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Ex-VW boss to pay 10 mln euros in dieselgate damages - Business Insider

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Former Volkswagen (VOWG_p.DE) chief Martin Winterkorn has agreed to pay around 10 million euros ($12 million) in damages to the carmaker over the diesel emissions scandal, Business Insider reported on Monday.

Former Volkswagen chief executive Martin Winterkorn leaves after testifying to a German parliamentary committee on the carmaker's emissions scandal in Berlin, Germany, January 19, 2017. REUTERS/Hannibal Hanschke/File Photochief Martin Winterkorn has agreed to pay around 10 million euros in damages to the carmaker over the diesel emissions scandal, Business Insider reported on Monday.

Volkswagen's supervisory board is scheduled to discuss an agreement over the weekend, two sources with knowledge of the matter told Reuters. An annual general meeting of shareholders in July would then need to sign off on it.

 

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