Volkswagen Emissions Claims

Redlockie17

What is likely to happen to the people that purchased a Volkswagen at the time of the emissions scandal and  not sign up with the two main  companies that are dealing with the compensation claim against Volkswagen, will they lose out because they did not sign up ??

DoaM

How many of these threads will we end up getting? 🙄

If you haven't joined any group action then you won't be getting anything - you would have to sue VW yourself. Note: The group action going in favour of the plaintiffs may be persuasive for your claim but it wouldn't guarantee winning ... you would need to prove your loss that was caused by the "cheat" device.

facade

If everyone who signed up gets £100,000 "compensation", then by not signing up you lost £100,000.

Assuming that VW have £9 billion to give out, and they don't just go bankrupt.

AdrianC

facade said:

If everyone who signed up gets £100,000 "compensation", then by not signing up you lost £100,000.

Assuming that VW have £9 billion to give out, and they don't just go bankrupt.

Of course, they may well end up "missing out" on the opportunity to share a large legal bill...

Mercdriver

DoaM said:

How many of these threads will we end up getting? 🙄

And now we have the Mercedes claim ads on TV.  Time people learned that the only ones that get rich from litigation are the litigators themselves.  

MinuteNoodles

Mercdriver said:

And now we have the Mercedes claim ads on TV.  Time people learned that the only ones that get rich from litigation are the litigators themselves.  

You should listen to Heart 80s radio station. There's an advert on there from a firm of solictors which is "Have you had a stocks and shares ISA from <list of names of high street banks> and lost money? If so you may be able to claim compensation."

facade

MinuteNoodles said:

You should listen to Heart 80s radio station. There's an advert on there from a firm of solictors which is "Have you had a stocks and shares ISA from <list of names of high street banks> and lost money? If so you may be able to claim compensation."

That is on most of the commercial stations.  I wondered how it works, as

1. they have been telling you that the value of investments goes up & down
2. You chose it yourself
3. The most you can throw at it is 20k a year, so how big can the loss be?

I've had a stocks & shares ISA for donkeys years. Every year I get a statement on hand illuminated vellum which explains that even though the managers only took 8 figure bonuses (again) they still managed to lose money hand over fist and barely beat inflation. 

If ever the market goes up significantly, I may just cash it in