VW, former Audi executives had to pay millions to Volkswagen for Dieselgate


It will be Volkswagen It gets around $ 350 million As part of an agreement with executives who ran the company during a dispute over dieselgate emissions fraud, they allegedly violated their “maintenance responsibilities”.

Former CEO Martin Winterkorn has agreed to pay the company 11.2 million euros ($ 13.6 million), while former Audi CEO Rupert Stadler will pay Volkswagen 4.1 million euros ($ 5 million). Volkswagen also gets a smaller amount from two other managers involved in the scandal.

The bulk of the remaining money – about € 270 million (about $ 330 million) – comes from “directors’ and officers ’insurance” or “D&O” insurance, which can usually be used to help protect managers from personal liability. is increased. reimbursement of court costs and other expenses to the company.

The payment is a small amount compared to the $ 40 billion in fines, court fees and calculations that Volkswagen paid today to settle the dispute, or the $ 86 billion it has spent on electric vehicles since then. But it’s another sign that the company and its executives, current and former executives, are still continuing to address the problems with Dieselgate – even if it means paying the company. he pleaded guilty in 2017.

News of the decision is coming 62-page initial report A study of the roles of executives in the conflict, which saw Volkswagen and many of its sub-brands install “defeat devices,” made it look less dirty for regulators of diesel-powered vehicles. The council’s report was not made public after an extensive third-party investigation completed in March.

Notably, the report found that Volkswagen’s current owner, Herbert Dess, was in a meeting with Winterkorn in July 2015, where there were reports of engineers lying. Volkswagen said Dess, who joined the company that month, was “justified in believing” that the company would address the issues raised at the meeting.

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