BERLIN, 9 June 2009 - Volkswagen said on Wednesday it had agreed with former executive managers, including ex-CEO Martin Winterkorn, to settle claims related to the dieselgate scandal which will see the carmaker receive 288 million euros in compensation.
The settlement comes as Winterkorn was charged by Berlin prosecutors with giving false testimony to the German parliament if he said he was unaware of the carmaker's diesel emissions cheating before it became public.
Winterkorn stepped down in September 2015 as Volkswagen CEO, a week after the scandal broke in which the company admitted using illegal software to rig U.S. diesel engine tests.
The settlement, which mainly consists of a 270 million euro payment through directors' and officers’ liability insurances, also contains a settlement with former Audi boss Rupert Stadler.
It needs approval at the annual general meeting on 22 July by the company.