• 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
Bloomberg
Down Arrow Button Icon
By
Karin Matussek
Karin Matussek
and
Bloomberg
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
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
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Lists Calendar
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

Top oil analyst guarantees that the next few months ‘will be an ongoing, absolute disaster’ even if the Strait of Hormuz opens tomorrow
EnergyOil
Top oil analyst guarantees that the next few months ‘will be an ongoing, absolute disaster’ even if the Strait of Hormuz opens tomorrow
By Jason MaApril 24, 2026
40 minutes ago
European Commission President Ursula von der Leyen
EnergyEurope
The EU is spending an extra $28 billion on energy imports, and answering with demand destruction, tax cuts, and a rapid clean energy shift
By Tristan BoveApril 24, 2026
49 minutes ago
Pete Hegseth stands behind a podium, pointing with one hand and furrowing his brow.
PoliticsIran
The U.S. military may have already used up half of its most expensive missiles, and it could take up to 4 years to rebuild its stockpiles
By Sasha RogelbergApril 24, 2026
50 minutes ago
college graduate
SuccessGen Z
With entry-level jobs vanishing, Gen Z grads are ditching corporate America—piecing together careers with entrepreneurship, gig work and freelancing
By Jake AngeloApril 24, 2026
1 hour ago
Your shareholder letter sounds like ChatGPT wrote it. This is the four-word phrase giving CEOs away
AIcommunications
Your shareholder letter sounds like ChatGPT wrote it. This is the four-word phrase giving CEOs away
By Molly Liebergall and Morning BrewApril 24, 2026
1 hour ago
Americans are buying more used clothes, but the real story is who’s buying what: Luxury resale is booming and so is discount
RetailU.S. economy
Americans are buying more used clothes, but the real story is who’s buying what: Luxury resale is booming and so is discount
By Marco Quiroz-GutierrezApril 24, 2026
3 hours ago

Most Popular

Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement account
Success
Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement account
By Emma BurleighApril 23, 2026
1 day ago
When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power,’ warns Hoover historian
Economy
When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power,’ warns Hoover historian
By Eleanor PringleApril 23, 2026
1 day ago
‘Don’t leave’: Jensen Huang challenges billionaire class as he insists ‘highest taxes in the world’ are OK with him
Big Tech
‘Don’t leave’: Jensen Huang challenges billionaire class as he insists ‘highest taxes in the world’ are OK with him
By Jacqueline MunisApril 23, 2026
21 hours ago
Teen boys are choosing AI girlfriends over real ones for 'maximum control, zero rejection'—experts say it could make them unemployable
Success
Teen boys are choosing AI girlfriends over real ones for 'maximum control, zero rejection'—experts say it could make them unemployable
By Orianna Rosa RoyleApril 17, 2026
7 days ago
A group of users leaked Anthropic's AI model Mythos by reportedly guessing where it was located
Cybersecurity
A group of users leaked Anthropic's AI model Mythos by reportedly guessing where it was located
By Marco Quiroz-GutierrezApril 23, 2026
1 day ago
Cursor’s 25-year-old CEO is a former Google intern who just inked a $60 billion deal with SpaceX
AI
Cursor’s 25-year-old CEO is a former Google intern who just inked a $60 billion deal with SpaceX
By Marco Quiroz-GutierrezApril 22, 2026
2 days 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.