Continental reaches deal with ex-managers in diesel scandal, reports Handelsblatt

Continental AG

07/10/2025 14:36

BERLIN, Oct 7 (Reuters) - Germany's Continental AG CONG.DE 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 Murray
Editing by Ludwig Burger)

 ((Miranda.Murray@thomsonreuters.com;))