US EditionCar Industry: Conti Must Bear Most of the Damage in the Diesel Scandal
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4 Articles
The diesel scandal cost Continental around 300 million euros. The Group will receive about 44 million euros back – if the shareholders agree. Who the supplier claims damages from.
Continental asks its shareholders to agree to a million-dollar comparison within the framework of the VW diesel scandal. It is about 43.7 million euros.
Automotive supplier Continental wants to finally put an end to the diesel scandal and reach a €43.7 million settlement with former board members and their management liability insurer. However, the company will likely be left to bear the bulk of the costs.
In the invitation to the upcoming Annual General Meeting, automotive supplier Continental has now published the amount of the settlement he has agreed with his D&O insurers: 43.7 million euros will be paid by companies for claims for damages in the diesel scandal. Ten insurers are named.
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