Martin Winterkorn, former Volkswagen CEO, to pay firm $13 Million over diesel scandal
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Volkswagen said Wednesday that former CEO Martin Winterkorn has agreed to pay 11.2 million euros (USD 13.6 million) in compensation for what the company called his failure to quickly get to the bottom of the scandal over diesel engines rigged to cheat on emissions tests. The German automaker also said it would be receiving 270 million euros (USD 329 million) from liability insurance against loss from the actions of directors and officers.