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Legal teams battling over the ‘dieselgate’ emissions scandal have been told their cost estimates are ‘eye watering’ and ‘absurd’ by judges. After a three-day hearing, senior judges have slashed the claimants’ costs budget from £208m to £52m. The defendants’ budget – a collective of a dozen car …
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Senior judges have taken a chainsaw to what they describe as ‘absurd’ and ’eye-watering’ cost budgets in a collective action potentially worth £6bn. Following a three-day costs hearing featuring 23 counsel, Mr Justice Constable and Senior Costs Judge Gordon-Saker reduced the claimants’ costs budget …
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A court in Braunschweig, Germany today announced that former Volkswagen (VOW.DE) chief executive Martin Winterkorn must stand trial on fraud and tax evasion charges in connection with the 2016 diesel scandal, when VW was found to have installed emissions-manipulating software in millions of …
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In a major blow to Japan’s prestigious automotive industry, five leading Japanese automakers — Toyota TM, Honda HMC, Mazda MZDAY, Suzuki, and Yamaha — have been accused of falsifying vehicle safety test data. The scandal bears an eerie resemblance to the 2015 Volkswagen VWAGY Dieselgate debacle. …
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By Eddie Beaver (June 12, 2024, 5:23 PM BST) — Vehicle manufacturers including Renault and Peugeot Citroen that face thousands of “dieselgate” claims for allegedly cheating car emission tests are not at any risk of criminal prosecution in France while disclosing evidence before trial in England, a …
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A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg.Picture Alliance | Picture Alliance | Getty ImagesShares of European carmakers fell on Wednesday following a report that some of the world’s largest auto manufacturers face possible …
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STORY: Shares in European car manufacturers dropped on Wednesday.Investors are worried ahead of possible lawsuits in Britain over emissions tests.They believe it could cost companies over $7.5 billion.The claimants are owners of diesel vehicles.On Tuesday, lawyers told London’s High Court some of …
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(Reuters) – Shares in European car manufacturers dropped on Wednesday, led by declines in major brands such as Volkswagen and BMW, ahead of possible lawsuits in Britain over emissions tests that could cost companies over $7.5 billion. Lawyers for the claimants, owners of diesel vehicles, told …
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Article 0 Comments Some of the world’s biggest carmakers are facing 1.5 million lawsuits in Britain for allegedly cheating emissions tests that could cost them at least 6 billion pounds ($7.6 billion), claimants’ lawyers told London’s High Court on Tuesday. The claims, brought by owners of diesel …
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For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emailsSign up to our free breaking news emailsThe largest legal claim of its kind in English history against more than a dozen car manufacturers has been valued as being worth at least £6 billion, the …
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