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

Volkswagen hit with 2 lawsuits claiming that a Porsche EV battery triggered the massive 2022 fire that sank a  cargo ship with thousands of cars on board

By
Karin Matussek
Karin Matussek
and
Bloomberg
Down Arrow Button Icon
March 5, 2024, 4:28 AM ET
The Felicity Ace ship carrying luxury cars, is seen adrift in the middle of the Atlantic Ocean after it caught fire, near the Azores on Feb. 18, 2022.
The Felicity Ace ship carrying luxury cars, is seen adrift in the middle of the Atlantic Ocean after it caught fire, near the Azores on Feb. 18, 2022. Portuguese Naval Forces/Handout/Anadolu Agency via Getty Images

Volkswagen AG faces a pair of lawsuits in Germany over claims it was the battery in a Porsche electric vehicle that triggered the 2022 fire onboard a massive cargo ship that eventually sank with thousands of cars on board.

Recommended Video

One of the suits was filed in a court in Stuttgart where VW’s Porsche unit is based. The case was brought by half a dozen plaintiffs, including Mitsui OSK Lines Ltd., the ship’s operator, and Allianz SE, one of the insurers of the vessel, according to a spokesman for the tribunal.  

The case was filed a year ago but was recently paused because of mediation talks planned for a second lawsuit over the ship’s that’s currently before a court in Braunschweig. Both cases will resume if no settlement can be reached. A Braunschweig judge plans to hold the talks later this month, according to a tribunal spokesman.

Volkswagen confirmed the suits but declined to comment further. Mitsui didn’t immediately reply to requests for comment. Allianz didn’t have any immediate comment.

The Panama-flagged Felicity Ace caught fire near the Azores archipelago in the Atlantic Ocean two years ago and was left adrift after the crew was rescued. An internal email from VW’s U.S. operations at the time revealed there were 3,965 vehicles aboard the ship. The cargo ship’s loss could have cost the automaker at least $155 million, according to a risk-modeling company’s estimate.

The plaintiffs claim that the fire originated from the lithium-ion battery of a Porsche model and allege VW failed to inform them of the danger and necessary precautions needed to transport such vehicles, according to the Stuttgart court. Although the case was filed a year ago, the judges haven’t yet looked into the merits of the suit as the parties have been quarreling about the amount of collateral that must be posted before it can proceed.

The Stuttgart suit is: LG Stuttgart, 26 O 30/23. The Braunschweig court didn’t provide a docket number. 

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Authors
By Karin Matussek
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in Finance

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
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • 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
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 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.


Latest in Finance

C-SuiteVideo Games
‘Call of Duty’ co-creator Vince Zampella dies at 55 — ‘his work helped shape modern interactive entertainment’
By Safiyah Riddle and The Associated PressDecember 22, 2025
25 minutes ago
PoliticsU.S. Navy
Trump unveils warship named after himself in shipbuilding push
By Jen Judson and BloombergDecember 22, 2025
1 hour ago
BankingBank of America
Bank of America’s Moynihan says AI’s economic benefit is ‘kicking in more’
By Katherine Chiglinsky, Steve Dickson and BloombergDecember 22, 2025
4 hours ago
Paramount
LawM&A
Not only did Larry Ellison personally guarantee $40.4 billion for his son’s pursuit of Warner Bros., Paramount upped the break fee to $5.8 billion
By Wyatte Grantham-Philips and The Associated PressDecember 22, 2025
4 hours ago
man in suit
Personal FinanceCryptocurrency
Notorious crypto conman Sam Bankman-Fried has a prison passion project: giving legal advice to other inmates
By Carlos GarciaDecember 22, 2025
4 hours ago
dept
RetailSocial Media
TikTok puts department stores in your phone. Macy’s and Nordstrom say not so fast
By Anne D'Innocenzio and The Associated PressDecember 22, 2025
4 hours ago

Most Popular

placeholder alt text
Future of Work
Meet a 55-year-old automotive technician in Arkansas who didn’t care if his kids went to college: ‘There are options’
By Muskaan ArshadDecember 21, 2025
2 days ago
placeholder alt text
Success
Multimillionaire musician Will.i.am says work-life balance is for people 'working on someone else’s dream'—he grinds from 5-to-9 after his 9-to-5
By Orianna Rosa RoyleDecember 21, 2025
1 day ago
placeholder alt text
Success
Billionaire philanthropy's growing divide: Mark Zuckerberg stops funding immigration reform as MacKenzie Scott doubles down on DEI
By Ashley LutzDecember 22, 2025
5 hours ago
placeholder alt text
Future of Work
A Walmart employee nearly doubled her pay after entering its pipeline for skilled tradespeople. 'I was able to move out of my parents' house'
By Anne D'Innocenzio and The Associated PressDecember 20, 2025
2 days ago
placeholder alt text
Success
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
By Sydney LakeDecember 22, 2025
8 hours ago
placeholder alt text
Economy
Even if the Supreme Court rules Trump's global tariffs are illegal, refunds are unlikely because that would be 'very complicated,' Hassett says
By Jason MaDecember 21, 2025
1 day ago