Volkswagen settles Dieselgate lawsuit in Italy

AutoExec Summary: The Volkswagen Dieselgate scandal continues to impact the company and the automotive industry. Recently, Volkswagen settled a class action lawsuit in Italy, allocating €50 million to compensate approximately 60,000 owners of affected vehicles. The scandal has cost Volkswagen an estimated €30 billion globally and has led to a significant shift from diesel to electric vehicles, while also damaging the reputation of diesel engines in Europe.

Brands mentioned: Volkswagen, Audi, Skoda, Seat, Cupra.