Exhaust scandal: diesel scandal was a “huge kick in the rear” for VW

Stephan Weil

Lower Saxony’s Prime Minister Stephan Weil is certain that the diesel scandal is the biggest economic loss in European history.

(Photo: AP)

Berlin diesel scandal is in the opinion of Lower Saxony’s prime minister Stephan Weil the Volkswagen Group for a long time. “By the time the last court case on the world on the exhaust gas scandal is over, many more years will pass,” Weil told the newspapers in the Funke media group.

“Dieselgate is certainly the biggest loss in European economic history.” The scandal is in the words of Weils “a huge kick in the back of the whole VWGroup “. Volkswagen is now a different company than three years ago, he says according to preliminary report.

The country Lower Saxony is 20 percent the second largest VW shareholder. A change in participation is not planned, Weil said.

This Monday begins the eagerly awaited pattern process at the Higher Regional Court of Braunschweig in which it is a claim for damages of VW shareholders in billions of dollars. The 3rd Civil Senate is hearing a lawsuit by the fund company Deka Invest due to losses suffered. Behind the model plaintiff are about 2000 similar cases that want to enforce their claims also.

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