Former Volkswagen (VOWG_p.DE) chief Martin Winterkorn has agreed to pay round 10 million euros ($12 million) in damages to the carmaker over the diesel emissions scandal, Enterprise Insider reported on Monday.
Volkswagen had mentioned in March it will declare damages from Winterkorn over the scandal because it tries to attract a line beneath its biggest-ever disaster. read more
Enterprise Insider, citing a draft contract, reported that an settlement between the carmaker, Winterkorn and different former executives may very well be signed this week.
Volkswagen’s supervisory board is scheduled to debate an settlement over the weekend, two sources with information of the matter advised Reuters. An annual common assembly of shareholders in July would then have to log out on it.
Volkswagen declined to remark. A spokesman for Winterkorn did not reply the cellphone when known as for remark.
The German firm had mentioned in March that following a far-reaching authorized investigation it had concluded Winterkorn had breached his obligation of care. Winterkorn has denied being answerable for the scandal.
Volkswagen in 2015 admitted utilizing unlawful software program to rig diesel engine assessments in the US. The scandal has price it greater than 32 billion euros in fines, refits and authorized charges.
Winterkorn resigned as chief government on Sept. 23, 2015, per week after the scandal broke.
($1 = 0.8178 euros)
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