NORDIC CHAMBER Press Archive
Norway fund to sue Volkswagen
Volkswagen admitted last year that it had installed secret software to cheat US emissions tests. The lawsuit is expected in the coming weeks. It will be filed in Germany, joining class-action cases which are being prepared there. “Norges Bank Investment Management intends to join a legal action against Volkswagen arising out of the fact that the company provided incorrect emissions data,” the fund said in a statement. “As an investor, it is our responsibility to safeguard the fund's holding in Volkswagen.” (BBC.com)