VW’s £1bn compensation bill

Tuesday 18th October 2016 06:42 EDT
 
 

Car maker Volkswagen faces a huge compensation bill for the 1.2 million British car owners affected by the diesel emissions scandal. The Department for Transport has insisted drivers affected should be given payouts for the “inconvenience, uncertainty and worry.” 

In the US, drivers caught up in the scandal have been compensated $1000 each and offered to buy back the cars. If all British VW owners were the be compensated like those in the US it would be close to $1.2 billion or £984 million. 

Chris Grayling, the Transport Sectary is said to be considering bringing the carmaker to account. The Department of Transport announced at the begin gin of the year they have appointed barristers to investigate the scandal, raising the prospect of a criminal prosecution. Britain, it is said will also be part of the Europe-wide court action.


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