BERLIN (Reuters) -Germany's Continental AG has reached a deal with former managers that will see their insurance pay damages between 40 million and 50 million euros ($46.7 million-$58.3 million) in
Continental AG Settles with Former Managers Over Diesel Scandal
Continental AG Settlement Details
BERLIN (Reuters) -Germany's Continental AG has reached a deal with former managers that will see their insurance pay damages between 40 million and 50 million euros ($46.7 million-$58.3 million) in connection with the diesel scandal, reported the Handelsblatt newspaper on Tuesday.
Insurance Payment Overview
The deal with insurers, subject to shareholder approval, covers only some of the total damages of 300 million euros, according to Handelsblatt.
Shareholder Approval Process
($1 = 0.8573 euros)
Total Damages Context
(Writing by Miranda MurrayEditing by Ludwig Burger)
