Automakers

VW pays nearly $10M to end proceedings against chairman, CEO

Diess was accused of a delay in informing investors of the company’s diesel scandal, which caused the company's share to plunge.
R
By:
Reuters
May 20, 2020 09:51 AM

FRANKFURT -- Volkswagen Group has agreed to pay 9 million euros ($9.9 million) in a deal with a German court to end legal proceedings against its chairman and CEO, who were accused of holding back market-moving information on rigged emissions tests.

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