Volkswagen Group said it had reached the broad outlines of a settlement with former CEO Martin Winterkorn over his role in the automaker's diesel scandal.
"In its meeting yesterday, the supervisory board agreed the essential conditions," a VW spokesperson said in a statement on Sunday. "The agreements will be concluded in coming days."
With the settlement, VW is trying to turn the page on the scandal in which it admitted using illegal software to rig diesel engine tests in the United States.
The diesel scandal has cost the automaker more than 32 billion euros ($38.93 billion) in fines, refits and legal costs.
VW in late March said it would claim damages from former Winterkorn for breaching his duty of care by failing to fully and swiftly clarify circumstances behind the use of unlawful software functions in some diesel engines. read more
Winterkorn has denied being responsible for the scandal. He resigned as CEO on Sept. 23, 2015, a week after the scandal was uncovered.
Winterkorn has agreed to pay around 10 million euros ($12 million) in damages to VW over the scandal, Business Insider reported last month, citing a draft contract.
VW on Sunday gave no details on the size of the deal.
