Former VW general director to pay about 10m euros for oil scandal

Former VW general director to pay about 10m euros for oil scandal

Former Director-General of Group “Volkswagen” Martin Wintercorn has agreed to pay about 10m euros in damage to car producers due to the oil emissions scandal. According to foreign media, Telegrafi traces, the VW had said in March it would seek compensation from Wintercorn over the scandal. Business Insider, quoting [...]

Former Director-General of Group “Volkswagen” Martin Wintercorn has agreed to pay about 10m euros in damage to car producers due to the oil emissions scandal.

According to foreign media, Telegrafi traces, the VW had said in March it would seek compensation from Wintercorn over the scandal.

Business Insider, citing a draft contract, announced that an agreement between automotive producers, Wintercorn and other former leaders could be signed this week.

The VW monitoring board is scheduled to discuss a deal over the weekend, two sources with knowledge of the case for Reuters said.

The VW refused to comment, while a Wintercorn spokesman did not answer the phone when he was called for comment.

Automotive producer had said in March that after a broad legal investigation, he had concluded that Wintercorn had violated its “healthcare task “>

Wintercorn has denied to be responsible for the scandal.

The VW in 2015 accepted the use of illegal software to manipulate oil engine tests in the United States.

The scandal has cost more than 32 billion euros in fines, restorations and legal fees.

Wintercorn resigned as CEO on September 23, 2015, a week after the scandal broke out.

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