• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Current price of oil as of June 10, 2026

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

3

Current price of oil as of June 10, 2026
Volkswagen

Volkswagen Told To Do More For Its European Customers

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
October 24, 2016, 12:28 PM ET
IAA truck show in Hanover
The logo of German car maker Volkswagen is seen at the IAA truck show in Hanover, September 22, 2016. REUTERS/Fabian Bimmer - RTSP5UAFabian Bimmer—Reuters

European Union consumer champion Vera Jourova has sought to ramp up pressure on Volkswagen to compensate owners of diesel vehicles rigged to cheat pollution controls and asked it for guarantees that its technical fix will work.

Jourova, the EU’s commissioner for consumer affairs, has written to VW official Francisco Javier Garcia Sanz asking for proof that the carmaker can fulfill a pledge to make vehicles comply with limits on nitrogen oxide (NOx) fumes by autumn 2017, a Commission official told Reuters on Monday.

“We need VW to guarantee, in a legally binding way and without any time limit, that the repairs will work and do not have any negative impact,” the official said.

The letter is in response to plans presented by Garcia Sanz last month to address harm caused to VW’s European clients with a fix the company says will bring vehicles in line with EU law.

Volkswagen (VLKAY) admitted to U.S. regulators last year that it installed illicit software on more than 11 million diesel vehicles sold worldwide.

Read More: Inside Volkswagen’s Emissions Scandal

The majority of the affected vehicles are in Europe and Jourova’s letter shows the growing frustration among EU officials over the gap in VW’s approach to European customers while offering cash payouts to U.S. owners of its cars.

VW has so far set aside about $18 billion to cover the cost of vehicle refits and a settlement with U.S. authorities. It also faces damages claims from investors over its disclosure of the emissions cheating.

Jourova’s letter called on the German carmaker to offer to repurchase some vehicles, the official said.

Patchwork Regulation

The commissioner said that VW could be in breach EU consumer law and repeated calls for voluntary compensation because European consumers are stymied by their inability to file United States-style class-action lawsuits in many EU nations and by weaker EU rules on defeat devices.

Her letter to VW said that the company had an obligation to ensure its diesel fix does not leave consumers out of pocket in terms of fuel efficiency and engine life.

VW, which has has previously rejected suggestions it may have breached EU consumer rules, says it is meeting legal requirements and that customers will receive certification to show their vehicles conform with emissions requirements.

The company said on Monday that it has provided Jourova with assurance that it would intensify dialog with consumers if the need arises.

Jourova, who sources said is due to meet again with Garcia on Thursday, has urged consumer groups to organize lawsuits based on allegations that VW duped consumers by promoting their cars as environmentally friendly.

While the EU has little leverage in the domain of consumer law, the EU’s Industry Commissioner has threatened legal action against EU nations if they fail to enforce EU laws on air quality.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Current price of oil as of June 11, 2026
Personal FinanceOil
Current price of oil as of June 11, 2026
By Joseph HostetlerJune 11, 2026
26 minutes ago
Current price of silver as of Thursday, June 11, 2026
Personal Financesilver
Current price of silver as of Thursday, June 11, 2026
By Joseph HostetlerJune 11, 2026
29 minutes ago
Current price of gold as of June 11, 2026
Personal Financegold prices
Current price of gold as of June 11, 2026
By Danny BakstJune 11, 2026
31 minutes ago
While investors await the SpaceX IPO, these space stocks are already public, building an economy in Earth orbit—and beyond
Innovationspace
While investors await the SpaceX IPO, these space stocks are already public, building an economy in Earth orbit—and beyond
By Jason MaJune 11, 2026
58 minutes ago
gordon
CommentaryVenture Capital
Gordon Ritter: I predicted AI’s learning loop a decade ago. The doomers are still measuring the wrong thing
By Gordon RitterJune 11, 2026
1 hour ago
A man in a suit jacket gestures with his hands.
AITerm Sheet
SpaceX is about to make history—and 80% of VCs won’t see a dime of it
By Amanda GerutJune 11, 2026
3 hours ago

Most Popular

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
19 hours ago
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
3 days ago
Current price of oil as of June 10, 2026
Personal Finance
Current price of oil as of June 10, 2026
By Joseph HostetlerJune 10, 2026
1 day ago
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Success
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
By Preston ForeJune 8, 2026
3 days ago
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
Innovation
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
By Amanda GerutJune 9, 2026
2 days ago
A ‘MAGA Warrior’ Texas ag chief is publicly blasting the USDA over a flesh-eating pest threatening America's beef supply
North America
A ‘MAGA Warrior’ Texas ag chief is publicly blasting the USDA over a flesh-eating pest threatening America's beef supply
By Marco Quiroz-GutierrezJune 10, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.