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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 automaker's diesel-emissions scandal. The settlement means VW receives 288 million euros ($351 million) in compensation related to the scand...

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, would be “a symbol of the National Socialist people’s community.” During World War II, the Wo...