AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,629 Increased By 103 (1.37%)
BR30 24,842 Increased By 192.5 (0.78%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

LONDON: Volkswagen on Wednesday said it would pay £193 million ($242 million, 226 million euros) to British claimants over its 2015 diesel emissions tests cheating scandal.

The German company has faced claims around the world since revelations that it cheated pollution tests by installing devices to reduce nitrogen oxide readings.

A class action was brought on behalf of some 91,000 claimants in England and Wales but Volkswagen settled out of court, avoiding a lengthy, potentially costly trial and any appeal.

“No admissions in respect of liability, causation or loss have been made by any of the defendants in the group action as part of the settlement,” VW said.

Terms and conditions of the settlement against Volkswagen Group outlets and dealers were confidential, it added in a statement.

Volkswagen keeps outlook as global set-up offsets supply chain woes

But it said: “A payment of £193 million is being made to the claimants by the Volkswagen Group. A separate contribution is being made by the Volkswagen Group towards the claimants’ legal costs and other fees.”

Chief legal officer Philip Haarmann called the settlement “another important milestone” as the carmaker tries to rebuild trust after the “deeply regrettable events”.

In September 2015, the US Environmental Protection Agency found many VW cars being sold in the country were fitted with software in diesel engines to give better emissions results when tested.

Volkswagen admitted fitting 11 million vehicles with software to make engines appear less polluting in regulatory tests.

That has seen it pay tens of billions of dollars in damages, refunds and court fees, most of them in the United States and Germany.

The High Court in London ruled in April 2020 that Volkswagen was liable to pay compensation in England and Wales to the owners of some 1.2 million VW, Audi, Seat and Skoda vehicles.

Comments

Comments are closed.