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Volkswagen Faces Law Suit In Israel Over Emissions Cheating: Report

  • Volkswagen AG (OTC: VWAGY) is facing a class action suit in Israel over diesel emissions cheating.

  • An Israeli district court ruled in favor of petitioners seeking compensation from the automaker, Reuters reported.

  • Also ReadPorsche With No Brakes - Shares Race Higher In Landmark Frankfurt IPO

  • The class action suit will represent the public as well as the car owners who were exposed to higher pollution levels.

  • In 2015, Volkswagen was found to have hidden excessive levels of toxic diesel emissions from its cars, a scandal that shook the automotive industry.

  • Also SeeVolkswagen Ramps Up Battery Materials Production Via New JV

  • The company had already spent billions on vehicle refits, fines, and legal costs.

  • Price Action: VWAGY shares are trading lower by 11.72% at $16.88 on the last check Thursday.

  • Photo Via Company

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