Published by Global Banking & Finance Review®
Posted on October 7, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleContinental AG has settled with former managers in the diesel scandal, with insurance covering damages up to 50 million euros, pending shareholder approval.
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.
The deal with insurers, subject to shareholder approval, covers only some of the total damages of 300 million euros, according to Handelsblatt.
($1 = 0.8573 euros)
(Writing by Miranda MurrayEditing by Ludwig Burger)
Corporate governance refers to the systems and processes that direct and control a company, ensuring accountability and transparency in its operations.
Insurance payment is a financial compensation provided by an insurance company to cover losses or damages as per the terms of an insurance policy.
Shareholder approval is the consent given by a company's shareholders for certain corporate actions, often required for significant decisions like mergers or settlements.
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