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Volkswagen's Former CEO Martin Winterkorn To Pay EUR11.2 Mln To Settle Over Dieselgate Scandal


Volkswagen s Former CEO Martin Winterkorn To Pay EUR11.2 Mln To Settle Over Dieselgate Scandal
WOLFSBURG (dpa-AFX) - Volkswagen AG ((VKW.L, VLKAF.PK, VOW.BE) on Wednesday said that it has reached an agreement to settle its claims against four former executives, including long-time CEO and former Chairman Martin Winterkorn, related to its dieselgate scandal.
Winterkorn will pay an amount of 11.2 million euros, while former board member and Audi AG s Chairman Rupert Stadler will pay an amount of 4.1 million euros. Volkswagen has also reached an agreement about compensation payments from its D&O insurance in this regard to an amount of 270 million euros. ....

United States , Martin Winterkorn , Rupert Stadler , Stefan Knirsch , Volkswagen Group , Chairman Martin Winterkorn , North American , Wolfgang Hatz , ஒன்றுபட்டது மாநிலங்களில் , ரூபர்ட் ஸ்ட்யாட்லர் , வோக்ஸ்வாகன் குழு , வடக்கு அமெரிக்கன் ,

Former VW CEO to Pay Roughly $12 Million in Damages Over Dieselgate Scandal

Former Volkswagen boss Martin Winterkorn has agreed to pay roughly €10 million ($12 million) to the carmaker, as the latter concluded that he had breached his duty of care. Winterkorn resigned as CEO on September 23, 2015, a week after the Dieselgate scandal broke. ....

United States , Martin Winterkorn , Volkswagen Group , Former Volkswagen , ஒன்றுபட்டது மாநிலங்களில் , வோக்ஸ்வாகன் குழு , முன்னாள் வோக்ஸ்வாகன் ,

Detailed text transcripts for TV channel - DW - 20180911:16:20:00

In july twenty fifteen which was a couple of months before the american authorities came up with their allegations and obviously the judge says winterkorn did not seem to be necessary to pursue the matter further something the judge says into concert of them that s of course pretty strong wording against the case of the calm maker and then we have this other news today a.b.a. see the german car association car owners association together with the organization the german organization for consumer rights announced that it would launch a class action tomorrow they didn t say what this class action was about but everyone here is convinced that this will have to do with as well the lord lol maker here in germany only very recently introduced the possibility for such class actions and explicitly because of the diesel cheating scandal and yet another big story today ....

Calm Maker , Class Action , Consumer Rights , Car Association Owners Together , Class Actions , Diesel Cheating Scandal , Big Story Today Another Corporate One ,