Some of the world's biggest carmakers are facing 1.5 million lawsuits in the UK for allegedly cheating emissions tests. The lawsuits, which could cost the companies at least $7.6 billion, were highlighted by claimants' lawyers in London's High Court. Shares of major European carmakers, including Porsche, Volkswagen, and BMW, have fallen following the reports of these 'dieselgate' lawsuits.
Sources
Reuters Business
Shares in European car manufacturers dropped, led by declines in major brands such as Volkswagen and BMW, ahead of possible lawsuits in Britain over emissions tests that could cost companies over $7.5 billion. More here: https://t.co/alMFVhC9mp https://t.co/3kTuMJcpfJ
CNBC Shares of Porsche, VW and other European carmakers fall following reports of 'dieselgate' lawsuits in Britain https://t.co/aFzzlGEVUi
Reuters European car manufacturers fall following UK dieselgate lawsuits https://t.co/zqfyVhBedC https://t.co/SLPZgSTCWW
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