According to people familiar with the matter,VolkswagenFormer CEO Martin Winterkorn (Martin Winterkorn) has agreed to pay the company around 10 million euros in compensation for the diesel emissions scandal.
In March of this year, Volkswagen said it would file a claim against Wundern over this scandal in an attempt to put an end to its biggest crisis in history.
According to a draft contract, Volkswagen and Wundern, as well as some other former executives, may sign an agreement this week. According to two people familiar with the matter, the Volkswagen Supervisory Board plans to discuss the agreement over the weekend and submit it to shareholders for review and approval at the annual shareholders' meeting to be held in July.
In 2015, Volkswagen admitted that it had manipulated diesel engine emission test results using illegal software in the US. The scandal has cost the company more than 32 billion euros in total, including fines, modifications and legal fees.
A week after the scandal came to light, Wundern resigned as CEO of Volkswagen on September 23, 2015.
Volkswagen said in March of this year that after investigation, the company concluded that Wundern had violated his duty of care during his tenure. Wundern denied responsibility for the scandal.