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Australia delivers another dent to VW

Thursday, September 01, 2016 - 01:34

More dieselgate fallout for VW as Australia's consumer watchdog says it's suing the world's No.2 carmaker for intentionally selling more than 57,000 vehicles with software cheats. Hayley Platt reports.

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Another day, another potentially damaging headline for Volkswagen. This time it's from Australia's consumer watchdog. It's suing the world's No.2 carmaker for intentionally selling more than 57,000 vehicles with diesel emissions cheat software. VW is reportedly closer to settling a criminal probe in the US and a supplier dispute was resolved after marathon talks. Elsewhere, its problems appear far from over. (SOUNDBITE)(English) CIBC, HEAD OF FX STRATEGY, JEREMY STRETCH, SAYING: "Whilst it will continue to try and alleviate the pressure points globally I think it will be a case that while they might solve or lance one boil in one market then we will probably see another one pop up in a different market on a subsequent basis." The lawyers may end up being the only winners in which looks like a lengthy and expensive string of global law suits. An earlier claim by Australian law firm Maurice Blackburn is ongoing. It's seeking more than 75 million US dollars from the German automaker. As well as the full replacement cost of some 90,000 vehicles. (SOUNDBITE)(English) CIBC, HEAD OF FX STRATEGY, JEREMY STRETCH, SAYING: "It is going to be the case that shareholders in VW are still going to have to prepare themselves for a fairly rocky and bumpy ride over the course of the next days, weeks, months and potentially years." As well as suing VW, Australia's Competition and Consumer Commission wants the group to go public about its wrongdoing. And correct advertising it says was misleading by failing to disclose the "defeat" software.

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Australia delivers another dent to VW

Thursday, September 01, 2016 - 01:34