Volkswagen Faces Law Suit In Israel Over Emissions Cheating: Report

Volkswagen AG VWAGY is facing a class action suit in Israel over diesel emissions cheating.
An Israeli district court ruled in favor of petitioners seeking compensation from the automaker, Reuters reported.
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The class action suit will represent the public as well as the car owners who were exposed to higher pollution levels.
In 2015, Volkswagen was found to have hidden excessive levels of toxic diesel emissions from its cars, a scandal that shook the automotive industry.
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The company had already spent billions on vehicle refits, fines, and legal costs.
Price Action: VWAGY shares are trading lower by 11.72% at $16.88 on the last check Thursday.
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