Volkswagen investors to demand $11 billion damages

CAIRO, SEP 10 (SEE ) – Volkswagen investors representing 1,670 claims are seeking compensation for a slide in Volkswagen's share price triggered by the scandal, which broke in September 2015 and has cost the firm 27.4 billion euros in penalties and fines so far.

Volkswagen went on trial on Monday to face investors seeking $11 billion in compensation.

Volks has admitted systematic emissions cheating, but denies wrongdoing in matters of regulatory disclosure.

VW shares lost up to 37% of their value in the days after authorities exposed illegal levels of pollution emitted from VW diesel cars.