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Volkswagen on Tuesday said that it would be repairing 11 million odd vehicles following the rigging of the emissions tests last week. The new CEO of Volkswagen Group’s Matthias Mueller said that the company would inform the customers if they needed to have the diesel engines with illegal software to be refitted in the coming days. Bosch has supplied Volkswagen with the testing software to manage the engine that included metering and delivery modules. This was the software that was used by Volk...

In the latest development concerning the Dieselgate emissions testing scandal that has plagued the Volkswagen Group, the German automaker has reached an agreement with its former executives for settlements totalling 287.8 million euros (RM1.44 billion), […]

VW will get back $351M in diesel settlement with former execs Automaker reaches agreement with former CEO Martin Winterkorn and other former top execs Nathan Eddy Winterkorn has agreed to pay 11.2 million euros compensation. BERLIN -- Volkswagen Group said it has reached agreement with former CEO Martin Winterkorn and three other former top executives over compensation for their involvement in the automakers diesel-emissions scandal. The settlement means VW receives 288 million euros ($351 mill...

Provided by Dow Jones By Kim Richters Volkswagen AG said Wednesday that former executives including its former chief executive officer would settle claims connected to the car makers diesel scandal as part of a 288 million-euro($350 million) agreement. Former Volkswagen CEO Martin Winterkorn and former Audi CEO Rupert Stadler agreed to compensate the car maker in relation to the scandal that erupted in 2015. Mr. Winterkorn agreed to pay 11.2 million euros and Mr. Stad...

VW will get $351M in diesel settlement with former execs VW will get $351M in diesel settlement with former execs Automaker reaches agreement with former CEO Martin Winterkorn and three other former top execs Nathan Eddy Winterkorn has agreed to pay 11.2 million euros compensation. BERLIN -- Volkswagen Group said it has reached agreement with former CEO Martin Winterkorn and three other former top executives over compensation for their involvement in the automakers diesel-emissions scandal. The...

The German chief executive also acknowledged his company’s “special responsibility in connection with the Third Reich.” Volkswagen was founded in 1937, as part of Adolf Hitler’s vision to enable German families to own their first car. On May 26, 1938, Nazi dignitaries gathered near Fallersleben in northern Germany to lay the foundation stone for the Volkswagen Works. Adolf Hitler was present, predicting that this Volkswagen, initially known as the Kraft-durch-Freude-Wagen, or KdF-Wagen,...