![]() On November 2, 2015, the EPA issued another “Notice of Violation” alleging that irregularities had also been discovered in the software installed in vehicles with type V6 TDI 3.0 l diesel engines. The vast majority of these engines are Type EA 189 Euro 5 engines. ![]() In its ad hoc release dated September 22, 2015, the Volkswagen Group announced that noticeable discrepancies between the figures achieved in testing and in actual road use had been identified in around eleven million vehicles worldwide with certain diesel engines. Volkswagen admitted to irregularities in this context. The US environmental authority of California – the California Air Resources Board (CARB) – announced its own enforcement investigation in this context. It has been alleged that we had used undisclosed engine management software installed in certain four-cylinder diesel engines used in certain 2009 to 2015 model year vehicles to circumvent NO x emissions testing regulations in the United States of America in order to comply with certification requirements. On September 18, 2015, the US Environmental Protection Agency (EPA) publicly announced in a “Notice of Violation” that irregularities in relation to nitrogen oxide (NO x) emissions had been discovered in emissions tests on certain vehicles with Volkswagen Group diesel engines. This particularly applies to legal risk assessment regarding the diesel issue. As some risks cannot be assessed or can only be assessed to a limited extent, the possibility of loss or damage not being covered by the insured amounts and provisions cannot be ruled out. For the identifiable and measurable risks, provisions considered appropriate are recognized and information about contingent liabilities is disclosed. Where transparent and economically viable, adequate insurance coverage is taken out for these risks. In addition, legal risks can arise from the criminal activities of individual persons, which even the best compliance management system can never completely prevent. This particularly applies in the case of regulatory vagueness that may be interpreted differently by Volkswagen and the agencies responsible for the respective regulations. Risks may also emerge in connection with the adherence to regulatory requirements. Corresponding risks also result from US patent infringement proceedings. Above all in cases in particular where US customers assert claims for vehicle defects individually or by way of a class action, highly cost-intensive measures may have to be taken and substantial compensation or punitive damages paid. ![]() ![]() For the companies involved, these may result in payment or other obligations. In particular, such legal disputes and other proceedings may occur in relation to suppliers, dealers, customers, employees, or investors. In the course of their operating activities, Volkswagen AG and the companies in which it is directly or indirectly invested become involved in a great number of legal disputes and official proceedings in Germany and internationally. ![]()
0 Comments
Leave a Reply. |