Economy, Auto
0

VW May Seek Damages From Ex-CEO

VW May Seek Damages From Ex-CEOVW May Seek Damages From Ex-CEO

Volkswagen is reviewing whether to seek damages from former director Martin Winterkorn, who was at the helm when it emerged the carmaker had cheated on emissions tests, supervisory board member Stephan Weil told a newspaper. “Damages against former management board members are under serious consideration, I’m not just saying that,” he told Sueddeutsche Zeitung in an interview when asked whether Volkswagen would seek damages from Winterkorn, Reuters reported. “Once we know the outcome of investigations, we will make a decision,” said Weil, who represents the German state of Lower Saxony, a VW shareholder, on the company’s board. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com