court
and lawsuits for other Volkswagen brands will follow, Volkswagen
said.
Prevent didn't immediately respond for comment. The company had
filed a lawsuit in the U.S. last year, seeking damages of more than
$750 million from Volkswagen.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
January 07, 2020 07:38 ET (12:38 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Volkswagen (TG:VOW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Volkswagen (TG:VOW)
Historical Stock Chart
From Apr 2023 to Apr 2024
