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Volkswagen has agreed to a settlement in a class action lawsuit filed by the Federal Consumer Protection Union (VZBV) on behalf of the company’s 260,000 customers, Reuters reported. The German company will pay them 620 million euros in damages.
The VZBV class action lawsuit has become the largest in Dieselgate history in Europe. According to interested customers, Volkswagen management deliberately concealed the actual emissions from diesel cars, leading to their depreciation in the aftermarket.
The benefits will be between 1,350 and 6,250 euros, depending on the year of production, and will be paid through a dedicated electronic platform. Only German citizens who bought their cars before December 31, 2015 are entitled to compensation.
Clients who disagree with the out-of-court settlement may claim their rights individually. However, cases can be delayed until October. In the United States, virtually all of Volkswagen’s dirty diesel owners have been compensated after winning a $ 25 billion class action lawsuit.
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