German car maker VolksWagen has another problem related to dieselgate. UK motorists have launched a lawsuit that could cost VW billions pounds. The group of 10,000 VW owners seek 30m pounds. That would mean each owner would receive 3,000 pounds.
If company had to pay 3k to each of 1.2 million owners (including markes like Skoda, Audi and Seat) it would cost around 3,6billion pounds!
However, it is interesting that even though VW is facing this new UK lawsuit, its stock price has risen in past few days. I am curious about if it is going to drop in next couple of days.
To read more about DieselGate lawsuit in United Kingdom, read this article.