Volkswagen Seeks More Than EUR100 Million in Damages From Prevent

Date : 01/07/2020 @ 12:53PM
Source : Dow Jones News
Stock : Volkswagen AG (VOW)
Quote : 157.35  0.85 (0.54%) @ 4:35PM
Volkswagen share price Chart

Volkswagen Seeks More Than EUR100 Million in Damages From Prevent

Volkswagen (XE:VOW)
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   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.
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