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Volkswagen pays 9 million euros to end proceedings against chairman, CEO

A new logo of German carmaker Volkswagen is unveiled at the VW headquarters in Wolfsburg
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FRANKFURT (Reuters) - Volkswagen said it agreed with a German court to pay 9 million euros (8 million pounds) to end legal proceedings against its chairman and chief executive, who were accused of holding back market-moving information on rigged emissions tests.The court in Braunschweig was hearing charges of stock market manipulation against CEO Herbert Diess, as well as non-executive Chairman..
Date Published: May 19, 2020
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