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By Jessica Sier
Volkswagen AG and consumer group VZBV agreed on a settlement at the Braunschweig Higher Regional Court on Friday to compensate those affected in the company's diesel scandal.
The agreement comes after talks broke down earlier in February as the German car maker rejected "inadequate" demands made by the association's lawyers. Volkswagen said the lawyers didn't provide sufficient proof that would justify their fee.
The VZBV disagreed with the claims and instead identified Volkswagen's "unwillingness" to "enable a transparent, trustworthy and safe system for settlement."
A press conference will be held at 1200 GMT in Berlin to discuss Friday's agreement.
Write to Jessica Sier at jessica.sier@wsj.com
(END) Dow Jones Newswires
February 28, 2020 06:08 ET (11:08 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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