According to people familiar with the matter, VolkswagenFormer CEO Winterkorn (Martin Winterkorn) has agreed to pay the company about 10 million euros in compensation for the diesel emissions scandal.
In March, Volkswagen said it would claim compensation from Winterkorn over the scandal in an attempt to put an end to its biggest crisis in history.
Volkswagen and Winterkorn and other former executives are likely to sign an agreement this week, according to a draft contract. Volkswagen's supervisory board plans to discuss the agreement over the weekend and submit it to shareholders for review and approval at its annual general meeting in July, according to two people familiar with the matter.
In 2015, Volkswagen admitted to using illegal software to manipulate diesel engine emission test results in the United States. The scandal has cost the company a total of more than 32 billion euros, including fines, modifications and legal fees.
Winterkorn resigned as CEO of Volkswagen on Sept. 23, 2015, a week after the scandal broke.
Volkswagen said in March that it had concluded after an investigation that Mr Winterkorn had violated his duty of care during his tenure. Winterkorn denied responsibility for the scandal.