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Volkswagen Ordered To Buy Back Diesel Cars In Dieselgate Case

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A top court in Germany has ordered Volkswagen (VKW.L,VLKAF.PK,VOW.BE) to buy back the diesel cars delivered to customers with faulty emission systems.

Upholding a lower court's ruling, the Federal Court of Justice in Karlsruhe ruled in favor of the 65-year-old plaintiff Herbert Gilbert who owns a VW Sharan, the affected model. A lower court had ordered the car maker to pay about 25,600 euros or $27,887 and accept the return of the car.

The court also suggested that the buyback price should be calculated by deducting the depreciation value from the purchase price.

Volkswagen stated that the the court decision provides clarity in about 60,000 pending lawsuits filed by car owners in Germany. The company is planning to approach the plaintiffs with appropriate settlement proposals.

The emissions scandal, dating back to 2015, resulted in the ban of the diesel cars with the cheating software in the U.S. However, the company was allowed to update the software in Europe.

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