Volkswagen pays 9 million euros to end proceedings against chairman, CEO
Shortpedia
Content Team
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Volkswagen AG has agreed to pay 9 million euros (8 million pounds) in a deal with a German court 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 Hans Dieter Poetsch.
