Former VW Execs Will Pay $350 Million For Dieselgate

Volkswagen’s Dieselgate scandal is well-documented by now, but far from over. The emissions cheating problem was first discovered on the Volkswagen Jetta, but the scandal grew to include both Audi and Porsche. The German firm has so far paid nearly $40 billion in fines, legal costs, and vehicle repairs. Still to come, Volkswagen and Porsche have to make good on shareholder claims, which will cost another few billion.

Now the main role players responsible for the scandal have agreed to pay VW more than $350 million in compensation. The key players are Martin Winterkorn (ex CEO), Rupert Stadler (Audi), Stefan Knirsch (Audi), and Wolfgang Hatz (Porsche). Winterkorn has to cough up the most: $13.72 million. Standler will pay $4.95 million, while Knirsch will be down $1.2 million. Hatz will fork over $1.84 million. In addition to these paybacks from the previous executives, Volkswagen will also receive nearly $330 million from its insurer, D&O.

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