German court ruling clears way to settle VW diesel cases

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>A German court has ruled that Volkswagen must buy back diesel cars from their owners which were equipped with software that evaded emissions testing&period;<&sol;p>&NewLine;<p>But consumers must accept the current value of the car based on the mileage they drove since buying it&comma; not the purchase price&period;<&sol;p>&NewLine;<p>Volkswagen said the decision would clear the way for settlement of remaining consumer claims in Germany&period;<&sol;p>&NewLine;<p>The decision affects some 60&comma;000 individual claims brought by car owners there&semi; around 262&comma;000 others have already been covered by an 830 million euro &lpar;£743 million&rpar; class-action settlement&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;<i>For the majority of the 60&comma;000 pending cases&comma; this ruling provides clarity&comma;<&sol;i>” the company said in a statement&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;<i>Volkswagen is now seeking to bring these proceedings to a prompt conclusion in agreement with the plaintiffs&period;<&sol;i><&sol;p>&NewLine;<p><i>&OpenCurlyDoubleQuote;We will therefore approach the plaintiffs with the adequate settlement proposals&period;<&sol;i><&sol;p>&NewLine;<p><i>&OpenCurlyDoubleQuote;The aim is to relieve the burden on the judiciary as quickly as possible&period;”<&sol;i><&sol;p>&NewLine;<p>The case that was decided on Monday involved a plaintiff who bought a Volkswagen Sharan model in 2014 that was equipped with the software that turned off emissions controls during testing&period;<&sol;p>&NewLine;<p>He had sought the full purchase price but the court ruled he must accept less due to depreciation related to the distance he drove&period;<&sol;p>&NewLine;<p>The individual case is expected to serve as a guideline for others&period;<&sol;p>&NewLine;<p>Volkswagen was caught cheating by US authorities in September 2015 and has since paid more than 33 billion euros &lpar;£28&period;5 billion&rpar; in fines and settlements worldwide&period;<&sol;p>&NewLine;<p>Two executives went to prison in the United States and more are facing criminal proceedings and investigations in Germany&period;<&sol;p>&NewLine;<p>Volkswagen still faces lawsuits from investors&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ecec3bb3630">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ecec3bb3630'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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