Thousands of VW owners in line for £2,100 compensation
THOUSANDS of Volkswagen owners are in line for an average compensation of £2,100 following the emissions scandal.
The German carmaker has agreed a £193million settlement with 91,000 British motorists.
It emerged in 2015 that millions of VW owners were tricked into buying cars with software that cheats emissions tests.
This meant drivers of VW, Audi, Seat and Skoda diesel vehicles thought their cars were environmentally friendly, but instead the emissions were much higher than the company had claimed.
The company admitted that 11 million cars worldwide, including 8 million in Europe, are equipped with these devices.
Furious car owners have filed a “class action” lawsuit against the automaker giant.
The case was due to come to the High Court in 2023.
But now an out-of-court settlement has been reached.
Although it’s unclear exactly how much the owners will receive, a £193million settlement split among 91,000 affected motorists would mean an average payout of around £2,100.
Europe’s biggest carmaker again apologized to UK customers earlier this week and called the deal a “significant milestone”.
But he made no admissions as to liability, causation or loss.
Announcing the settlement, Ben Smyth, chief investment officer at Therium Capital Management, said “taking legal action was the only way to ensure that VW would be held accountable for allegedly misleading its customers and breaching emissions guidelines to the detriment of air quality and human rights”. health”.
Who receives a payment of £2,100?
To get the payout, you would have had to be one of 91,000 motorists who joined the “class action” lawsuit against VW.
Criteria for joining include:
- Your car is/was a VW, Audi, Seat or Skoda
- It has/had a 1.2, 1.6 or 2 liter diesel engine
- It was made between 2009 and 2015
- You bought, leased or acquired it (new or used) before January 1, 2016
Not all cars manufactured by the VW group were affected.
Motorists were told in 2017 that if the case is successful, 30% of the compensation awarded will be withheld by the court to cover legal costs.
VW is not the only company to have paid compensation to its customers.
Millions of BT customers are set to get a £500 payout after a £600 class action lawsuit was brought against the telecoms giant.
BT has been accused of overcharging elderly and low-income customers.
While Lloyds Banking Group had to pay £13.6million to 350,000 customers following an investigation into home insurance renewal policies.
The Financial Conduct Authority said it found the wording of millions of the bank’s policies to be unclear and misleading.
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