The Chicago class-action and unfair business practice lawyers at Markoff Leinberger are watching with interest as the iconic German car company Volkswagen attempts to curtail rising consumer anger and unrest in response to the news that it has been cheating on its vehicle emissions tests.
“We understand that owners of the cars affected by the emissions compliance issues are upset,” the German car company said recently on newly-launched consumer website.
The scandal could affect more than 11 million Volkswagen buyers worldwide, according to The Associated Press.
So far, Volkswagen company execs say they have set aside $7.3 million to cover expenses related to this issue. But car industry experts suggest that Volkswagen will have to spend much more money than that to bring all of its vehicles into compliance with environmental laws in the United States.
The company also is likely to be the focus of many class-action lawsuits from consumers who argue that this problem lowers the value of their vehicles.
Still, the real challenge for Volkswagen going forward will be satisfying regulators, who are now investigating exactly who and how many people knew about the Volkswagen conspiracy, and car buyers at the same time.
If you live in Chicago or anywhere nationwide and believe that you were directly impacted by the Volkswagen emissions-testing scandal, please contact Markoff Leinberger online today or call our Chicago consumer rights attorneys directly at (877) 905-5161.