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The Group Board of Management at Volkswagen AG approved a settlement package during an extraordinary meeting today. The Board said the collapse of settlement negotiations with the Federation of German Consumer Organisations (Verbraucherzentrale Bundesverband – vzbv) should not have a negative impact on the company’s customers. For this reason, Volkswagen will offer the previously negotiated settlement to customers who joined the class-action suit and who meet the terms of the settlement package without seeking the support of the vzbv.

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Nicolai Laude
Head of Litigation Communications
Tel. +49 (0) 5361 / 9-25097