BERLIN (Reuters) – Volkswagen said on Sunday it had reached the outline of an agreement with former chief Martin Winterkorn on his role in the dieselgate scandal, and final details will be discussed in the coming days.
Through the settlement, Volkswagen (DE 🙂 is trying to turn the page on its biggest corporate crisis in which it admitted to using illegal software to manipulate diesel engine tests in the United States. No details were given on the size of the deal.
“At its meeting yesterday, the supervisory board agreed on essential conditions,” a VW spokesman said in a statement. “The agreements will be concluded in the next few days.”
Since it broke, dieselgate, one of the biggest corporate scandals in history, has cost the automaker more than 32 billion euros ($ 38.93 billion) in fines, repairs and legal costs.
Volkswagen said in late March that it would claim damages from the former Winterkorn for failing to fulfill his duty of care by failing to fully and promptly clarify the circumstances behind the use of illegal software features in some diesel engines.
Winterkorn has denied being responsible for the scandal. He resigned as CEO on September 23, 2015, a week after the scandal was discovered.
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