VW’s D&O insurers pay €270m in dieselgate settlement

Former VW chief executive Martin Winterkorn

Volkswagen’s D&O insurers will pay €270m in compensation as part of a €288m breach of duty settlement with former CEO and chairman Martin Winterkorn, as well as ex-CEO and chairman of Audi Rupert Stadler, over the use of software to cheat emissions tests in diesel engines. Mr Winterkorn will pay €11.2m and Mr Stadler will pay €4.1m, while former board…

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