Grandparent scam: London, Ont., senior beats fraudsters not once, but twice
It was a typical Tuesday for Mabel Beharrell, 84, until she got the call that would turn her world upside down. Her teenaged grandson was in trouble and needed her help.
Former Volkswagen CEO Martin Winterkorn has agreed to pay 11.2 million euros (US$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 288 million-euro settlement with Volkswagen by him and three other former managers.
Volkswagen said it would get 270 million euros ($329 million) from liability insurance against loss from the actions of directors and officers.
Rupert Stadler, former head of the Audi luxury car division, would pay 4.1 million euros; former Audi executive Stefan Knirsch 1 million euros; and former Porsche executive Wolfgang Hatz 1.5 million euros. Porsche is a part of the Volkswagen Group.
More than 30 insurers were also involved in the talks, the dpa news agency reported. The settlement must be approved by the company's annual shareholder meeting July 22.
The company said in a statement that Winterkorn "breached his duties of care" as CEO, based on an extensive investigation by a law firm commissioned by the company.
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 Sept. 18, 2015 notice of violation from the EPA. Volkswagen has apologized and paid more than 31 billion euros in fines, recall costs and compensation to car owners.
U.S. environmental regulators were alerted to the emissions problems in May 2014 by a study from the West Virginia University's Center for Alternative Fuels, Engines & Emissions. Volkswagen, however, continued to assert that the increased emissions came from technical issues, not illegal software.
The investigation found that from July 27, 2015, Winterkorn failed "to comprehensively and promptly clarify the circumstance behind the use of unlawful software functions" in 2.0-liter diesel engines sold in the U.S. from 2009 to 2015.
The company said Winterkorn also failed to ensure that the company answered questions from U.S. regulators "truthfully, completely and without delay."
Separately, prosecutors in Berlin said Wednesday they had charged Winterkorn with making false statements to a parliamentary committee looking into the emissions issue. Their statement said Winterkorn falsely stated that he learned of the illegal software only in September, 2015, instead of in May, 2015.
It was a typical Tuesday for Mabel Beharrell, 84, until she got the call that would turn her world upside down. Her teenaged grandson was in trouble and needed her help.
The deaths of four people on a farm near the Saskatchewan village of Neudorf have been confirmed a murder-suicide.
The Canada Revenue Agency announced Thursday it will not require 'bare trust' reporting from Canadians that it introduced for the 2024 tax season, just four days before the April 2 deadline.
The Parole Board of Canada has granted full parole to one of three men convicted in the brutal murders of three McDonald's restaurant workers in Cape Breton more than 30 years ago.
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Genetic analysis has shed light on a long-standing mystery surrounding the fates of U.S. President George Washington's younger brother Samuel and his kin.
A spokesman for a regional Muslim advocacy group says Conservative Leader Pierre Poilievre's stance on the Israel-Hamas war could complicate his party's relationship with Muslim Canadians.
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B.C. conservation officers recently seized a nine-foot-long Burmese python from a home in Chilliwack.
A New Brunswicker will go to bed Thursday night much richer than he was Wednesday after collecting on a winning lottery ticket he let sit on his bedroom dresser for nearly a year.
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Newfoundland’s unique version of the Pine Marten has grown out of its threatened designation.
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Ontario is facing a larger than anticipated deficit but the Doug Ford government still plans to balance its books before the next provincial election.