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

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.

In his resignation letter, he spoke about being in shock about the events that had transpired and “stunned” that misconduct on such a large scale c…

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

2021-06-04 05:04

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