. | . |
Volkswagen can be sued anywhere in the EU, says top court by Staff Writers Luxembourg (AFP) July 9, 2020 Volkswagen can be sued for damages linked to the "Dieselgate" scandal anywhere in the EU, a top court ruled on Thursday, handing a setback to the auto giant that faces a wave of court cases. The case stemmed from Austria, where a consumer organisation is seeking at least 3.6 million euros ($4.1 million) on behalf of hundreds of car owners. "A motor vehicle manufacturer whose unlawfully manipulated vehicles are resold in other member states may be sued in the courts of those states," a court statement said. Since the scandal broke, Volkswagen has had to deal with numerous legal actions, both criminal and civil. A top German court ruled in May that Volkswagen must buy back a diesel car it had modified, a decision that could influence outcomes in thousands of other "Dieselgate" cases. One of the next major trials expected in Germany is that of former Audi boss Rupert Stadler, who is due to appear in court from September 30. The total bill for the Volkswagen scandal is expected to exceed 30 billion euros, including several billion in the United States to compensate customers. bur-arp/pdw/jh
Elon Musk mocks regulators, short-sellers as Tesla soars San Francisco (AFP) July 2, 2020 Tesla founder Elon Musk on Thursday mocked securities regulators and short-sellers in series of tweets as the tech entrepreneur celebrated his firm's rise as the world's most valuable carmaker. The taunts came as shares in the electric carmaker revved on the news it produced more than 82,000 vehicles and delivered approximately 90,650 in the recently ended quarter despite production being disrupted due to the coronavirus epidemic. Tesla shares finished the official trading day up nearly eight pe ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |