Five years ago today, the automotive world was rocked by explosive allegations that Volkswagen had been cheating on its air pollution emissions tests. The practices, discovered in the United States, soon proved to be widespread both in terms of geography and manufacturer.
While U.S. consumers who were duped in the so-called “Dieselgate scandal” have been compensated €9.5 billion through class action lawsuits, most consumers in Europe have not received any compensation. A report from European consumer organisation BEUC released on the five-year anniversary of when the scandal broke has found that VW is “continuing its stalling tactics, exploiting legal loopholes and taking advantage of the uneven access to justice of European consumers”.
Anexo plc (LON:ANX) is a specialist integrated credit hire and legal services group focused on providing replacement vehicles to consumers who have been involved in a non-fault accident.