VW weighs damages from former CEO

VW weighs damages from former CEO

Technology News

VW weighs damages from former CEO

VW weighs damages from former CEO


VW weighs damages Volkswagen's supervisory board is considering whether to seek damages from former CEO Martin Winterkorn, who was last week charged by the U.S. over the company's dieselgate scandal.

It's also pursuing possible clawbacks from other current and former VW executives.

According to German law, managers are materially liable for any failure of internal control mechanisms - a concept known as "negligent breach of duty."

VW weighs damages

A VW representative says the German automaker's supervisory board is checking whether it can request harm claims from Winterkorn regarding the organization's diesel discharges conning embarrassment.

Michael Brendel discloses to German news office dpa "the examination has been continuing for very a few while and is directed freely from the specialists' examination."

German daily paper Frankfurter Allgemeine Sonntagszeitung announced Sunday that Winterkorn could lose his property regarding the organization's examination.


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