VW demands damages from former executives linked to emissions scandal

Volkswagen is demanding damages from two of its former top executives as a result of the diesel scandal that engulfed Europe’s biggest car-making group about six years ago. Germany-based VW said on Friday that, following a multi-year review, it would file a damages claim against former company chief, Martin Winterkorn and Rupert Stadler, ex-head of the group’s luxury Audi offshoot “for breaches of due diligence under stock corporation law.” The group has, however, not disclosed the size of the claims against the executives. The company said it had not found any violations in the case of other …

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HEDGE accordingly