Monday, May 16, 2016

Volkswagen exhaust affair: now even wants to sue Norway – THE WORLD

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now wants even Norway VW sue

Norway’s sovereign wealth fund is the fourth-largest shareholder of Volkswagen – and wants to secure its claims against the urgency of costs and the exchange rate loss of VW shares. For this, he goes to court.

 
 Norway’s sovereign wealth fund is the fourth-largest shareholder of Volkswagen – and wants to secure its claims against the urgency of costs and the exchange rate loss of VW shares. For this, he goes to court

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the Norwegian sovereign wealth fund, the largest in the world, prepared according to a report of the “Financial Times” due to losses in the course of the exhaust scandal filed a lawsuit against Volkswagen Corporation before. This would have the lawyers advised funds, said Peter Johnsen from fund managers Norges Bank Investment Management of the newspaper on Sunday. As an investor, the Fund is required to secure its claims. The spokeswoman confirming a corresponding report in the “Financial Times”. The newspaper had reported that the funds would join in the coming weeks the complaints against Volkswagen in Germany.

According to the financial news agency Bloomberg, the fund is the fourth-largest shareholder Volkswagen with 1.64 percent of the capital. Against Volkswagen already run numerous lawsuits from shareholders or car owners.

Volkswagen had given in September after investigations in the US, manipulates the emission levels in environmental testing of diesel vehicles to have , The forbidden software causes in the car that in testing a lower pollutant emission is measured, as it arises in normal operation. The scandal of the Group in 2015 drove the biggest loss in its history a.

The Fund had stated in October that he had also because of losses in VW shares losses suffered. Norway holds over the world fund shares in approximately 9,000 companies.

 
  AFP / Reuters / mol

“doping tests” announced against fraud exhaust

              In the exhaust affair in diesel vehicles the Transport Minister Announces so-called “doping tests” against manipulation. Besides VW also Audi, Mercedes, Opel and Porsche are suspected Source: The World

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