CEO pays over diesel scandal

ExVolkswagen CEO Martin Winterkorn agreed to pay $13.6 million in compensation for what the company called his failure to quickly get to the bottom of the 2015 scandal over diesel engines rigged to cheat on emissions tests, the company said Wednesday.

Winterkorn’s payment is his share of an overall $350 million settlement with Volkswagen by him and three other former managers. Volkswagen said it would get $329 million from liability insurance against loss from the actions of directors and officers.

The U.S. Environmental Protection Agency caught Volkswagen using software that let the cars pass emissions tests and then turned off air pollution controls during normal driving. Winterkorn, who has denied wrongdoing, resigned a few days after the 2015 notice of violation from the EPA. Volkswagen has apologized and paid more than $31 billion in fines, recall costs and compensation to car owners.