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Volkswagen approaches dieselgate claims settlement with ex-CEO



(Reuters) – Volkswagen AG on Sunday said it had reached the broad outlines of a settlement with former boss Martin Winterkorn over his role in the dieselgate scandal, with the final details to be thrown out in the coming days.

Through the deal, Volkswagen is trying to turn the page to its biggest corporate crisis ever where it admitted to using illegal software to rig diesel engine tests in the United States. No details were given about the size of the deal.

"At its meeting yesterday, the Board of Supervisors approved the essential terms," ​​a VW spokesman said in a statement. "The agreements will be concluded in the next few days."

Since its breakdown, dieselgate ̵

1; one of the biggest corporate scandals ever – has cost the carmaker more than 32 billion euros ($ 38.93 billion) in fines, conversions and legal costs. [19659002] Volkswagen at the end of March said it would claim damages from former Mr Winterkorn for breaching its duty of care by not fully and quickly clarifying the circumstances behind the use of illegal software features in certain diesel engines.

Mr. Winterkorn has denied being responsible for the scandal. He resigned as CEO on September 23, 2015, a week after the scandal was revealed.

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