“Wintercorn pays மில்லியன் 10 million in damages to Volkswagen”

“Wintercorn pays மில்லியன் 10 million in damages to Volkswagen”

Former Volkswagen CEO Martin Winterkorn will pay 10 million euros in compensation to the German car team. Meanwhile, lawsuits against Winterkorn and other Volkswagen managers by German and US judiciary are pending.

Volkswagen announced in March that it was seeking compensation from Winterkorn and other former executives for neglecting their duties. Wintercorn is going to pay millions due to the diesel scandal. He was the head of Volkswagen at the time, but always refused to take responsibility for the affair. The scandal came to light in 2015. The company has admitted to handling large-scale emissions testing with fraudulent software, making diesel cars appear to be cleaner than they actually were.

Case

This issue has already caused Volkswagen several billion in fines and repair costs. In some countries compensation has already been paid. Wintercorn has been accused of fraud in the United States, where fraudulent software was discovered. In Germany, the former CEO is expected to join four colleagues later this year in his role in the Shuffle board scandal.

Also read:
German justice accuses Volkswagen managers of diesel scandal

You read one of the free premium articles

Check Also

The chances of a soft economic landing shrink by the week

The chances of a soft economic landing shrink by the week

economy•25 Jul ’23 at 12:42•Modified on 25 Jul ’23 at 14:29Author of the book: Remy …

Leave a Reply

Your email address will not be published. Required fields are marked *