Norway’s sovereign wealth fund is preparing to join a class action suit against Volkswagen as part of the fall out from the emissions scandal that erupted last year. Volkswagen admitted to installing software in some of its diesel vehicles that was used to cheat US emissions tests. The lawsuit is expected to be filled in the coming weeks in Germany. Norges said it was acting in order to safeguard its holding in VW and charged that the company had provided incorrect emissions data. Norges Bank Investment Management is worth of €751bn and holds shares in approximately 9,000 companies. Martin Winterkorn, the chief executive of Volkswagen, resigned on his position in September 2015 amid the outcry over the scandal.
